A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD. As of 6 May 2021, there are now 23 EdTech Unicorns around the world who have collectively raised over $15+ billion of total funding in the last decade and are now collectively valued at $68B+.
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.
Newsela joined the list in February 2021, raising a $100M Series D.
17zuoye left the list in December 2020 via IPO (NASDAQ:YQ), raising $290M and closing 2020 with a $2.4B Market Capitalization.
|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||Mar 2021||$450M Series F||$13.0B|
|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||Mar 2021||Series F Top Up||$3.3B|
|Duolingo||United States||Language||Nov 2020||$35M Series H||$2.4B|
|Unacademy||India||Test Prep||Jan 2021||$50M Top Up||$2.0B|
|Zhangmen||China||Tutoring||Oct 2020||$400M Series E||$2.0B+|
|Kajabi||United States||Learning Environment||May 2021||$550M VC/PE Round||$2.0B+|
|Degreed||United States||Upskilling||Apr 2021||$153M Series D||$1.4B|
|ApplyBoard||Canada||International Recruitment||Sep 2020||$55M Series C||$1.4B|
|Outschool||United States||Alternative Learning||Apr 2021||$75M Series C||$1.3B|
|Course Hero||United States||Study Notes||Aug 2020||$70M B+ Top Up||$1.1B|
|Yunxuetang||China||Corporate Learning||Mar 2021||$190M Series E||$1.0B|
|Newsela||United States||Education Resources||Feb 2021||$100M Series D||$1.0B|
|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|
The Complete List of Global EdTech Unicorns
Q1 delivered nearly $4B of Global EdTech Venture Capital, on track to meet the 2020 record of $16.1B. The US has already deployed $1B for 2021, challenging the $2.5B total for 2020. Strong starts all around the world.
The United States EdTech market has led a global wave to transform the way the world learns. Q1 2021 has seen a massive VC funding expansion in the US, already half of the 2020 funding total at the end of the first quarter.