$8.3B Global EdTech Venture Capital after Q3 2020
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.
8 October 2020
Venture Capital has been fueling global growth in EdTech and 2020 will likely see more than $10B back the sector. The first three quarters have already seen a record $8.3B of VC investment. China retains the lead, and perhaps momentarily thanks to ByJu's, India takes second place ahead of the US. These three markets alone make up 90% of total global edtech investment.
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.
$5.1B of the $8.3B was invested in 23 Mega Rounds (> $100M). This is approximately half of all EdTech mega-rounds in the prior five years.
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.
Request a Demo
HolonIQ is the world’s smartest source of education intelligence to power decisions that matter. Our Global Education Market Intelligence Platform provides deep insights and data about the themes and teams supporting the future of education.
Recent Research
$16.1B of Global EdTech Venture Capital in 2020
5 January 2021.EdTech VC has grown 32x since 2010, reaching a record $16.1B in 2020.
The Complete List of Global Impact SPACs – Special Purpose Acquisition Companies
5 January 2021.The complete list of SPACs targeting companies working to build a more inclusive and sustainable future.
The Complete List of Global EdTech Unicorns
2 January 2021.The Complete List of Global EdTech Unicorns
Digital Capability in Higher Education. Initial Global Insights
18 December 2020.312 University Leaders and Industry Executives from 30 countries shared their initial insights about digital capability in higher education, painting a global picture of current performance, gaps and priorities.