There are a lot opportunities now
ByJu’s is an Indian company that launched the learning platform of the same name. The service offers educational materials for undergraduate and graduate students, as well as students enrolled in the twelve-year K-12 program. In addition, ByJu’s has developed the Early Learn service specifically for preschoolers.
2021 has been an extremely successful year for ByJu’s. The company received $ 460 million in March, $ 1 billion in April, $ 350 million in June, and another $ 300 million in October.
ByJu’s is planning an IPO in 2022. Indian authorities are preventing local companies from listing their shares abroad directly, so ByJy's is about to enter the New York Stock Exchange (NYSE) through a merger with a shell company created specifically for this purpose (SPAC).
The Almentor educational platform is aimed at native Arabic speakers. For them, the platform offers courses in the form of videos on medicine, sports, business, corporate communication, the humanities, as well as digital media.
Almentor managed to raise $6.5 million.
The platform received the largest funding from Partech Partners. Egypt Ventures, Sango Capital and Sawari Ventures also invested in the startup. Over the entire history of its existence, the platform has attracted a total of $14.5 million in investments.
Currently, there are quite a few courses in Arabic, although there are more than 400 million native speakers of this language in the world.
Yuanfudao is China's largest EdTech startup specializing in teaching kids. Since its founding in 2015, the company has managed to build a large-scale educational ecosystem.
Yuanfudao's skyrocketing growth has been significantly affected by increased demand for online learning for children in China, which has only increased since the start of the pandemic. As a result, in October 2020 alone, the company received investments in the amount of $2.2 billion.
Education startup Zuoyebang was launched by Chinese Internet giant Baidu in 2015. The project was later spun off into a separate company. The platform allows schoolchildren to find the correct answers to homework using artificial intelligence, as well as study with tutors online.
Zuoyebang has managed to maintain its place in the top three despite tightening regulation of the EdTech industry in China. Since the summer of 2021, the startup’s valuation has not changed, although the cost of many educational projects from the Middle Kingdom has fallen several times over the same time.
Over the entire period of its existence, the company has attracted more than $ 2.9 billion in investments, but due to restrictions imposed in China, funding has stopped.
VIPKid is an immersive English learning platform for children aged 5 to 12. The service allows students to communicate with teachers via video link. Classes are private, each lasting 25 minutes.
The company was founded in 2013 and during its existence managed to attract $1.1 billion in investments. The business magazine Fast Company twice (in 2018 and 2019) awarded VIPKid the title of "one of the most innovative companies", and the Glassdoor aggregator included the startup among the best employers of 2019.
BetterUp is a startup specializing in corporate coaching. The service trains company employees in mental hygiene and helps them maintain mental health.
The service is used by 380 companies, including such giants as Chevron, Google, Hilton Worldwide, Snap and NASA.
Unlike other companies on the list of the most valuable EdTech startups, BetterUp received unicorn status in 2021. In February 2021, the company raised $125 million, and in October it completed a $300 million funding round . As a result, the startup's valuation increased several times and reached $4.7 billion.
HyperionDev is designed to train IT professionals. The project originated in a community of South African and British students who wanted to help fellow students achieve great things in programming. Now, on their educational platform, in just a few months, you can get practical skills in IT development.
The company has been able to raise over $3.5 million from government investors and private individuals. 1500 people from 20 countries of the world invested their money in the project, including in the form of donations. A distinctive feature of the platform is that it focuses on the development of students' practical skills that they can apply in their future work.
The startup was unprofitable for a long time, but recently began to generate profit: over the past two years, it has grown by 600%! Now the platform is used by more than 150 thousand people.
Startup Kognity from Sweden managed to raise over $20 million in investments. When all schools switched to distance learning, Kognity products helped them out a lot. The platform allows schools to use interactive materials for teaching, mainly videos and 3D models. On Kognity, you can also create your own assignments and collect analytics from students in the classroom.
Before the pandemic, the startup had already attracted investments three times. The total amount of funds received was seven million dollars. The company has now managed to secure $20 million from Alfvén & Didrikson (Scandinavia).