Australia-based IDP Education, the world's largest provider of international student placement, is considering the sale of its shares through an initial public offering (IPO) in 2014.
Education
Student loan on the rise, varies by region -report
A study by The Institute for College Access and Success found that America's class of 2012 graduated with an average of USD29,400 in student loan debt. Student debt levels, however, varies according to state and geographical regions.
Russian educational content platform BeSmart.net scores USD4 million from Education Matrix
Russia-based platform for publishing and viewing educational content BeSmart.net will receive USD4 million in total investment over the next three years from Hong Kong's Education Matrix.
Wikipedia launched new crowdfunding campaign to raise USD50 million
Wikimedia Foundation Inc., operator of the world's #5 website Wikipedia, on Tuesday began its new crowdfunding campaign. The foundation seeks to raise USD50 million, up from the USD30 million it raised last year.
Pearson acquires Brazil's Grupo Multi for GBP440 million
UK-based multinational publishing and education company Pearson reportedly agreed to buy Brazilian Grupo Multi for GBP440 million in a cash and debt assumption. Grupo Multi provides English language training to over 800,000 students in Brazil.
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In a speech delivered at Tel Aviv, Harvard Professor Yochai Benkler said cooperation and not self-interest can generate new ideas and transform businesses in today's knowledge economy.
US-based education startup Coursera added another USD20 million to its USD43 million Series B funding, bringing in a total of USD63 million for the round.
Cousera raised an additional USD 20 million in funding, bringing to a total tally of USD 63 million raised just from its Series B funding round. Backers behind this round were three of the universities that offered courses on Coursera and existing investors such as GSV Capital and Learn Capital.
The University of Nicosia, a private school located in Cyprus, boasted that it is now the first university in the world wherein you can pay your tuition and other fees through Bitcoin. This also part of their publicity efforts to promote its new Master of Science Degree in Digital Currency.
Harvard University has resorted to suing Chime Master Systems over a dispute over a cracked church bell a few months after the installation of a new clapper unit.
California-based live online English school Colingo raised USD2.4 million in a seed funding round led by Atlas Ventures, according to the company's founder, Ben Lowenstein.
A Business Standard report said impact investors and social entrepreneurs in India are now concentrating their investments on the urban poor market. These social ventures have been steadily gaining ground with investors providing seed and early stage capital.
New York-based startup LightSail Education received USD3.5 million in a Series A funding round led by Viceroy Capital Advisors for marketing an app that helps improve students' literacy.
A rise of mega donations in universities had been seen by individuals as a form of repayment to their educational attainment and career successes, said a philanthropy expert.
