Global EdTech Unicorns

The complete list of Global EdTech Unicorns

Global EdTech Unicorns

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 29 July 2022, there are now 36 EdTech Unicorns around the world who have collectively raised over $30B of total funding in the last decade and are now collectively valued at $105B+.

‍Recent EdTech Unicorn Developments

ClassDojo joined the list in Jul 2022, raising a $125M Series D.

Multiverse joined the list in Jun 2022, raising a $220M Series D.

Physics Wallah joined the list in Jun 2022, raising a $100M Series A.

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.

The Complete list of Global EdTech Unicorns

Company

Country

Cluster

Unicorn Year

Last Round

Type

Valuation

India

Tutoring

2017

Oct 2022

$250M Funding Round

$22B

China

Tutoring

2017

Dec 2020

$300M Series G Top Up

$15.5B

China

Tutoring

2018

Dec 2020

$1.6B Series E+

$10B

United States

Corporate Learning

2021

Oct 2021

$300M Series E

$4.7B

China

Language

2016

Sep 2019

$150M VC/PE Round

$4.5B

United States

Online Post Secondary/Employers

2019

Jun 2022

$175M Series F

$4.4B

United States

Corporate Learning

2021

July 2021

$1.5B Series A

$3.75B

United States

Study Notes

2020

Dec 2021

$380M Series C

$3.6B

United States

Career Planning

2021

Jan 2022

$200M Series F

$3.5B

Austria

Tutoring

2021

Jan 2022

$340M Series D

$3.4B

India

Test Prep

2020

Aug 2021

$440M Series H

$3.4B

India

Online Post Secondary

2021

Mar 2022

$350M Debt Round

$3.2B

Canada

International Recruitment

2020

June 2021

$300M Series D

$3.2B

United States

Alternative Learning

2021

Oct 2021

$110M Series D

$3B

United States

Online Curriculum

2016

June 2021

$300M Series C

$3B

United States

Upskilling

2021

May 2021

$225M Series F

$2.75B

India

Online Post Secondary

2021

Aug 2022

$210M VC Round

$2.25B

United States

Learning Environment

2021

May 2021

$550M VC/PE Round

$2B+

Australia

Corporate Learning

2021

Jun 2022

$100M VC Round

$2B

United Kingdom

Corporate Learning

2022

Jun 2022

$220M Series D

$1.7B

United States

Corporate Learning

2021

Sep 2021

$200M Series E

$1.5B

United States

Upskilling

2021

Apr 2021

$153M Series D

$1.4B

United States

Education Management

2022

Jul 2022

$125M Series D

$1.25B

India

Tutoring

2022

Jun 2022

$100M Series A

$1.1B

India

School Support

2022

Jan 2022

$100M Series E

$1.1B

United States

Online Post Secondary/Skills

2015

Nov 2020

$75M Debt Round

$1.1B

China

Tutoring

2019

May 2019

$150M Series D

$1B+

India

Tutoring

2021

Sep 2021

$100M Series E

$1B

United States

Education Management

2021

Aug 2021

$200M PE Round

$1B

Israel

STEAM

2021

Jun 2021

$50M Series D

$1B

China

Corporate Learning

2021

Mar 2021

$190M Series E

$1B

United States

Education Resources

2021

Feb 2021

$100M Series D

$1B

United States

Study Notes

2020

May 2020

$30M Series C

$1B

China

Language

2015

Jul 2019

Controlling Inv

$1B

China

Online Post Secondary

2018

May 2018

$200M Series D

$1B

China

Online Curriculum

2015

Oct 2015

$157M Series D

$1B

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