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.
New possibilities and ideas are helping to re-envision how international higher education might look post-COVID.
Coursera made its market debut on the New York Stock Exchange late March through an IPO and is now trading under the ticker symbol “COUR.” The company raised $520M and closed it’s first day of trading with a $5.9 billion market cap.
The Complete List of Global EdTech Unicorns