Over 400 EdTech organizations globally raised Venture Capital in 1H 2019, totalling $3.5B of capital. We saw 90 deals over $5m, almost on par with 1H18, led by familiar players like 🇨🇳Zhangmen ($350m), 🇨🇳DaDa ($255m), 🇨🇳Knowbox ($150mm), 🇨🇳Gaosi ($140m), 🇺🇸Coursera ($103m), 🇬🇧Futurelearn ($65m) and rumours that Qatar’s Sovereign Wealth Fund is about to invest in 🇮🇳Byju’s ($200m+).
EdTech VC investment in 2018 was absolutely unprecedented, almost double 2017 investment levels. However, 2019 EdTech VC investment is on track to challenge 2018 flows, sustaining a significant step-up over the prior period. We are estimating 2019 will reach $7.5B of VC subject to the timing of several mega deals in play and assuming China continues investing at pace.
EdTech VC has grown 32x since 2010, reaching a record $16.1B in 2020.
The Complete List of Global EdTech Unicorns
Nearly 20% of Global GDP is spent on Education and Healthcare. The pandemic marks a massive inflection point for these two precious and grossly under-appreciated engines of economic and social wellbeing.
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