Exponential rise of EdTech startup Investments
Updated: Nov 13, 2022
Ed tech market value is estimated to be a $252 billion industry.
According to Holon IQ latest report, EdTech Venture investment is now 40x larger than it was a little over a decade ago in 2010, nearly 5x the previous investment peak in 2015 and 3x pre-pandemic investment levels in 2019. With innovation surging across the entire EdTech Landscape notable mega rounds included US Articulate‘s $1.5B Series A, IN Eruditus‘ $650M Series D, IN Unacademy‘s $440M Series H, CN Fenbi‘s $390M Series A, US Course Hero‘s $380M Series C, several $300M rounds in 🇺🇸 Better Up‘s Series C, US Age of Learning‘s Series C and CA ApplyBoard’s Series D, AT GoStudent‘s $244M Series C and 🇺🇸 Masterclass‘ $225M Series F.
With 32 EdTech Unicorns at the end of 2021, 61 Mega Rounds ($100M+) over the last 12 months and now more than 3,000 funding rounds over $5M in EdTech’s history, this cumulative wave of investment in innovation and technology marks a meaningful milestone in the digital transformation of learning from early childhood though school, college and university to a new approach from industry for up-skilling and lifelong learning.
Online Education Market Size in United States
According to Statista, total market revenue of Online Education in US was valued at US$ 52.42 billion in 2021 and is projected to increase to US$111.90 billion by 2026.
The United States has the largest number of edtech companies and the most venture capital funding for those companies. Through an analysis of data taken from the business research platform Crunchbase, the report found 1,385 edtech companies in the U.S. — 43 percent of the total number of edtech companies globally. The next largest number of edtech companies in another country was India with 327.
Top EdTech Startups in United States
Some of the top EdTech Startups includes
Number of Employees: 1,736
Headquarters: Santa Clara, California, United States
Annual Revenue: $776.3 million
Number of Chegg Services subscribers: 7.8 million
Funding: $227 million
Number of Employees: 300+
Annual Revenue: $107.2 million
Number of Services subscribers: 1.1 million
Funding: $517.3 million
Number of Employees: 396
Headquarters: San Francisco, California
Annual Revenue: $12 million
Number of Services subscribers: 60 million monthly listeners
Funding: $62 million
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