Edtech venture studio Entangled has been bought by Salesforce and Workday-backed Guild Education in an all-share deal sized above $80m.
Corporate-backed online education provider Guild Education acquired US-based venture studio and consulting firm Entangled Group in an all-share deal on Tuesday.
Founded in 2015, Entangled has built an education technology-focused venture studio model that combines investments with company incubation, prototyping and advisory services for startups covering areas such as recruitment and marketing.
The deal was sized at “upwards of $80m” according to Forbes, though insiders told EdSurge it was a $150m transaction that encompassed Entangled’s operating, consulting and venture studio…