Nordic EdTech News #69: 2022-07-04
Your Weeks 24 - 26 update from the Nordic and Baltic EdTech ecosystem
Hello, good morning and welcome to today’s Nordic EdTech News.
It’s a bumper issue as businesses get their news out before the Summer break - please click the “View entire message” link if your email service has clipped it. And if you’ve missed any previous newsletters, you can catch up via the web archive here. Now, let’s get going!
It’s been a busy few weeks for Swedish EdTech with two notable acquisitions to report. Firstly, Zcooly has acquired Peppy Pals with a combined ambition to become one of Europe’s largest EdTech players (Link). Both organisations use the power of games to make learning engaging and fun. Separately, SchoolSoft, one of Sweden’s leading schools management systems, announced the purchase of Norway’s Logometrica (Link). The deal supports SchoolSoft’s ambition to become a “digital one-stop shop for schools.”
The last three weeks have also seen three Swedish EdTechs raise significant investment. Mentimeter, the engagement platform widely used in education, raised SEK 432 million (Link); Lingio, a Swedish language learning solution for corporates, confirmed a SEK 41 million raise (Link) and Quizrr closed a $2.5M investment round to accelerate the expansion of their human and labour rights training platform (Link).
In other funding news, Norway’s Pickatale has confirmed NOK 100 million of new funding for their online reading platform (Link). In 2021, the business launched in the UK and Denmark, added 100,000 users and increased revenue to more than NOK 10 million.
Estonia’s 99math has also finalised an additional $2.1M in funding. (Link) The investment will help to continue expansion in the US and other international markets. Students are currently solving an incredible 3 million maths problems on the site every day!
Be sure to check out the newly-released Finnish EdTech Report 2022. It was commissioned by the Helsinki Education Hub and conducted by EdTech Finland and “analyzes the growing ecosystem of Finnish EdTech companies and actors.” Perfect for reading on the hammock or sun-lounger!
Do also listen to the Digital Education Decoded podcast (sponsored by Academic Software) if digital education and technology in universities is your focus. It’s also available on YouTube with English subtitles here.
Two notable EdTech events coming up after the summer.
An afternoon on Nordic Co-operation in EdTech at Oslo Innovation Week - 28 September.
HolonIQ’s Global Impact Summit in Stockholm - 29th November.
And finally, EdTech Estonia will be organizing another EdTech Hack and would like other countries to join as co-hosts! The hack will be fully online and will feature a great combination of mentors and workshops. Email email@example.com if you’d like to get involved.
I’ll be taking a break over the summer, so the next newsletter will be published on 8th August 2022. I’ll cover any breaking stories on Twitter, so do follow updates there!
Have a great holiday and see you again in a few weeks!
Thanks for reading, Jonathan
News from Denmark
Clio‘s 2021 Annual Report highlights a DKK 19 million loss and clear plans to “maintain its strong position in the Danish market and continue its growth in the Swedish and international markets.” (Link)
This year’s Læremiddel.dk conference will be on "The teaching aid landscape in Denmark." Details here - 27 October 2022.
News from Estonia
Good to see EdTech Estonia going from strength to strength at their recent general meeting. (Link)
News from Finland
Finland’s government provides +€9 million for the development of children and young people's digital skills plus related teacher support. (Link)
News from Iceland
News from Latvia
Positive feedback on the use of digital technologies in Latvian “Teachers’ Voice” research. (Link)
News from Lithuania
News from Norway
News from Sweden
Can new distribution models increase the use of digital teaching materials? (Link)
Sweden only spends 0.65% of total school budget on teaching resources but Finland spends 1.5%, according to a new survey. (Link)
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