TRACXN REPORT : EDTECH

February 2016
 Tracxn
World’s Largest Start-up Research Platform

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 Contents

Topic Page
Sectors We Track 04
Sector Overview 05
Market Map 11
Company List 29
Team 600

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 Illustrative Sectors We Track
ENTERPRISE ENTERPRISE
EDTECH MOBILE
INFRASTRUCTURE APPLICATIONS

SECURITY EDUCATION IT MOBILE COMMERCE SAAS

STORAGE SELF LEARNING MOBILE PAYMENTS MOBILE-FIRST ENT. APPS
NETWORKING TUTORING MOBILE MARKETING INTELLIGENT ENT. APPS
MOBILITY EDUTAINMENT MOBILE DEV TOOLS OPEN SOURCE
IT OPS LANGUAGE LEARNING MOBILE HEALTH RETAIL TECH
CLOUD INFRASTRUCTURE HIGHER EDUCATION MOBILE GAMING MARKETING TECH
API MANAGEMENT TEST PREPARATION MOBILE LEARNING STEALTH MODE
BIGDATA INFRASTRUCTURE ADAPTIVE LEARNING MOBILE COMMUNICATION VERTICAL SAAS

TECH CONSUMER FINTECH HEALTHCARE

INTERNET OF THINGS MARKETPLACES BITCOIN LIFE SCIENCES

3D PRINTING FOOD TECH PAYMENTS DIGITAL HEALTH

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 Sector Overview
Scope of report
This report contains EdTech companies i.e. companies which help the education ecosystem including students, teachers,
parents and administrators to improve learning efficiency and reach more people to increase literacy. The main goal of the
companies are to personalize learning for students and make content more engaging. Also includes companies that enables
educators to manage students. Over $9.86B invested since 2006, with ~$3.6B invested in 2015 that includes 340 rounds of
funding between Jan 2014 – Feb 2016.

Most active funds

• 500 Startups (Coursebase, Udemy, Descomplica)
• Imagine K12 (Remind, CodeHS, Codeable)
• Learn Capital (Edmodo, Brightbytes, General Assembly)
•

Notable investments in last three months

• Handshake ( Professional Learning - Employability) - $10.5M Series A funding led by Kleiner Perkins - Feb 6, 2016.
• Knewton (Technology – Personalized learning platform) - $52M funding led by Sofina - Feb 02, 2016.
• Grovo (Technology - Learning Management System) - $40M Series C funding led by Accel Partners - Jan 26, 2016.

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 Sector Overview
Notable investments in last three months
• Twig World (Educational Resources - Teacher Resources) - $4.95M led by Imperial College London - Jan 21, 2016.
• CourseHorse (Discovery – Tutoring) - $4M Series B funding led by Red Ventures - Jan 13, 2016.
• Kidaptive (Edutainment - Gamified Platform) - $8.12M Series C by unknown investors - Jan 12, 2016.
• Noodle Markets (Discovery) - $3M Seed Funding led by Rethink Education - Jan 11, 2016.
• Degreed (Professional Learning – Assessment Platform) - $21M Series B funding led by Jump Capital - Jan 05, 2016.
• Fancy Education (Educational Resources - Digital Books) - $18.5M Series B funding led by Amoeba Capital - Dec 29,
2015.
• Afanti (Tutoring - Online Delivery - Marketplace) - $60M Series B funding led by Shenzhen Capital Group - Dec 15, 2015.

Notable events in 2015/16

• TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by
Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B.
• Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in
Series B round led by Technology Crossover Ventures.
• Instructure, a cloud-based learning management system provider, went public on 13 Dec, 2015.
• Apple Acquires Education Startup LearnSprout.

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 Over $9.9B has been invested in the sector from
2053 funding rounds since 2006
Total funding and number of funding rounds between 2006 – 2016 (YTD) • Over $9.9B has been invested in
4000 500
last 10 years with more than
one third of the amount
$3560M
435 invested in 2015 alone.
• The total funding in the sector
3000 368
370 375 has seen an average of ~75%
YoY increase in the past 2 years.

No. of Funding Rounds

330
Funding Amount (in Millions)

• Acquisition have been on a rise

with over 450 M&A’s in the past
$2015M
2000 250 year.
204
• Sphero, AltSchool, Minerva
Project have been some
$1143M disruptive models which have
1000 125 $901M 125 gained attention through their
90
74 $679M unique educational approaches.
$559M
39 $327M Have gained funding from the
22 $225M $258M
$78M
$149M likes of Mark Zuckerberg, Bill &
26
0 0 Melinda Gates Foundation and
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Walt Disney.
Year
Funding (in $ millions) No. of Funding Rounds

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 To receive the full 600 page report, write to us at bd@tracxn.com

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 Team
Chaman Raj Richie Bhattacharjee
Lead Analyst – EdTech Senior Analyst – EdTech

Kumar Snehansu Rahul Choudhury

Analyst – EdTech Analyst – EdTech

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