Big data in education appeals to investors
28/01/2014
Diego Gutiérrez
Big data in education appeals to investors
Technologies for capturing and managing large volumes of data, known as big data, are being applied to a multitude of business sectors. One of these is the education sector, which has seen approximately $150M from early 2013 to date from 30 companies.

Parchment: to assert your educational credentials

During this same month of January 2014, Parchment has received $35M from
The Raine GroupGSV Capital, Deborah Quazzo, Novak Biddle Venture PartnersInternet Capital Group and Salmon River Capital, accumulating a total of $54M since its first round in 2011.

Más allá de proporcionar una operativa de bajo coste y eficaz en las transcripciones electrónicas, Parchment trabaja con los estudiantes y las instituciones de todo el mundo a poner en valor los datos sobre  las credenciales educativas – ayuda a las personas a recoger, promover y compartir sus credenciales de educación de forma sencilla y segura.

Bigdata for education still a long way to go

Despite the number of companies that have received funding to apply bigdata to the education sector, the outlook is very bright. "One sign of these good prospects is that 33% of the above-mentioned deals have been early stage and less than $1M deals. These companies can be expected to receive further rounds of funding in the coming years if they are able to demonstrate a good approach to the market" analyses Diego Gutierrez from Abra Invest.

An example of this is icreate which received a first round in February 2013. Icreate seeks to harness technology and the creative potential of existing students through intuitive, low-cost tools that increase retention and conceptual understanding in all content areas.

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