Age of Learning - Market Lanscape

Part
01
of five
Part
01

Supplemental Educational Instruction Distributors

The six companies that distribute supplemental education instruction in the US include Weld North Education, Move This World, EL Education, LearnPlatform, NimblyWise, and LearnZillion. The spreadsheet containing information on them is available here.

Weld North Education

Move This World

EL Education

  • Here is the company's website.
  • EL Education supplies guides assist pupils (6th-8th grade) in a supplemental setting, such as recommendations for "additional work with related text, word study and vocabulary, fluency, grammar and syntax, and independent reading."
  • Its headquarters is located in New York, but it has other offices in Amherst, Massachusetts.

LearnPlatform

  • The company's website is available here.
  • The LearnPlatform can be utilized to enable teachers to "share their experiences with ed-tech resources through research-driven methods."
  • Its headquarters is located in Raleigh, US.

NimblyWise

  • Here is the company's website.
  • NimbleWise helps higher learning institutions to implement certain abilities (e.g., information literacy, critical thinking, communication, etc.) into assessment and experiential learning.
  • Its headquarters is located in Boston, Massachusetts.

LearnZillion

Research Strategy

In our efforts to identify the companies that distribute supplemental education instruction in the US, we first tried to understand the components of supplemental education instruction. We searched through various sites such as the National Educational Association (NEA) to understand the concept of supplemental education. We then searched for companies that provide supplemental education in various websites such as EdWeek Market Brief and restricted the information to companies located in the US. We later explored the companies according to their specific domains and range of work they offer. In our findings, we identified that most companies were specific to the K-12 domain. We then searched for recent K-12 deals made within the last 12 months in marketplace K-12 and identified the six companies that we used for this research.
Part
02
of five
Part
02

Supplemental Educational Instruction Distributors - 1

Weld North Education has been around for ten years and has between 1001 and 5000 employees. Move This World has been operating for 13 years and has 11-50 employees. El Education was founded 27 years ago. It has 119 employees. We completed columns B, C, and D, rows 4-8 of the attached spreadsheet.

Findings

  • Weld North Education was founded ten years ago. It has 1001-5000 employees and its revenue is in the $50-100 million range.
  • Move This World, which was founded in 2007, has around $7.3 million in revenue.
  • The company serves the following districts: Evergreen Public Schools, Baltimore City Public Schools, Warren County Schools, Washington County School District, Sioux Falls School District, Eastside Union School District, Broward County Public Schools, Compton Unified School District, McComb School District, Metro Nashville Public Schools, Western School District.
  • El Education, which has been operating for 27 years and has 119 employees, generated $22.8 million in revenue in 2018.
  • The company's revenue declined by $3 million compared to 2017.
  • The organization's partners include 23 districts.


Research Strategy

Weld North Education and Move This World are private companies, which means that they aren't obliged to share their financial data or the number of employees. We tried to find exact figures in the educational and Edtech media, focusing on the statements from the companies' executives, partners, and investors. We assumed that press releases, interviews or articles about any new deals, partnerships or successes may include it to give a better idea about the possible impact of the transaction. However, we only found statements about wanting to keep the revenue undisclosed.

For Weld North Education, we found a revenue range. The same source has the exact revenue data, but it's behind a paywall. For Move This World, we provided an estimation from ZoomInfo (we summed up figures from the four quarters of 2019). We also provided employee ranges from LinkedIn.

Since there was no exact financial data available for these two companies, it was impossible to either find information on growth in educational and business media or calculate it.

We calculated El Education's growth by deducting the 2017 revenue from the 2018 revenue (the 2019 annual report is not available yet):

22.8 million25.8 million = -3 million

Also, Weld North Education's website, as well as websites for the companies it owns, don't provide comprehensive lists of partners. We used names that appeared in recent news articles and success stories (on all the accessible Weld North Education's companies sites). However, since a comprehensive list or a total number of districts is also not available in industry media, it is impossible to determine if the list is comprehensive.
Part
03
of five
Part
03

Supplemental Educational Instruction Distributors - 3

After an exhaustive research on three supplemental education instruction distributors, we were able to collect information on their specific domains, their most notable products and services, investments, mergers and acquisitions made in thee last 24 months and most recent headlines. We were however unable to find information on the investments, mergers and acquisitions of two of the three distributors, namely El Education and Move This World. You will be able to find a detailed spreadsheet of the information here.

Weld North

Move this World

  • Move this World's specific domain is in Collaborative for Academic, Social and Emotional Learning (CASEL).
  • It offers five most notable products and services, which are Self Awareness Program, Self Management Program, Social Awareness, Relationship Skills, Decision Making. They also offer Professional Development for educators.
  • Although the research does not have information on Move this Worlds' mergers, investments or acquisitions, the research was able to find information on partnerships with several organizations including Curry School of Education and American Institute of Research.

El Education

  • El Education domain is in language arts, social studies and life sciences.
  • They offer five notable programs: Starting Strong, virtual professional development, site Based Curriculum Institutes, online Courses and Professional Development and Coaching for Teachers.

Research Strategy

While most of the information for the companies was available, we were not able to find any investments and merger and acquisition information for El Education and Move This World. We mainly went through their website and Crunchbase but information about the investments and merger and acquisitions was not available.

Part
04
of five
Part
04

Supplemental Educational Instruction Distributors - 4

Information pertaining to the growth rates of Learnplatform, Nimblywise and Learnzillion was unavailable in the public domain. Furthermore, despite an extensive search, the districts serviced by Nimblywise was also unavailable. Details regarding the revenue, employee numbers and school districts served by these companies were provided in the attached spreadsheet.

LearnPlatform

  • LearnPlatform has a reported revenue of $7M.
  • As of February 2020, the estimated number of employees at LearnPlatform is 49.
  • In January 2018, LearnPlatform announced further expansion after closing on a $3.2M investment. The total funding amount of the company is reported to be $4M over three investment rounds.
  • On July 24, 2014, LearnPlatform raised $20,000 in a seed funding round. The company currently has a post-money valuation in the range of $10M to $50M, as of January 2018.
  • LearnPlatform announced a new collaboration with Dell in January 2019. The collaboration will allow U.S. school districts, state education agencies, and higher education institutions to license the platform. Dell serves 10,500 schools, 295,000 classrooms, and an estimated 6.8 million students globally. LearnPlatform experienced record growth with the number of educators, districts, and states using the platform in 2019. Numbers more than doubled since 2018.
  • LearnPlatform was founded in 2014.

NimblyWise

  • NimblyWise has a reported revenue of $3M.
  • The company is reported to have 15 employees.
  • NimblyWise was founded in July 2016.

LearnZillion

  • The company is reported to have a revenue of $8.5M
  • LearnZillion has an estimated 34 employees.
  • The total funding of the company is reported to be $32.5M.
  • LearnZillion had an early stage venture capital deal of $150K on September 21, 2011. Currently, LearnZillion has a post-money valuation in the range of $50M to $100M.
  • Over 415,000 teachers use the LearnZillion platform, and customers include the District of Columbia Public Schools, Syracuse City Public Schools, the Delaware Department of Education, and the Connecticut State Department of Education.
  • Among the other recent customers has been Montgomery County Public Schools in Maryland.
  • The company has an estimated 87 paying customers, almost all school districts.
  • LearnZillion was founded in 2011.

Research Strategy

We were unable to find information on the growth rate of the companies. Despite searching for news and financial reports, we could only find post-money valuation ranges for two of the companies, which we have provided in the research. Post-money valuation is a company's estimated worth after outside financing, We also provided seed funding values, typically in the year the company was founded, to provide a comparison between the value of the company when it started and the current value.

We were also unable to find much information on NimblyWise. The news posted on its website were mostly blog posts about education tips, and only one recent news article not on the website was found. We further searched for information on Credo Education, which was the NimblyWise company's previous name. There were no company profiles with either of the names on Bloomberg, and no financial reports were available under Credo Education or NimblyWise. All descriptions of the company mention districts vaguely, without further specifics on which districts were customers. We then tried to search for financial report archives in order to find values to manually calculate the growth in dollars. However, we were not able to find any records pertaining to any of these companies, even revenue from the years prior.

Lastly, we were unable to find all the district customers for LearnPlatform and LearnZillion. After reading multiple press releases and reviews of company services, we were unable to find specific names of LearnPlatform's customers. Since LearnPlatform had a collaboration with Dell, we assumed that the number of schools reached with LearnPlatform was the same as the Dell associated schools. This is most likely an overestimation, since not all schools opt to purchase LearnPlatform material. For LearnZillion, only a few districts were mentioned by name, out of the estimated 87 total. The websites did not have a list of collaborators or clients.
Part
05
of five
Part
05

Supplemental Educational Instruction Distributors - 5

Of the three companies reviewed, only LearnPlatform has received an investment in the last 24 months. Also, two of the companies, NimblyWise and LearnZillion, have been acquired within the last 24 months. Additional details on these companies have been added to the attached spreadsheet.

LEARNPLATFORM

  • LearnPlatform and the Jefferson Education Exchange announced the expansion of an initiative, funded by Small Business Innovation Research grant from the U.S. Department of Education, to help teachers and school leaders make better-informed decisions on what education technology tools work in what contexts.
  • The state of Massachusetts is the latest to retain LearnPlatform for its ed-tech effectiveness system.
  • New Markets Venture Partners invested $10 million across seven companies: Credly, LearnPlatform, Motimatic, Noodle Partners, Pairin, Practice, and Signal Vine in May 2018.
  • LearnPlatform announced that it has raised additional funding from Emerson Collective and New Markets Venture Partners in February 2020.
  • No M&A deals made in the last 24 months

NIMBLYWISE

  • the company's range of work consists of critical thinking, logic, reasoning, information literacy, communication in higher education. NimblyWise works with higher education institutions and corporations to prepare students and employees for continuous learning and success in the knowledge economy.
  • In November 2018, Infobase acquired Credo Reference; Credo Reference will later change its name to NimblyWise, Inc. in 2019.
  • No investment deals made in the last 24 months.

LEARNZILLION

  • The platform is focused on the K-12 category with a specific subject focus on Math and English language arts.
  • The company's notable product and services include: Math curricula authored by Illustrative Mathematics, and English language arts by EL Education, Created the Guidebooks 2.0 in collaborated with Louisiana Department of Education
  • According to CrunchBase, the latest investment LearnZillion received was in 2017.
  • In January 2020, Weld North Education (WNE), a PreK-12 digital curriculum company, announced that it had acquired LearnZillion.
Sources
Sources

From Part 03
Quotes
  • "“This is a major step forward for Weld North Education and underscores our unwavering commitment to transform education by building the best digital curriculum company in the world, serving students, teachers, parents and administrators,” said Jonathan Grayer, Chairman and CEO of Weld North Education."
From Part 05