September 16, 2020
Dealroom and London & Partners release a report identifying the major trends in EdTech.
The Global Trends in EdTech report identifies the impact that coronavirus is having on transforming learning. This includes the following:
- EdTech companies are helping universities and schools develop solutions
- EdTech products are helping make remote learning possible
- London is a key EdTech hub only surpassed by New York and San Francisco in terms of deals
- The estimated value of the London EdTech market is $3.4 bn
- EdTech is a growing globally
- The UK receives 39% of the investment in EdTech in Europe
- Europe’s only EdTech unicorn is based is London: Learning Technologies Group
%
Growth in Global EdTech in 2020
Top rounds in 2020
Yuanfudao: Live lessons and tutoring
Zuoyebang: Online study platform
Byju’s: Online tuition
Coursera: Free online university courses
Campuslogic: Financial management platform
Unacademy: Learning platform
Vedantu: Online tuition
Masterclass: Educational video platform
Top 10 Most Funded London EdTech Companies
Kano: Computer and coding kit manufacturer
MACAT: Provides analysis of books and papers
Fuse Universal: Corporate training solution
Pi-Top: A platform for STEM Education
Memrise: Portal for language learning
Simpleshow: Tool to convert complicated concepts into diagrams
Whitehat: A tech startup helping young people obtain apprenticeships
MyTutorWeb: Online tutoring platform
Busuu: Language learning portal
Perlego: eBook online library
Whilst the report focuses on Europe and in particular London, the dominance of China and the US in terms of venture capital investment is still clear.
You can read more about EdTech here: https://global-edtech.com/edtech-definitions-products-and-trends/
RECOMMENDED: https://global-edtech.com/category/report/
“ The coronavirus pandemic has accelerated the global adoption of EdTech platforms as schools, universities and employers embrace online learning. London’s EdTech companies are well-placed to meet this increased demand and today’s new research, released to coincide with London Tech Week 2020, shows London is leading the way in Europe for EdTech and is quickly becoming a major global hub. ” Laura Citron, CEO, London & Partners