Nordic EdTech News #87: 2023-04-24

Your Weeks 14 - 16 update from the Nordic and Baltic EdTech ecosystem

Jonathan Viner

Apr 24, 2023

Nordic EdTech News is the best way to keep up with the EdTech ecosystem across 8 Nordic and Baltic countries. I curate it from company updates and a wide variety of international sources. It’s a passion project of mine - the rest of my time is spent advising / consulting the companies who lead the future of learning. If you’d like to find out more, drop me an email.

Hello and welcome to today’s Nordic EdTech News. It’s been a busy 3 weeks since the last newsletter, particularly following events in Denmark (Lærfest), Finland (ITK) and Sweden (SETT). There’s lots of news to cover, so let’s get straight to it!

Although there’s lots of interesting updates below, it’s also evident that times are tough across our ecosystem. It’s clear from talking to many companies over the last few weeks that markets are increasingly overcrowded, customer acquisition costs remain high, sales cycles are frustratingly long and growth is slow. Access to finance is also getting even more challenging. In fact, HolonIQ recently reported that VC investment in EdTech is down 80% on Q1 2022 and down 83% from 2021’s record high.

So news that LMS365, a previously-bootstrapped Danish learning management system for corporates, has raised DKK 135 million ($20 million) is a real game changer (Link). LMS365 is the only platform with a MS Teams native solution and currently has over 1 million users. In 2022, the company’s ARR was DKK 135 million (USD 20 million) but the investment aims to accelerate that through international growth.

HolonIQ’s report also highlights that large incumbent players continue to acquire international assets. The latest Nordic example of this is the Keystone Education Group (HQ’d in Oslo) which has expanded its European reach through the acquisition of studddy, the German online student search and discovery business (Link). According to CEO Fredrik Högemark, the move improves Keystone’s “service as a provider of end-to-end enrollment generation solutions for the global market. “

The third major trend that’s been much in evidence in the last three weeks is the continued influence of government intervention in EdTech markets. Last week, the Norwegian government and KS unveiled a new strategy for digitization in kindergartens and schools (Link). Tonje Brenna, Minister of Education, confirmed that the plan will “strengthen the digital foundation in Norwegian education and increase the quality of the way we use technology.” A public overview of available digital teaching aids will also be conducted to make it easier for schools to purchase. A new committee will also help the government to better understand the impact of children's screen use (Link).

The Guidelines for digitization of education and training 2027 recently published by the Finnish Ministry of Education and Culture specifically prioritise the use of digital tools. The objectives are clear: “Finland wants to be a leading developer and user of sustainable digitalization in education, teaching and training.” Digitalization, the guidelines say, will support “equal opportunities for high-quality learning and skill development.”

In Sweden, the Swedish Edtech Industry has formally responded to Skolverket’s proposed digitalisation strategy. CEO Jannie Jeppesen argues that i) there must be equal access to digital learning resources and teaching aids in Swedish schools and ii) an investment in teachers' skills is also needed.

I was delighted to contribute to the Swedish Edtech Industry’s Annual report, which is being launched this Thursday (27 April). It will be run as a hybrid event and includes a great panel looking at themes around digital competence and skills. Sign up here.

And finally, it’s great to see Praktikal (Estonia) and Turing College (Lithuania) included in Sifted’s recent round-up of Baltic startups to watch.

If you’ve got a story that you’d like me to include in a future issue of this newsletter, please email hello@10digits.org, tag me on Twitter or LinkedIn or use #nordicedtech / #balticedtech.

Sharing this email with your network is also always much appreciated!

Many thanks, Jonathan

News from Denmark

Mattias Tesfaye, Denmark’s Minister of Education, has begun to draw up guidelines for the use of generative AI tools in Danish education. (Link)
MIT Technology Review reports that “Teachers in Denmark are using apps to audit their students’ moods.”
Suppliers on the SKI framework agreement for digital teaching aids do not believe it has increased competition as intended. (Link)
GoLearn launched a new Digital Classroom proposition giving their corporate customers access to new online courses with live teaching every week. (Link)
KMD’s CarbonKey product is gaining traction from education institutions looking to reduce their carbon footprint. (Link)
Bootstrapping, a Danish tech media outlet, names TopTutors as their startup of the week. (Link)

News from Estonia

If you’re going to Latitude59, check out this EdTech Lunch with Dr Barbara Kurshan on 25th April. (Link)
ALPA Kids received €75,000 from The Women TechEU programme to “take the company's technological development to a new level.” (Link)
Congrats to EdTech Estonia as its 50th member joins (Link). They are also co-organising the African Business Forum in Tallinn next month and are looking for more EdTechs, universities and stakeholders to get involved (Link).

News from Finland

The Finnish Ministry of Education launched a new portal to support the learning and teaching of Finnish and Swedish, the recognised national languages. (Link)
DigiOne, the nationwide digital learning platform, is accelerating the development of commercial EdTech services. (Link)
The deadline to join the next cohort at Helsinki EdTech Incubator is 30th April, so get your applications in now! Details here.
Lots of great insight here from Sari Hurme-Mehtälä, CEO at Kide, on building a global EdTech company from Finland. (Link)
Polar Hub, the digital curriculum dashboard for teaching from Polar Partners, is now available to customers outside Finland. (Link)
Positive Learning is expanding their new See the Good! proposition in Sweden. It aims to help educators to teach and assess Social and Emotional skills. (Link)

News from Iceland

Akademias launches 16 new courses to build key business and professional skills. (Link)
Learn more about Heiða Hreinsdóttir, the CEO Behind LearnCove’s innovative employee training solutions. (Link)

News from Latvia

A €11 million investment has been announced to provide laptops and computing equipment to low income and disadvantaged students. (Link)

News from Lithuania

New opportunity announced for teachers to develop their key digital skills. (Link)
Good to see plans coming together to create a “specialised, international” EdTech accelerator in Lithuania. (Link)
The edON Digital Skills Academy officially opens, offering training courses across a range of in-demand skills (Link). There’s more from Domas Janickas, edON Co-founder in last week’s Tech Philomaths newsletter.

News from Norway

Nearly 3 years after the new Norwegian curriculum was launched, 60% of grunnskoler still don’t have new, relevant learning materials. (Link)
Curipod has launched an AI Accelerator programme to support schools and districts “that want to be leaders in the AI transformation.” (Link)
Eduplaytion raised NOK 20 million to grow the business in Norway and to prepare for international expansion. (Link)
Kahoot! launch “Story” – a new mobile-first interactive storytelling format, aimed at driving improved engagement from corporate learners. (Link)
Ludenso confirmed a deal with Express Publishing that will transform their ELT students’ learning experience with AR-enriched books. (Link)
Simli’s new VR platform is live. It will help users practise challenging interpersonal situations at work, school or in their social life. (Link)
Skillup, whose VR training modules help deliver safer healthcare procedures, have joined Startup Wise Guys’ XR Acceleration Programme. This includes up to €100,000 in convertible investment. (Link)
Natalia Kucirkova of WiKIT AS and the University of Stavanger makes the case for prioritising evidence in “deciding which technologies we use, in which context and with which children.” (Link)

News from Sweden

Digiexam propose new safeguards to protect Sweden’s national tests from AI tools. (Link)
Dugga introduces a new AI-powered solution that helps educators create questions and tests. It was developed with Microsoft's Azure Cloud team. (Link)
ILT Education confirms the launch of Trovy, which will provide students in högstadiet and gymnasiet with levelled reading materials. (Link)
Grattis to Infomentor who have won the contract to develop a new learning platform for Stockholm’s grundskolor. (Link)
Great to see the impact that Magma Math is having in the US as this video from Sewanhaka Central High School District demonstrates. (Link)
In a significant move, NE are making their digital learning resources available as printed books for the first time. (Link)
Skolon announces that it has won a new procurement agreement with 5 new Norwegian municipalities. (Link)
New Skolverket research shows that students who are familiar with digital formats read just as well on a screen as on paper. (Link)
StudyBee and Ommej start a collaboration that aims to improve young people's mental health. (Link)