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Top related persons:
VCs - 2 Katelyn Donnelly - 2 Donnelly - 2 PitchBook - 1 Brian Dixon - 1 Dixon - 1 we've - 1 Numerade - 1
Top related locs:
edtech VCs
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Business - 1 Labs - 1 Kapor - 1 Partners - 1 Chingona Ventures - 1 TechCrunch - 1 Kapoor Capital - 1 Lirvana Labs - 1

Search resuls for: "Katelyn Donnelly"


5 mentions found


☆ AI is ushering edtech into a new era. Three investors share what they're most excited about in the space.
  + stars: | 2024-05-01 | by ( Samantha Stokes | ) www.businessinsider.com   time to read: +7 min
The past few years have been tough for edtech companies. In recent months, multiple edtech startups have raised fresh funding rounds while specifically touting AI as a core part of their business model. These deals could signal that AI is ushering in a new era for edtech companies, and VCs who invest in the space are excited about the renaissance. And Ednition, also one of Donnelly's portfolio companies, provides an infrastructure-as-a-service platform for other edtech companies to improve the data that goes into their AI models. That's why it's so important to invest in ed-tech AI startups that help people rethink how they interact with technology and learn new skills necessary to successfully enter the workforce, he said.
Persons: PitchBook, VCs, Brian Dixon, Dixon, we've, Numerade, Kapoor, Katelyn Donnelly, she's, I've, you'll, Donnelly, Avalance, OpenAI, we're, ChatGPT, Ryan Craig, Craig, edtech Organizations: Business, Labs, Kapor, Partners, Chingona Ventures, TechCrunch, Kapoor Capital, Lirvana Labs, Odyssey Education, University Ventures, ACT Locations: VCs, edtech
☆ The edtech startup funding slowdown may be hitting the 'bottom of the market'
  + stars: | 2023-08-08 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +4 min
Edtech venture capital funding in 2023 may be on pace for its lowest annual total since 2016. The one exception to this edtech funding dropoff is in AI tools for education and upskilling. This puts the estimated total funding for 2023 at only $3.5 billion, the lowest annual total since 2016, according to HolonIQ. Additionally, there has not been a single edtech "mega round," or a startup funding round valued at over $100 million since 2022, with the exception of the Indian edtech unicorn Byju's $250 million fundraise this spring. Pujji and Mushin also indicated that AI edtech deals were the exception in this slowdown period.
Persons: VCs, It's, Vinny Pujji, Iynna Halilou, Leeor Mushin, Avalanche's Katelyn Donnelly, Mushin, they've, Chegg's, Cheggmate, Khan, Pujji Organizations: Left Lane Capital, Global, Bloomberg, Investors
☆ Edtech startup VC funding has slowed to a crawl. The number of deals done so far this year has dropped more than 50% year-over-year.
  + stars: | 2023-06-01 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +3 min
The number of new funding deals so far this year is less than last year's Q1 total. The trend is in line with the larger VC funding slowdown in 2023, with the exception of AI deals. That's more than a 50% drop in the number of deals and total deal value from Q1 2022, which had 161 edtech venture deals totaling about $1.3 billion. Reach Capital recently raised a $215 million fund to fund both early and later stage edtech startups. Amid dismal funding for startups this year, the one bright spot has been for AI startups with some generative AI startups raising rounds well over $100 million.
Persons: That's, Katelyn Donnelly, Andressen Horowitz, Kira, Avalanche's Donnelly, there's, Donnelly, Sosnik Organizations: edtech, Reach Locations: edtech
☆ Edtech venture capital firm Reach Capital raises $215 million for its largest fund ever and has its sights set on backing more generative AI startups
  + stars: | 2023-04-10 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +4 min
Reach Capital has closed its fourth fund with $215 million to invest in education startups. The team is also looking to back more companies using generative AI in education, Reach Capital founding partner Esteban Sosnik told Insider. Near the end of 2022, edtech investing had just reached $8.89 billion in 2022, according to PitchBook. While generalist investors still have some interest in edtech deals, some of the hype has worn off. Reach has also backed several edtech startups that went on to become unicorns, or reach a valuation of over $1 billion, including Outschool, ClassDojo, and Handshake.
☆ Panic and recrimination: Inside Silicon Valley's first real financial crisis
  + stars: | 2023-03-16 | by ( Samantha Stokes | Ben Bergman | April Joyner | ) www.businessinsider.com   time to read: +21 min
Greg Becker, who was the longtime CEO of Silicon Valley Bank, pictured last year. "Looks like Silicon Valley Bank is in some deep shit," Uncommon Capital general partner Jamie Quint tweeted. Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse. Andreessen Horowitz announced this week that it will continue banking with Silicon Valley Bank "for the foreseeable future" but is crafting a longer-term plan to diversify. Even so, he added, "I think we'd be supportive, as they stabilize, for them to be one of many partners that our founders bank with."
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