Your Week 23 and 24 update from the Nordic & Baltic EdTech ecosystem
For many Nordic EdTech businesses, growing and scaling outside their national and regional markets represents some of their biggest challenges. It’s super encouraging to therefore highlight two high-growth, disruptive businesses that have received significant funding in the last two weeks to accelerate their growth in the US. Firstly eloomi, HQ in Copenhagen, announced a $55 million strategic investment from private equity company Great Hill Partners to scale their SaaS corporate learning and performance management platform. Kognity, HQ in Stockholm, then detailed a raise of $20 million from Alfvén & Didrikson to enter the US high school market (Link).
Interesting to also note that the global trend of private equity firms buying EdTech companies (see Ellucian and McGraw-Hill Education recently) from other private equity firms is being mirrored in the Nordics. Infinitas Learning, parent company of Liber, announced that it would be sold by Compass Partners to Dutch investment firm, NPM Capital. Trill Impact also confirmed last week that it had signed an agreement to acquire ILT Inläsningstjänst from Priveq (Link).
The recently-published OECD Digital Education Outlook 2021 provides compelling insight into future global education trends. Will it, the report asks, push on towards AI, blockchain and robot technologies or fall back to old, familiar ways? Evidently, this vision is still distant for many countries globally - Teach millions’ commitment to UNESCO's Global Education Coalition puts their platform and Nordic EdTech at the heart of the solution. Find out more here.
The European Edtech Alliance officially launched on 8th June - a recording of the launch event is now available here. Please do sign up for their newsletter (which I’m also proud to be producing!) to keep on top of the wider European EdTech ecosystem.
Next Monday’s Nordic EdTech News Interview will be with Steve Tucker, CEO of itslearning. And if you missed last week’s interview with Jon Gunnar Thordarson, CEO at Mussila, you can read it in full here.
Finally, don’t miss The Anywhere School 2021 from Google for Education - 23rd June.
If you read this newsletter for Nordic EdTech analysis and insight, you may be interested to know that I offer consultancy services. Want to find out more about my advisory work helping to build great EdTech businesses? Let’s talk.
As always, do let me know if you’ve got any feedback or a story to include in a future issue of this newsletter by emailing firstname.lastname@example.org. Sharing this email with your network is also always much appreciated!
Best regards, Jonathan
News from Denmark
EdTech Denmark criticizes government plans to relocate education institutions from large cities to the provinces pointing out that the opportunities for digital learning have been “completely overlooked”. (Danish)
Danish Government publishes white paper on the role of “the tech giants” so that “children and young people can have a safe childhood in good balance between the digital world and the physical world.”
News from Estonia
Research published on “Adopting technology in schools: modelling, measuring and supporting knowledge appropriation” featuring 100 Estonian teachers. (Link)
News from Finland
New Nordic School and Sri Aurobindo Group launch the Nordic High International School in Indore bringing Finnish education to India. (Link) Notably, Kindiedays and Kide Science are also involved providing the pedagogical management solution and STEAM lesson plans respectively.
News from Iceland
News from Latvia
News from Lithuania
Detailed review published looking at the effectiveness of Lithuania’s online learning response to the Covid-19 pandemic. (Link)
News from Norway
An international study of 1,500 children by the Nordic Institute for Studies in Innovation, Research and Education showed higher learning outcomes and more positive attitudes toward learning with DragonBox. (Spanish)
Girl Tech Fest to go ahead in 2021 with events across Norway. (Nor)
News from Sweden
Leading industry players and stakeholders outline their vision of how Sweden can become a leader in digital learning. (Swe)
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