π₯ HolonIQ released their Global EdTech 2022 Half Year Update which highlighted the following:
β‘οΈEdtech venture funding for H1 reached $11.4bn with HolonIQ forecasting $17bn for the full year, which would still be the second strongest year on record (peak year 2021)
β‘οΈVery strong Q1 of venture funding with Q2 transitioning to less funding in a slightly lower number of rounds, until June closed the half with another burst of mega rounds
β‘οΈ USA forecasted to remain single biggest market, although down on last year
β‘οΈ Europe and India on track for new (or equal) highs again
π The Economistβs article titled βCovid learning loss has been a global disasterβ argues the learning loss due to covid has been a global disaster, hitting middle- and low-income countries particularly hard. It also stated that:
β‘οΈ The share of ten-year-olds in middle- and low-income countries who cannot read and understand a simple story has risen from 57% in 2019 to roughly 70%
β‘οΈ Over two years >150m children have missed more than half of all in-person schooling
β‘οΈ The World Bank estimates the disruption could cost children $21trn in future earningsΒ
π If your EdTech startup is looking for global market exposure, apply for the GESAwards 2022 here
Notable raises
Workforce:
π° Finnish company Happeo landed $26m to provide a central intranet portal for employees. Happeo has over 366 customers including Pinterest, Decathlon and Marqeta
π° ACTO, the omnichannel learning and enablement platform for life sciences, announced the closing of $18m. ACTO continues to experience robust user and revenue growth, including a 500% increase in ARR since 2018
π° AntWalk raised $7.5m. The startup is an e-learning company that helps organizations accelerate and transform their learning and development (L&D) model. The company caters to banking, financial services, insurance and healthcare sectors
π° Polish startup The Village secured $3.5m to redefine early education through its childcare marketplace. Itβs an end-to-end solution supporting parents in solving the difficulty of finding high-quality child care through technology, content and community
π° India-based GrowthX, a social learning startup, raised $1.5m. The company saw participation from 200+ founders, leaders and operators across companies like Razorpay, Airbnb, Mamaearth and Freshworks. 65% of the funds were raised from GrowthXβs own community members
π° Lightbulb.ai, which positions itself as an emotion AI and engagement analytics platform, raised $1.5m. From analyzing user engagement during live meetings and calls to researching the emotional impact of pre-recorded content and asynchronous user experiences on consumers, it offers solutions that cater to industries such as online learning, sales enablement and consumer research
π° India's first digital education platform focusing on varied design verticals, The Designer's Class raised $1m. The Designerβs Class's mission is to democratize design education, making it accessible, affordable and engage-able to everyone
K-12 and Higher Ed:
π° India based Gurusiksha secured $60k pre-seed investment. Gurusiksha is an online tutoring and mentoring platform where students get step by step guidance from teachers