Business
ProBility Media Corp. Acquires Upstryve Inc., the Global Leader in Online Tutoring for the Vocational Industry
ProBility Media Corp. Acquires Upstryve Inc., the Global Leader in Online Tutoring for the Vocational Industry.
About this update from Probility Media Corp.
[{"type":"text","content":"\n\n\n\nProBility Media Corp. Acquires Upstryve Inc., the Global Leader in Online Tutoring for the Vocational Industry\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nProBility Media Corp. Acquires Upstryve Inc., the Global Leader in Online Tutoring for the Vocational Industry\nPR Newswire\nCOCONUT CREEK, Fla., Aug. 31, 2021\n\n\n\nCOCONUT CREEK, Fla., Aug. 31, 2021 /PRNewswire/ - ProBility Media Corp. (\"ProBility\" or the \"Company\") (OTCPK: PBYA), an education company building the first online full-service training and career advancement brand for the skilled trades, has completed the acquisition of Upstryve Inc. (\"Upstryve\"), a leader in online tutoring for vocational education, in an all-stock transaction. \nUpstryve is positioned to be the first mover in the online tutoring and vocational education space and is believed to be the only nationwide online tutoring marketplace specifically servicing the industrial trade industry. Upstryve offers an end-to-end solution for vocational career education and advancement and services both aspiring trade professionals, corporations, and organizations as a corporate training platform. \nThe Company plans to change its name to Upstryve Inc. The capital markets commitment to various online education learning and tutoring platforms post Covid has positioned the Company as an up-and-coming player in this market, one that offers a unique approach to individual and enterprise opportunities in an industry with a severe shortage of skilled labor in the coming decade. \nThe online tutoring market for outside investment has grown significantly since Covid-19 forced a change to the delivery of education a test preparation. Recent investments in online tutoring platforms include GoStudent raising $244 in a Series C round valuing the company at $1.7 billion. In February 2021, Newsela raised $100 million for its replacement of textbook platform backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures.  The Series D round put their valuation over $1 billion.  Nerdy and Skillsoft, two education-technology (\"ed...