Friday, May 3, 2019

FutureLearn takes $65M from Seek Group for 50% stake in UK online degree platform - Natasha Lomas, Tech Crunch

Edtech and recruitment continue to converge. London-based online degree platform, FutureLearn, is taking £50 million (~$64.6M) from Australian-based online job matching group, Seek, in exchange for a 50 per cent stake in the business — just days after the same group led a massive Series E in U.S. online learning giant Coursera. U.K. distance learning veteran, the Open University — which had wholly owned the FutureLearn platform up til now — retains a 50 per cent stake in the business following the Seek Group investment. https://techcrunch.com/2019/04/29/futurelearn-takes-65m-from-seek-group-for-50-stake-in-uk-online-degree-platform/