Newsela acquires HapYak, an interactive video platform specializing in customizable and engaging video experiences for education. The company also purchases part of Fluent City’s language-learning technology. These transactions mark Newsela’s first acquisitions, following a $100 million Series E funding round.
Newsela acquires a company to expand into interactive educational video content. The move targets YouTube, the third-most-used website in schools, as identified by CEO and co-founder Matthew Gross. Newsela aims to leverage this acquisition to enhance its existing K-12 learning platform with video-based lessons.
HapYak secures $850,000 in funding while achieving a valuation exceeding $3 million. The company specializes in creating social video mashups, combining user-generated content into dynamic video experiences. This round supports further development of its platform, which targets creators and brands seeking engaging multimedia tools.
