L Squared Capital Partners has purchased Learners Edge, a higher education technology company designed for teaching kindergarten through 12th grade, from Stone-Goff Partners for an undisclosed amount.
Lakeville, Minnesota-based Learners Edge was founded in 2002 by two middle school teachers, Joe Cotter and Kyle Pederson. The target received an investment from New York-based Stone-Goff in 2013. Stone-Goff’s investment alongside the co-founders was used for “reaching more teachers and developing proprietary online content.” Learners Edge’s technology gives educators the ability to advance classroom skills at a distance, with access to more than 80 graduate-level courses. Learners Edge is currently partnered with institutions such as Marygrove College, Pacific Lutheran University, Aurora University and Wayne State College.