The Noodle Companies
The Noodle Companies is a group of four subsidiary education firms based in New York City.
Subsidiaries[edit]
The Noodle Companies are all designed to improve efficiency and transparency in the education market.[1]
As of 2017, The Noodle Companies had raised about $40 million from venture capitalists.[1]
The Noodle Companies are all based in New York City.[2]
Noodle.com[edit]
Noodle.com is the oldest of the four subsidiaries and was found in 2010. The company's website is a search tool for education-related services such as schools, private tutors, classes, counselors, etc. In 2016, Noodle.com had to cut staff in order to remain solvent[1]
Noodle Partners[edit]
Noodle Partners was formed in 2015. Noodle Partners works with colleges and universities to develop and operate online programs. Noodle Partners raised $3 million in its seed round. The seed round was led by Osage Venture Partners.[1] Noodle Partners outsources large portions of its services such as recruitment and curriculum development. Noodle Partners uses a fee-based pricing model instead of revenue sharing. Noodle Partners' outsourcing practices have been criticized for creating multiple points of failure.[3]
Clients[edit]
Pepperdine University's business school was a Noodle Partners client as of 2017.[1] Noodle Partners helped Pepperdine develop on online undergraduate degree in management. Pepperdine was Noodle Partners' first client.[3]
The company has collaborated with the Tulane University to create an online Master of Social Work degree program and Claremont Graduate University to introduce its first online master's degree programme.[4][5]
Noodle Markets[edit]
Noodle Markets helps primary and secondary schools manage their procurement programs.[1] Noodle Markets raised $4 million in its seed round of funding.[1]
Noodle Pros[edit]
Noodle Pros was founded in June 2016, It is an online directory of private tutors sorted by geography.[1]
Paycheck Protection Program[edit]
Despite having raised tens of millions of dollars in capital, Noodle Pros applied for and received a forgivable loan from the Paycheck Protection Program, which was designed for small businesses, with a value between $350,000 and $1 million.[6]
Management[edit]
John Katzman[edit]
John Katzman is best known as co-founder of The Princeton Review, which initially taught SAT preparation to high-school students in New York City.[7] He started the company in 1981 shortly after leaving college, then partnered with Adam Robinson to develop it, and served as the company's CEO until 2007.[8] He authored and coauthored a number of books for the company, including Cracking the SAT, a New York Times bestseller, and created products and services in several media.[9]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Wan, Tony (23 January 2017). "Noodle Companies Adds $5 Million Series A to Streamline K-20 Education Markets". EdSurge. EdSurge, Inc. Retrieved 24 July 2020.
- ↑ Montgomery, Blake (19 May 2016). "Noodle Slashes Editorial, Marketing Divisions Amid Slow Growth". EdSurge. EdSurge, Inc. Retrieved 24 July 2020.
- ↑ 3.0 3.1 McNeal, M. (12 October 2016). "Noodle Partners Goes After the $1.5 Billion Online Degree Market". EdSurge. EdSurge, Inc. Retrieved 24 July 2020.
- ↑ "Tulane to launch new online MSW program | Tulane News". news.tulane.edu. Retrieved 2018-03-26.
- ↑ "Claremont Graduate University Teams With Noodle Partners To Debut Three Online Master's Programs This Fall". Benzinga. Retrieved 2018-03-26.
- ↑ Wan, Tony (14 July 2020). "Dozens of Venture-Backed Startups Among Edtech Recipients of PPP Loans". EdSurge. EdSurge, Inc. Retrieved 24 July 2020.
- ↑ Robinson, Adam; Katzman, John; (Firm), Princeton Review (2011). Cracking the SAT. Random House. ISBN 9780375428296.
John katzman.
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- ↑ "Noodle Partners raises $4 million to help colleges deliver degrees online – TechCrunch". techcrunch.com. Retrieved 2018-04-11.
- ↑ "K-12 Dealmaking: Scientific Learning Makes Acquisition; Noodle Partners, Code.org Raise Funds - Market Brief". Market Brief. 2017-12-11. Retrieved 2018-04-11.
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