Luvo – When a Well-Funded EdTech Startup gets Boarded-Up

If an edtech startup disappears and nobody notices, did it ever exist? Luvo, formerly Flashnotes, seems to have gone into hibernation, or possibly full shutdown. When you are  visiting the website these days, all you see is a wooden texture and a “Thank you from Luvo” note in the browser tab.

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Boston-based Luvo was (or still is) a well-funded edtech startup in the class notes marketplace vertical. The startup made early headlines as Flashnotes.com when it gobbled up smaller competitors and eventually raised over $14 million in venture capital, including investment from Cengage Learning and Barnes & Noble College.

We have covered Flashnotes / Luvo over the years, and it appeared to be a decent business model - that is when you ignore the general controversy around selling class notes on online marketplaces like Flashnotes and others.

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