Asteria Education
Company dedicated to the next generation of learning and education K through 20.
| Date | Investors | Amount | Round |
|---|---|---|---|
$4.0m | Seed | ||
| Total Funding | 000k | ||
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Asteria Education, Inc. operates as a holding company in the educational technology sector, focusing on the K-12 market through strategic acquisitions. The company was established by David Cumberbatch, an investor with over two decades of experience in the education technology space, including executive roles at notable companies like ACT and K12 Inc. Asteria Education was specifically formed to acquire ECS Learning Systems, a prominent Texas-based publisher of test-preparation materials.
The company's primary business involves acquiring and integrating companies that provide educational materials and software. Its core strategy centers on creating blended-learning solutions for the K-12 market. A significant milestone was the acquisition of ECS Learning Systems in January 2018, a deal financed with a $4 million loan arranged by Business Capital. This was followed by the acquisition of Miami-based PREPWORKS, a developer of online test-prep and curricula materials, in June 2018. Asteria's plan was to merge PREPWORKS with ECS Learning Systems to enhance its blended-learning offerings.
The products under Asteria's umbrella, through its acquired companies, include a wide range of test-preparation materials and software. These resources cover subjects such as reading, writing, mathematics, and science. The offerings consist of activity books, workbooks, and practice tests available in both digital and print formats. The acquisition of ECS Learning Systems gave Asteria a strong foothold in the Texas market, where ECS served over 500 school districts with materials for state-specific examinations like the Texas Assessments of Academic Readiness (STARR). The company also produces materials for Common Core State Standards (CCSS) used in 37 other states.
Keywords: K-12 education, test preparation, blended learning, educational technology, edtech acquisitions, curriculum development, state standards, CCSS, STARR test, supplemental education, digital learning materials, educational publishing, student assessment, academic support, K-12 curriculum