Thursday, February 25, 2021

Newsela, a SaaS platform for K-12 educational content, raises $100M Series D at a $1B valuation led by Franklin Templeton and TCV (Natasha Mascarenhas/TechCrunch)

Natasha Mascarenhas / TechCrunch:
Newsela, a SaaS platform for K-12 educational content, raises $100M Series D at a $1B valuation led by Franklin Templeton and TCV  —  Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital, and Owl Ventures, announced today that it has raised $100 million in a Series D round.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...