Bertelsmann announced that it has combined its education activities into a separate business unit, Bertelsmann Education Group. Kay Krafft leads the unit as CEO, Jarek Gabor serves as CFO.
The leading German private tutoring company Studienkreis announced that it has acquired the website and technology of Tutoria, an online portal for private tutoring launched by publisher Holtzbrinck in 2007.
Berlin-based educational video platform sofatutor launched a new product line that will be available at Thalia bookstores across Germany. According to founder and CEO Stephan Bayer, sofatutor aims to reach new audiences at a location where they are already looking for educational content.
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Berlin-based language learning company Babbel announced that it closed a $22 million Series C, led by Scottish Equity Partners (SEP) with participation from existing investors Reed Elsevier Ventures, Nokia Growth Partners (NGP), and VC Fonds Technology Berlin, managed by IBB Bet.