The regional collaboration format of the Nordic-Baltic eight (NB8) brings together five Nordic and three Baltic countries – Finland, Sweden, Norway, Iceland, Denmark, Estonia, Latvia and Lithuania. This well-established regional ecosystem also supports cooperation for EdTech in addition to strong national bodies. The region is globally recognised for leading in pedagogy, innovation and education systems and the 2020 Nordic-Baltic EdTech 50 recognises and celebrates those teams based in the region who are supporting education innovation and impact.
The region has a thriving EdTech ecosystem with innovative solutions in advanced technology such as Virtual and Augmented Reality, AI, STEAM & Coding and Robotics through to Language Learning, Teacher & Student Support, Learning Resources and Environments being selected into the HolonIQ 2020 Nordic-Baltic EdTech 50.
The HolonIQ Education Intelligence Unit evaluated 700+ organizations from the region powered by data and insights from our Global Intelligence Platform.
HolonIQ and select Nordic-Baltic market experts assessed each organization based on HolonIQ’s startup scoring rubric, which covers the following dimensions:
Market. The quality and relative attractiveness of the specific market in which the company competes.
Product. The quality and uniqueness of the product itself.
Team. The expertise and diversity of the team.
Capital. The financial health of the company and in particular its ability to generate or secure sufficient funding.
Momentum. Positive changes in the size and velocity of the company over time.
The 2020 Nordic-Baltic 50 represents the breadth and depth of the region’s ecosystem. K12 has the greatest representation, with uses of Advanced Technology being seen across all sectors. EdTech’s focusing on Teacher and Student support illustrate the close connection with learning outcomes and impact for which the region is known.
$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.