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.
|Company||Country||Cluster||Last Round Date||Last Round Type||Valuation|
|ByJu’s||India||Tutoring||Oct 2021||$300M Series F||$18B|
|Yuanfudao||China||Tutoring||Dec 2020||$300M Series G Top Up||$15.5B|
|Zuoyebang||China||Tutoring||Dec 2020||$1.6B Series E+||$10B|
|BetterUp||United States||Corporate Learning||Oct 2021||$300M Series E||$4.7B|
|VIPKid||China||Language||Sep 2019||$150M VC/PE Round||$4.5B|
|Articulate||United States||Corporate Learning||July 2021||$1.5B Series A||$3.75B|
|Unacademy||India||Test Prep||Aug 2021||$440M Series H||$3.4B|
|Udemy||United States||Online Post Secondary/Skills||Mar 2021||Series F Top Up||$3.3B|
|Emeritus||India||Online Post Secondary||Aug 2021||$650M Series E||$3.2B|
|ApplyBoard||Canada||International Recruitment||June 2021||$300M Series D||$3.2B|
|Outschool||United States||Alternative Learning||Oct 2021||$110M Series D||$3B|
|Age of Learning||United States||Online Curriculum||June 2021||$300M Series C||$3B|
|Masterclass||United States||Upskilling||May 2021||$225M Series F||$2.75B|
|Kajabi||United States||Learning Environment||May 2021||$550M VC/PE Round||$2.0B+|
|GoStudent||Austria||Tutoring||June 2021||$244M Series C||$1.7B|
|Andela||United States||Corporate Learning||Sep 2021||$200M Series E||$1.5B|
|Handshake||United States||Career Planning||May 2021||$80M Series E||$1.5B|
|Degreed||United States||Upskilling||Apr 2021||$153M Series D||$1.4B|
|upGrad||India||Online Post Secondary||Aug 2021||$65M VC Top Up||$1.2B|
|Course Hero||United States||Study Notes||Aug 2020||$70M B+ Top Up||$1.1B|
|Udacity||United States||Online Post Secondary/Skills||Nov 2020||$75M Debt Round||$1.1B|
|Guild Education||United States||Online Post Secondary/Employers||Nov 2019||$157M Series D||$1.0B+|
|Knowbox||China||Tutoring||May 2019||$150M Series D||$1.0B+|
|Vedantu||India||Tutoring||Sep 2021||$100M Series E||$1.0B|
|GoGuardian||United States||Education Management||Aug 2021||$200M PE Round||$1.0B|
|Go1||Australia||Corporate Learning||July 2021||$244M VC Round||$1.0B|
|JoyTunes||Israel||STEAM||Jun 2021||$50M Series D||$1.0B|
|Yunxuetang||China||Corporate Learning||Mar 2021||$190M Series E||$1.0B|
|Newsela||United States||Education Resources||Feb 2021||$100M Series D||$1.0B|
|Quizlet||United States||Study Notes||May 2020||$30M Series C||$1.0B|
|iTutorGroup||China||Language||Jul 2019||Controlling Inv||$1.0B|
|Huike||China||Online Post Secondary||May 2018||$200M Series D||$1.0B|
|HuJiang||China||Online Curriculum||Oct 2015||$157M Series D||$1.0B|
The Complete List of Global EdTech Unicorns
The Complete List of Global Climate Tech Unicorns
The Complete List of Global HealthTech Unicorns