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 2 Nov 2021, there are now 32 EdTech Unicorns around the world who have collectively raised over $21B of total funding in the last decade and are now collectively valued at $95B+.

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.