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.
|Company||Country||Cluster||Unicorn Year||Last Round Date||Last Round Type||Valuation|
|ByJu’s||India||Tutoring||2017||Mar 2022||$800M PE Round||$22B|
|Yuanfudao||China||Tutoring||2017||Dec 2020||$300M Series G Top Up||$15.5B|
|Zuoyebang||China||Tutoring||2018||Dec 2020||$1.6B Series E+||$10B|
|BetterUp||United States||Corporate Learning||2021||Oct 2021||$300M Series E||$4.7B|
|VIPKid||China||Language||2016||Sep 2019||$150M VC/PE Round||$4.5B|
|Guild Education||United States||Online Post Secondary/Employers||2019||May 2021||$150M Series E||$3.8B|
|Articulate||United States||Corporate Learning||2021||July 2021||$1.5B Series A||$3.75B|
|Course Hero||United States||Study Notes||2020||Dec 2021||$380M Series C||$3.6B|
|Handshake||United States||Career Planning||2021||Jan 2022||$200M Series F||$3.5B|
|GoStudent||Austria||Tutoring||2021||Jan 2022||$340M Series D||$3.4B|
|Unacademy||India||Test Prep||2020||Aug 2021||$440M Series H||$3.4B|
|Emeritus||India||Online Post Secondary||2021||Mar 2022||$350M Debt Round||$3.2B|
|ApplyBoard||Canada||International Recruitment||2020||June 2021||$300M Series D||$3.2B|
|Outschool||United States||Alternative Learning||2021||Oct 2021||$110M Series D||$3B|
|Age of Learning||United States||Online Curriculum||2016||June 2021||$300M Series C||$3B|
|Masterclass||United States||Upskilling||2021||May 2021||$225M Series F||$2.75B|
|Kajabi||United States||Learning Environment||2021||May 2021||$550M VC/PE Round||$2.0B+|
|Andela||United States||Corporate Learning||2021||Sep 2021||$200M Series E||$1.5B|
|Degreed||United States||Upskilling||2021||Apr 2021||$153M Series D||$1.4B|
|upGrad||India||Online Post Secondary||2021||Aug 2021||$65M VC Top Up||$1.2B|
|Lead School||India||School Support||2022||Jan 2022||$100M Series E||$1.1B|
|Udacity||United States||Online Post Secondary/Skills||2015||Nov 2020||$75M Debt Round||$1.1B|
|Knowbox||China||Tutoring||2019||May 2019||$150M Series D||$1.0B+|
|Vedantu||India||Tutoring||2021||Sep 2021||$100M Series E||$1.0B|
|GoGuardian||United States||Education Management||2021||Aug 2021||$200M PE Round||$1.0B|
|Go1||Australia||Corporate Learning||2021||July 2021||$244M VC Round||$1.0B|
|JoyTunes||Israel||STEAM||2021||Jun 2021||$50M Series D||$1.0B|
|Yunxuetang||China||Corporate Learning||2021||Mar 2021||$190M Series E||$1.0B|
|Newsela||United States||Education Resources||2021||Feb 2021||$100M Series D||$1.0B|
|Quizlet||United States||Study Notes||2020||May 2020||$30M Series C||$1.0B|
|iTutorGroup||China||Language||2015||Jul 2019||Controlling Inv||$1.0B|
|Huike||China||Online Post Secondary||2018||May 2018||$200M Series D||$1.0B|
|HuJiang||China||Online Curriculum||2015||Oct 2015||$157M Series D||$1.0B|
66 healthcare funding rounds in excess of $100M, totalling $11.7B in ‘megarounds’ despite a rapidly cooling market
The Complete List of Global Impact Unicorns
$9.1B of Digital Health Venture Funding for Q1 2022, moderating a record-setting 2021. EU strong, US moderating, China collapsing