VC-Backed Education Merger: Teachscape Buys Edgenuity
Teachscape, a New York-based provider of professional development services for educators, has acquired Edgenuity Inc., a Sunnyvale, Calif.–based provider of analytic solutions to school districts to improve achievement. No pricing details for the all-stock deal were disclosed. Teachscape has raised over $27 million in VC funding since 2000, from firms like Arcardia Partners, Sprout Group, Intel Capital, NewSchools Venture Fund, Quad Ventures and McGraw-Hill Ventures. Edgenuity had raised $5.6 million from Altos Ventures and Sigma Partners.
10 March 2009•3 mins read
