For an undisclosed price, Course Hero acquired Scribr, an academic proofreading and editing service. This is the latest Course Hero deal in a series of acquisitions that includes Cliffnotes, Litecharts, Quillbot and Symbolab, all made possible by a pair of funds that value the edtech platform at $1.1 billion.
Founded in 2012, Scribr has a worldwide network of 700 editors who provide a wide range of services from editing to annotations and clarity checks. The deal will certainly help Hero expand its footprint in Europe as Scribner is a company based in the Netherlands. Overall, Scribr is focusing on its 2021 acquisition of Course Hero Quillbot, an artificial intelligence tool that helps formulate grammar-like writing.
Course protagonist Andrew Grauer explained that their company’s mission is to create a Q&A platform with maximum specificity for students. It sells student subscriptions that provide access to all teaching and learning materials, including course-specific content created by teachers and publishers.
The startup aims to be subject-independent, which means it can engage students in any major they need advice on, whether it’s a specific grammar rule or a one-shot algebra question. In a way, this is like the future of education: students don’t have to piece together advice, and it’s even better if it’s on-demand help. Edtech companies that help the same students in different disciplines can also have frequent gaps in understanding. What if a company could tell a high school student that they are constantly stuck when it comes to suggestive questions?
However, the downside is hard to ignore. Just because a student wants to get into Course Hero for math help doesn’t mean they want to get into a Shakespeare synopsis reading company. This reality may be moving away from Kors Hero’s stated goal of making more useful products for customers.
Grauer responds to these concerns by saying that he does not intend to accelerate integration between new and different companies under the auspices of Course Hero.
Let’s start with a statement: “Let’s be decentralized, support entrepreneurship, and keep building these individual companies,” Grauer said. Will see more integration of different content, devices and services among offerings. Feedback suggests that Course Hero wants to take a back seat and play more of a platform role in the lives of these companies, rather than merging them and paying to buy more subscriptions. generate.
And for the founder, who founded the company in 2006 and most recently began using venture capital as leverage to grow his core business, it seems like every acquisition is worth it on its own. specific world. He says that’s not all, which means we’ll see what EdTech’s appetite will look like as it grows.
“We are a relatively more independent, autonomous brand company,” he said. “There are so many great opportunities for integrating each other’s technologies and services. And the question is how to put them together and prioritize them.”
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