Global EdTech Unicorns

The Complete List of Global EdTech Unicorns

Black Unicorn made out of triangles

Global EdTech Unicorns

A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD priced via a venture funding round. Unicorns are ‘startups’, i.e they do not include post-exit, acquired or listed companies, nor do they include ‘mature’ incumbents. As of 26 Apr 2022, there are now 33 EdTech Unicorns around the world who have collectively raised over $28B of total funding in the last decade and are now collectively valued at $100B+.

Lead School joined the list in Jan 2022, raising a $100M Series E.

Udemy left the list in Oct 2021 via IPO, raising $421M with a $3.7B market cap.

Andela joined the list in September 2021, raising a $200M Series E.

Vedantu joined the list in September 2021, raising a $100M Series E.

Emeritus joined the list in August 2021, raising a $650M Series E.

upGrad joined the list in August 2021, raising a $65M VC Round.

GoGuardian joined the list in August 2021, raising a $200M PE Round.

Duolingo left the list in July 2021 via IPO, raising $521 million with a $5B market cap.

Articulate joined the list in July 2021, raising a $1.5B Series A.

GoStudent joined the list in June 2021, raising a $244M Series C.

Go1 joined the list in July 2021, raising a $244M VC Round.

JoyTunes joined the list in June 2021, raising a $50M Series D.

Zhangmen left the list in June 2021 via IPO, raising nearly $42 million with a $2B market cap.

Masterclass joined the list in May 2021, raising a $225M Series F.

Handshake joined the list in May 2021, raising a $80M Series E.

Outschool joined the list in April 2021, raising a $75M Series C.

Degreed joined the list in April 2021, raising a $153M Series D.

Coursera left the list in March 2021 via IPO, raising nearly $520 million at an implied $4.3 billion valuation and closing the day up 36%, giving Coursera a market cap of $5.9 billion at the end of its first day of trading.

Yunxuetang (云学堂) joined the list in March 2021, raising a $190M Series E.

BetterUp joined the list in February 2021, raising a $125M Series D.

Newsela joined the list in February 2021, raising a $100M Series D.

CompanyCountryClusterUnicorn YearLast Round Date Last Round TypeValuation
ByJu’sIndiaTutoring2017Mar 2022$800M PE Round$22B
YuanfudaoChinaTutoring2017Dec 2020$300M Series G Top Up$15.5B
ZuoyebangChinaTutoring2018Dec 2020$1.6B Series E+$10B
BetterUpUnited StatesCorporate Learning2021Oct 2021$300M Series E$4.7B
VIPKidChinaLanguage2016Sep 2019$150M VC/PE Round$4.5B
Guild EducationUnited StatesOnline Post Secondary/Employers2019May 2021$150M Series E$3.8B
ArticulateUnited StatesCorporate Learning2021July 2021$1.5B Series A$3.75B
Course HeroUnited StatesStudy Notes2020Dec 2021$380M Series C$3.6B
HandshakeUnited StatesCareer Planning2021Jan 2022$200M Series F$3.5B
GoStudentAustriaTutoring2021Jan 2022$340M Series D$3.4B
UnacademyIndiaTest Prep2020Aug 2021$440M Series H$3.4B
Emeritus IndiaOnline Post Secondary2021Mar 2022$350M Debt Round $3.2B
ApplyBoardCanadaInternational Recruitment2020June 2021$300M Series D$3.2B
OutschoolUnited StatesAlternative Learning2021Oct 2021$110M Series D$3B
Age of LearningUnited StatesOnline Curriculum2016June 2021$300M Series C$3B
MasterclassUnited StatesUpskilling2021May 2021$225M Series F$2.75B
KajabiUnited StatesLearning Environment2021May 2021$550M VC/PE Round$2.0B+
AndelaUnited StatesCorporate Learning2021Sep 2021$200M Series E$1.5B
DegreedUnited StatesUpskilling2021Apr 2021$153M Series D$1.4B
upGradIndiaOnline Post Secondary2021Aug 2021$65M VC Top Up$1.2B
Lead SchoolIndiaSchool Support2022Jan 2022$100M Series E$1.1B
UdacityUnited StatesOnline Post Secondary/Skills2015Nov 2020$75M Debt Round$1.1B
KnowboxChinaTutoring2019May 2019$150M Series D$1.0B+
VedantuIndiaTutoring2021Sep 2021$100M Series E$1.0B
GoGuardianUnited StatesEducation Management2021Aug 2021$200M PE Round$1.0B
Go1AustraliaCorporate Learning2021July 2021$244M VC Round$1.0B
JoyTunesIsraelSTEAM2021Jun 2021$50M Series D$1.0B
YunxuetangChinaCorporate Learning2021Mar 2021$190M Series E$1.0B
NewselaUnited StatesEducation Resources2021Feb 2021$100M Series D$1.0B
QuizletUnited StatesStudy Notes2020May 2020$30M Series C$1.0B
iTutorGroupChinaLanguage2015Jul 2019Controlling Inv$1.0B
HuikeChinaOnline Post Secondary2018May 2018$200M Series D$1.0B
HuJiangChinaOnline Curriculum2015Oct 2015$157M Series D$1.0B

 

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