Nordic EdTech News #60: 2022-02-21
Your Weeks 6 & 7 update from the Nordic and Baltic EdTech ecosystem
Hello, good morning and welcome to today’s Nordic EdTech News!
A huge thank you first of all to everyone who commented, liked and shared the 2021 Nordic EdTech funding report I published in the last newsletter. It’s heartening to hear that so many people found it useful and beneficial. ICYMI - the report (developed in an exclusive collaboration with Brighteye Ventures) and my headline summary of it can be found here.
Of course, two of Nordic EdTech largest players (Kahoot! and Sanoma) are well established on public markets and it’s clear from recent results that both continue to go from strength to strength. Kahoot secured a profit in 2021 (the first time since 2014) and according to E24 “is now moving forward with its plans for an IPO in the USA.” Kahoot’s strong Q4 numbers included invoiced revenue of $39.7m (up 126% yoy) and ARR of $133m (up 122% yoy) as well as reaching more than 1.1 million paid subscriptions across all services (up 64% yoy).
Sanoma Learning also posted very positive numbers in the 2021 annual results (Link). The business reported that net sales for the year grew by 28% to total EUR 637 million (2020: 500). Net sales in Q4 grew to EUR 89 million (2020: 67). Both of these numbers included a strong contribution from the Santillana acquisition.
Hugely encouraging news also for Nasdaq First North-listed, Shape Robotics, who have confirmed a “landmark milestone” deal to deliver and install a minimum of 100 SmartLabs in Romanian schools by the summer of 2022 (Link). The deal has an estimated billing value of DKK 60 million and led the business to raise its revenue forecast for the year from DKK 42-47 million to DKK 60-70 million (Link).
Whilst on Danish EdTech, this Folkeskolen article is well worth reading. It powerfully highlights the GDPR challenges Danish schools are currently wrestling with. Of course, protecting student data must lie at the heart of how education and EdTech respond to the opportunities (and challenges) of the metaverse. This new policy brief from the Brookings Institute A whole new world: Education meets the metaverse has been widely shared but provides a compelling blueprint for the way forward with student agency to the fore.
I’ve written previously about Ludenso’s partnership with Aschehoug to bring their traditional textbooks to life through AR and coupling them with relevant digital resources (Link). Ludenso is now including a handful of international publishers in a closed commercial test starting this Spring. If you'd like to get involved, please email email@example.com or simply join their webinar at Textbook & Academic Authors Association on the 24th February to learn more.
It’s great to see the launch of NextEdu, a new European EdTech accelerator programme, run by xEdu. It brings together Finnish and Italian expertise through a collaboration between xEdu, OGR Torino and the CRT Development and Growth Foundation to support startups from across Europe. Apply here and further details here.
And finally, if you’re interested in national education data and statistics from across our region, then do check out the EU’s Education and Training Monitor 2021. It’s an invaluable summary of European education and training systems, but please note that it doesn’t include either Iceland or Norway.
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
Denmark’s biggest EdTech conference - Digital Læringsdag 2022 (Digital Learning Day) - is confirmed for 2nd June 2022. (Link)
News from Estonia
Märt Aro, Chairman of the Board of EdTech Estonia, argues the case for building a new curriculum around “modern knowledge.” (Link)
DigiPRO detail their 8 Estonian EdTechs to watch - 99math, Clanbeat, DreamApply, Edumus, Lingvist, Mentornaut, Opiq and Speakly. (Link - paywall)
News from Finland
Finnish researchers create an education programme on cybersecurity for use across the EU. (Link)
News from Iceland
KPMG Iceland have developed resources to help primary school students better understand network and online security issues. (Link)
Utís Online, Iceland’s teacher-led EdTech event will be held on 23-24 September 2022. Details here.
News from Latvia
News from Lithuania
News from Norway
How the University of Stavanger ensures that student teachers are fully aware of the possibilities of using technology in their classrooms. (Link)
News from Sweden
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