Simba: Ed Tech Funding Picks Up Pace In Second Quarter With Investors Pouring More Money Into Startups

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Jul 14, 2015, 08:09 ET

STAMFORD, Conn., July 14, 2015 /PRNewswire/ -- In the second quarter, startup financing picked up the pace from the first quarter with investors pouring millions of dollars into new companies that are barely profitable and have yet to prove effective in solving a problem within education. However, the fear of missing out on the next big thing is likely driving the more frequent fundraising.

Investors are setting a keen eye on startups and nonprofit organizations providing solutions that help middle school and high school students learn the basics of computer science and programming, according to Simba Information's new Ed Tech Startup Dashboard Q2 2015.

This new publication examines the second quarter activity among ed tech startups that are making a push to enter a highly competitive market with their innovative digital solutions that are challenging traditional ways of providing education in schools and colleges. However, the path to getting these tools implemented into schools is difficult.

"Startups are often confronted with a challenging and slow process as they weave their way through local school districts with small budgets," said Valerie Chernetskyy, analyst and editor of the Education Group at Simba Information. "To speed up this sluggish process, many startups are offering free learning technologies such as apps and websites directly to teachers with the expectation that schools might eventually buy the enhanced services."

Ed Tech Startup Dashboard Q2 2015 provides data and analysis to help content providers and investors identify new business strategies and opportunities in the educational publishing arena. Ed tech startups are in a position to create digital tools that address the most urgent needs in education. As communities become more connected, devices become more affordable, the demand for high-quality educational apps is increasing with parents and teachers looking towards technology to engage students better in the learning process. For more information on Simba's new publication, visit: http://www.simbainformation.com/redirect.asp?progid=87649&productid=9125413.

About Simba Information
Simba Information is widely recognized as the leading authority for business intelligence in the education and professional media industry. Simba's extensive information network delivers top quality, independent perspective on the people, events and alliances shaping the media and information industry. Simba publishes newsletters and research reports that provide key decision-makers at more than 15,000 client companies around the globe with timely news, analysis, exclusive statistics and proprietary industry forecasts. For more information, please visit www.simbainformation.com.

Contact:
Valerie Chernetskyy
Analyst, Education Group
Simba Information
203-325-8193 x7403
[email protected]

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SOURCE Simba Information