The Success of the Edtech Startup Company Nearpod
According to Crunchbase, the approach has led the edtech startup to some remarkable success — garnering $30 million in startup company funding over its short life.
“We [Renaissance] were looking to connect more with lesson delivery and teacher engagement in the classroom and Nearpod has done that in an exceptional way,” he said.
Changes in the Nearpod Startup Business
Among other changes Nearpod has been through is bringing on Pep Carrera to lead the edtech business as its chief executive officer. He said that it has been a turbulent last 12 months for the company, with Carrera forced to shut down the startup company offices because of COVID-19.
“My first day on the job, I’m driving to the office [near Dania Beach] and talking to the management team on the phone, and we decided that we needed to close the office due to the pandemic,” the edtech startup business leader told TechCrunch. “This was in March.”
It turns out he made the right decision. Nearly every in-person workplace shut its doors around the start of the pandemic back in February and March.
But the pandemic, despite shutting Nearpod’s doors for a time, has also underscored the importance of an edtech startup company like Nearpod. One would be hard-pressed to find a student across America that has not had to do any remote work through an edtech business, and it’s becoming increasingly clear that edtech will become a fixture of the American schooling system for some time.
A Look at the Numbers
The numbers reflect this. The edtech business is anticipated to hit a valuation of $285.2 billion by 2027, growing at a compounded annual rate of 18.1%.
18.1% is a stellar number for any business and spells a profitable future for edtech startup company Nearpod and its new parent, Renaissance.
About the Author
Elijah Labby is a graduate of the National Journalism Center. He has previously written for Broadband Breakfast, a technology and internet policy website.