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 19 Oct 2021, there are now 33 EdTech Unicorns around the world who have collectively raised over $21B of total funding in the last decade and are now collectively valued at $98B+.

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.

CompanyCountryClusterLast Round Date Last Round TypeValuation
ByJu’sIndiaTutoringOct 2021$300M Series F$18B
YuanfudaoChinaTutoringDec 2020$300M Series G Top Up$15.5B
ZuoyebangChinaTutoringDec 2020$1.6B Series E+$10B
BetterUpUnited StatesCorporate LearningOct 2021$300M Series E$4.7B
VIPKidChinaLanguageSep 2019$150M VC/PE Round$4.5B
ArticulateUnited StatesCorporate LearningJuly 2021$1.5B Series A$3.75B
UnacademyIndiaTest PrepAug 2021$440M Series H$3.4B
UdemyUnited StatesOnline Post Secondary/SkillsMar 2021Series F Top Up$3.3B
Emeritus IndiaOnline Post SecondaryAug 2021$650M Series E $3.2B
ApplyBoardCanadaInternational RecruitmentJune 2021$300M Series D$3.2B
OutschoolUnited StatesAlternative LearningOct 2021$110M Series D$3B
Age of LearningUnited StatesOnline CurriculumJune 2021$300M Series C$3B
MasterclassUnited StatesUpskillingMay 2021$225M Series F$2.75B
KajabiUnited StatesLearning EnvironmentMay 2021$550M VC/PE Round$2.0B+
GoStudentAustriaTutoringJune 2021$244M Series C$1.7B
AndelaUnited StatesCorporate LearningSep 2021$200M Series E$1.5B
HandshakeUnited StatesCareer PlanningMay 2021$80M Series E$1.5B
DegreedUnited StatesUpskillingApr 2021$153M Series D$1.4B
upGradIndiaOnline Post SecondaryAug 2021$65M VC Top Up$1.2B
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+
VedantuIndiaTutoringSep 2021$100M Series E$1.0B
GoGuardianUnited StatesEducation ManagementAug 2021$200M PE Round$1.0B
Go1AustraliaCorporate LearningJuly 2021$244M VC Round$1.0B
JoyTunesIsraelSTEAMJun 2021$50M 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
HuJiangChinaOnline CurriculumOct 2015$157M Series D$1.0B

 

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