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. Unicorns are ‘startups’, i.e they do not include post-exit, acquired or listed companies, nor do they include ‘mature’ incumbents. As of 10 June 2021, there are now 24 EdTech Unicorns around the world who have collectively raised over $16+ billion of total funding in the last decade and are now collectively valued at $72B+.

Zhangmen left the list in June 2021 via IPO, raising nearly $42 million at an implied $1.8 billion valuation.

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.

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

CompanyCountryClusterLast Round Date Last Round TypeValuation
YuanfudaoChinaTutoringDec 2020$300M Series G Top Up$15.5B
ByJu’sIndiaTutoringMar 2021$450M Series F$13.0B
ZuoyebangChinaTutoringDec 2020$1.6B Series E+$10.0B
VIPKidChinaLanguageSep 2019$150M VC/PE Round$4.5B
UdemyUnited StatesOnline Post Secondary/SkillsMar 2021Series F Top Up$3.3B
MasterclassUnited StatesUpskillingMay 2021$225M Series F$2.75B
DuolingoUnited StatesLanguageNov 2020$35M Series H$2.4B
KajabiUnited StatesLearning EnvironmentMay 2021$550M VC/PE Round$2.0B+
UnacademyIndiaTest PrepJan 2021$50M Top Up$2.0B
HandshakeUnited StatesCareer PlanningMay 2021$80M Series E$1.5B
DegreedUnited StatesUpskillingApr 2021$153M Series D$1.4B
ApplyBoardCanadaInternational RecruitmentSep 2020$55M Series C$1.4B
OutschoolUnited StatesAlternative LearningApr 2021$75M Series C$1.3B
Course HeroUnited StatesStudy NotesAug 2020$70M B+ Top Up$1.1B
UdacityUnited StatesOnline Post Secondary/SkillsNov 2020$75M Debt Round$1.1B
Guild EducationUnited StatesOnline Post Secondary/EmployersNov 2019$157M Series D$1.0B+
KnowboxChinaTutoringMay 2019$150M Series D$1.0B+
YunxuetangChinaCorporate LearningMar 2021$190M Series E$1.0B
NewselaUnited StatesEducation ResourcesFeb 2021$100M Series D$1.0B
QuizletUnited StatesStudy NotesMay 2020$30M Series C$1.0B
iTutorGroupChinaLanguageJul 2019Controlling Inv$1.0B
HuikeChinaOnline Post SecondaryMay 2018$200M Series D$1.0B
Age of LearningUnited StatesOnline CurriculumMay 2016$150M Series A$1.0B
HuJiangChinaOnline CurriculumOct 2015$157M Series D$1.0B

 

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