The world’s 20 EdTech Unicorns have now collectively raised over $11B of funding, nearly one third of all EdTech venture capital over the last 10 years. In 2020 alone, six new Unicorns have been added to this list.
EdTech was massive before COVID and we won’t see the true long term impact of the sudden and massive shifts we are experiencing for some time to come. For now and in the moment, it certainly feels like a ‘great acceleration’ as we noted in our Q3 2020 Venture Capital Snapshot.
It’s important in times like now however to zoom out and put the month to month madness into perspective. The chart below for example shows the world’s 20 EdTech Unicorns grouped from top to bottom into India, China and the US (excepting ApplyBoard from Canada). Left to right is a bubble for each funding round each of those companies has disclosed over time. The size of the bubble representing the size of the funding round from early seed stages to Yuanfudao’s $1B round earlier this year.