A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD. As of 3 January 2021, there are now 19 EdTech Unicorns around the world who have collectively raised over $13.7 billion of total funding in the last decade and are now collectively valued at $64B+.
17zuoye left the list in December 2020 via IPO (NASDAQ:YQ), raising $290M and closing 2020 with a $2.4B Market Capitalization. Q4 saw further raising by a number of Unicorns.
|Company||Country||Cluster||Last Round Date||Last Round Type||Valuation|
|Yuanfudao||China||Tutoring||Dec 2020||$300M Series G Top Up||$15.5B|
|ByJu’s||India||Tutoring||Nov 2020||$200M PE Round||$12.0B|
|Zuoyebang||China||Tutoring||Dec 2020||$1.6B Series E+||$10.0B|
|VIPKid||China||Language||Sep 2019||$150M VC/PE Round||$4.5B|
|Udemy||United States||Online Post Secondary/Skills||Nov 2020||$50M Series F||$3.3B|
|Coursera||United States||Online Post Secondary/Skills||Jul 2020||$130M Series F||$2.5B|
|Duolingo||United States||Language||Nov 2020||$35M Series H||$2.4B|
|Unacademy||India||Test Prep||Nov 2020||$80M VC||$2.0B|
|Zhangmen||China||Tutoring||Oct 2020||$400M Series E||$2.0B+|
|ApplyBoard||Canada||International Recruitment||Sep 2020||$55M Series C||$1.4B|
|Course Hero||United States||Study Notes||Aug 2020||$70M B+ Top Up||$1.1B|
|Quizlet||United States||Study Notes||May 2020||$30M Series C||$1.0B|
|Guild Education||United States||Online Post Secondary/Employers||Nov 2019||$157M Series D||$1.0B+|
|Knowbox||China||Tutoring||May 2019||$150M Series D||$1.0B+|
|Udacity||United States||Online Post Secondary/Skills||Nov 2020||$75M Debt Round||$1.1B|
|iTutorGroup||China||Language||Jul 2019||Controlling Inv||$1.0B|
|Huike||China||Online Post Secondary||May 2018||$200M Series D||$1.0B|
|Age of Learning||United States||Online Curriculum||May 2016||$150M Series A||$1.0B|
|HuJiang||China||Online Curriculum||Oct 2015||$157M Series D||$1.0B|
EdTech VC has grown 32x since 2010, reaching a record $16.1B in 2020.
The Complete List of Global EdTech Unicorns
Nearly 20% of Global GDP is spent on Education and Healthcare. The pandemic marks a massive inflection point for these two precious and grossly under-appreciated engines of economic and social wellbeing.