🗣️ Voice-Based AI for Learning, K12 Stocks up + NYC Summit
Voice-based AI solutions are transforming education by offering personalized learning experiences with capabilities that range from language learning, accessing mentors to assisting educators in facilitating a more personalized learning experience.
Happy Monday 👋
Voice-based AI solutions increasingly offer personalized, interactive learning experiences, with capabilities that range from language learning and speech, accessing mentors to assisting educators in facilitating a more personalized learning experience.
This Week's Topics
🏫 Voice-Based AI. Innovating personalized learning experiences
📊 Chart Spotlight. New Zealand records the highest childcare-to-income ratio
📈 K12 Index. Up 12% over the last three months
🍎 'Back to School' Summit. 10-11 Sept New York City
📈 K12 Digital Transformation Survey. The survey closes this week
📖 Annual Education Outlook. 180+ pages of trends, insight, and data
💰 Education Deals of the Week. Funding and M&A
Don't forget to check out the 2024 Global Education Outlook and sign up for our new Daily Newsletters, Chart of the Day and Impact Capital Markets. For unlimited access to over one million charts, request a demo.
🗣️ Voice-Based AI Landscape
Voice-based AI is reshaping education by offering personalized learning experiences. Online tutoring platforms with AI tutors provide real-time feedback and cater to individual learning styles and language learning apps with voice recognition improve pronunciation and conversation skills through interactive exercises. Beyond personalization, voice-based AI impacts the broader educational ecosystem with academic support tools utilizing AI to create interactive learning, delivering real-time student data to teachers, and personalizing instruction. These tools empower educators to tailor approaches and create engaging classrooms. For students with disabilities, voice-based AI offers personalized learning through interactive guidance and resources.
Educational institutions are also streamlining administrative tasks with virtual assistants and chatbots handling scheduling, enrollment, and student inquiries. Technology giants are developing powerful voice-based AI tools and services, enhancing accessibility, convenience, and productivity for both learners and educators. Voice-based AI is being integrated into career development platforms, offering students personalized guidance, job matching, and access to AI mentors. The impact of voice-based AI goes beyond delivery, with content creation platforms allowing educators to personalize and tailor educational materials.
🗣️ Voice-Based AI - Market Map
📊 Charts Spotlight - New Zealand Records the Highest Childcare-to-Income Ratio
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Child care as a portion of the total household income among the OECD countries is higher in New Zealand, Switzerland, and the US. In response to this ratio, the New Zealand government will implement a tax rebate system on childcare costs beginning in July 2024. However, other countries that have long-held tax rebate systems on childcare costs are considering removing this system. Direct cash to parents will not reduce the costs without a revision of price levels associated with childcare.
📈 Capital Markets - K12 Stock Index Up 12%
HolonIQ tracks hundreds of listed education companies worldwide, as well as acquisitions and investment transactions. Our Impact Capital Markets newsletter tracks over 60 impact stock indices, including climate tech, emerging economies, and over 50 indices tracking healthcare innovation and education technology. Subscribe to Impact Capital Markets for data-driven insights on capital powering impact.
HolonIQ's K12 index has experienced modest growth over the past three months, registering a 10% increase, despite a mixed performance among major stocks in the index. New Oriental Education & Tech Grp ($14B MCap), TAL Education Group ($7B MCap) showed growth of 16%, 4% returns, and Roblox Corp. ($23B MCap) returns have fallen by 5% in the same period.
The K12 Index has seen 40% growth in the past 6 months through supportive government policies and investments. PowerSchool displayed impressive revenue growth in 2023, and acquired Allovue, a US-based K12 platform. Stride experienced similar growth driven by the school choice movement in the US. Nerdy's Varsity Tutors has entered contracts with close to 200 school districts and has achieved a revenue growth of 32% year-over-year in 2023. The momentum is anticipated to continue in the future as governments globally integrate AI and digital solutions to improve outcomes for K12 students. However, there are some concerns about the space. Outlined earlier in the year, China's Ministry of Education is seeking to implement the first national regulatory framework for the after-school tutoring industry. Further regulatory barriers will impact industry performance, though they are likely to be less severe than the restrictions imposed on tutoring organizations in 2021.
🍎 'Back to School' Summit 10-11 Sept NYC
Registration for our flagship Back to School Summit in New York, September 10-11, is now open. This year, we're bringing over 500 global education leaders together for three incredible tracks: Higher Education and Workforce, Foundation and Philanthropy, and Technology and Finance.
👩🏽🏫 K12 Digital Transformation Survey
Education leaders are sharing that teacher retention, digital adoption, transformation, and preparing learners for the future are top challenges for K12 this year—which will prove to come out on top.
Please share your thoughts and take HolonIQ's second annual K12 Digital Transformation Survey. The survey closes soon!
📖 2024 Global Education Outlook
HolonIQ's annual analysis of the global education economy offers over 180 pages of in-depth insights on market data, investments, strategic shifts, and trends in education. Download the extract or purchase the full report.
💰 Education Deals of the Week
HolonIQ actively monitors and tracks capital flow in the Education market, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to see the top deals daily.
Funding
🔍 Veremark, a UK-based international background screening platform, has secured $3M to assist its screening technology’s growth and ongoing client acquisition.
🖥️ Ednition, an “infrastructure-as-a-service” platform for K-12 EdTech providers, has secured $1.3M in an Angel round.
🔲 Huzzle, a platform for students to find jobs, has secured $2M in a pre-seed funding round to transform the early careers space.
M&A
🧑💻 Basis Vectors Capital, a private equity firm focused on vertical SaaS, acquired Cadient Talent, a talent acquisition solutions provider, to expand their portfolio of SaaS solutions and to expand Cadient’s growth.
💼 LEORON Institute, a corporate training EdTech company, acquired UAE-based XpertLearning to expand their market expansion in the MENA region.
💻 GenSpark, a tech training and development solutions provider, acquired ProGrad, an Indian end-to-end sourcing, screening, and training solutions provider, to broaden their service offerings in the APAC and Indian markets.
Thank you for reading. Have a great week ahead!
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