Pandemic-era growth and SPACs are helping edtech startups graduate early
https://techcrunch.com/2021/02/17/pandemic-era-growth-and-spacs-are-helping-edtech-startups-graduate-early/
Special purpose acquisition vehicles regained popularity in 2020 as an alternative way to take startups public, and now they are eyeing edtech companies.
So far, Skillsoft has gone public through Churchill Capital, and Nerdy, parent company of Varsity Tutors, did the same through a reverse merger with TPG Pace Tech Opportunities. On the investor side, Edify and Adit EdTech Acquisition are both separate, $200 million SPACs for education companies.
Pandemic-era growth and SPACs are helping edtech startups graduate early
Feb 17, 2021, 10:43pm UTC
https://techcrunch.com/2021/02/17/pandemic-era-growth-and-spacs-are-helping-edtech-startups-graduate-early/
> Special purpose acquisition vehicles regained popularity in 2020 as an alternative way to take startups public, and now they are eyeing edtech companies.
> So far, Skillsoft has gone public through Churchill Capital, and Nerdy, parent company of Varsity Tutors, did the same through a reverse merger with TPG Pace Tech Opportunities. On the investor side, Edify and Adit EdTech Acquisition are both separate, $200 million SPACs for education companies.