EdTech started the last decade with $500m of Venture Capital investments in 2010 and finished 14x higher at $7B in 2019. Through COVID, EdTech attracted $8.3B of VC through the first three quarters of 2020, setting the sector up for a record-setting full year.
Q1 included a giant $1B Yuanfudao round and $400M of ByJu’s funding. Q2 was slower with Zuoyebang closing $750m in last few days of the quarter. By Q3, ByJu’s had closed another $500m, Zhangmen $400m and VIPThink $200m.
$11B of VC and 11 years later, the funding evolution of the world’s 20 EdTech Unicorns is a sage reminder that EdTech is a long-game.
The first three-quarters of 2020 mark a global record for EdTech Venture Capital. Q4 boasts a strong pipeline with reasonable potential 2020 will top $10B of VC for the full year.
Physical and mental wellbeing in education is finally in the spotlight. Wellness from K12 to Workforce will grow at 25%+ CAGR through to 2025.