Applications for the 2022 Global EdTech 1000 are now open and will close 31 July 2022. Regional lists will be announced at our Global Summits around the world, September to November 2022. You can also check out the 30 individual impact maps for the 2021 Global EdTech 1000, Global Climate Tech 1000 and Global Digital Health 1000.
The purpose of the Global EdTech 1000 is to identify the most promising, young, fast-growing and innovative learning and upskilling startups in each major region of the world. To be eligible, startups must be less than 10 years old, are headquartered in the region in question, or predominantly focused on that market (e.g. > 80% revenue/customers). They must also be ‘startups’ (‘pre-exit’, i.e. not acquired, a subsidiary or listed) and not controlled by an investor group (e.g. via private equity buyout or controlling investment).
The HolonIQ Education Intelligence Unit and select market experts assess each organization based on HolonIQ’s startup scoring rubric, which in brief covers the following dimensions:
Market. The quality and relative attractiveness of the specific market category in which the company competes.
Product. The quality, uniqueness and impact of the product itself.
Team. The expertise and diversity of the leadership team.
Capital. The financial health of the company and its ability to generate or secure sufficient funding.
Momentum. Positive changes in the size, velocity and impact of the company over time.
At each of our regional summits we will announce and shine a light on the most promising startups operating in the region. By the end of the summits, we start to see the full and diverse global picture of innovation and technology. The chart below shows the total global cohort of 1000 startups segmented by their ‘sub-sector’, taken from HolonIQ’s Open Source Taxonomy, the Global Learning Landscape.
Nearly one in four of the Global EdTech 1000 are focused on workforce learning and upskilling and not far behind are startups focused on management systems. Together these two sub-sectors make up nearly 50% of the Global EdTech 1000 and are heavily biased on B2B models, although a significant number of the workforce-focused startups also offer direct to consumer upskilling products and services.
While we see clear sub-sector trends that run across regions around the world, we also see outliers and over or underweight sub-sector focus compared to the global weighted average.
Australia and New Zealand is perhaps the largest outlier with 41% of the ANZ 50 focused on Management Systems, nearly double the global weighted average. Regions such as Latin America and the Caribbean, Sub Saharan Africa, Middle East and North Africa and Russia all have very high Workforce exposure, while other regions are more focused on K12 and have lower exposures to Workforce such as the Nordic Baltic and East Asia (China, Japan, Korea) region.
By analyzing the founding year of the Global EdTech 1000, we can also see trends in company formation, biased of course by the fact that we are looking at the most promising startups region by region.
Interesting outliers include the Nordic Baltic region, with 12% of the 2021 cohort founded during COVID. At the other end of the spectrum Australia and New Zealand have more than 50% of the cohort founded prior to 2015, with East Asia and North America not far behind with older cohorts than the global weighted average.
The two charts below show the trend in the founding year, or company formation, for the Global EdTech 1000. Left to right in both charts we see the composition of the startups founded in that range. On the left we see the formation composition by sub-sector and on the right we see the formation composition by macro region categories.
On the left we are seeing some slight compression in STEAM, Language Learning and Testing. On the right, it is more difficult to see any material patterns, other than perhaps APAC showing the largest growth in formation through the pandemic and EMEA a decline in formation share.
HolonIQ’s intelligence Platform powers decisions that matter at the world’s largest and leading institutions, technology platforms, companies and investors. But one of our most demanding Platform power users is our own Intelligence Unit. Our engineering team builds software and tools that power our customers and our own Intelligence Unit to make tens of thousands of machine-learning powered and human-driven quantitative and qualitative assessments, applying the scientific method to impact intelligence and investing.
The screenshot below shows a sample ratings cohort of companies that have been assessed on multiple dimensions and are being evaluated by an analyst. We build tools that help analysts leverage technology, data science, and human evaluation to power decisions that matter. Our intelligence unit applies those tools, along with a rigorous, scientific mindset, to in this case, identify the most promising EdTech startups around the world.
Benchmarking the 2021 Global EdTech 1000 as we open applications for 2022
HolonIQ’s annual list of the 200 most promising EdTech startups from North America.
HolonIQ’s annual list of the 50 most promising EdTech startups from Southeast Asia.