EdTech Companies That Raised Over USD 50 Million


Edtech, the blossoming industry is booming with every passing day.

The industry is gaining a lot of attraction and one can see it from the huge amounts that are being raised by edtech ventures every day.

Check out this list below that mentions of edtech companies that have raised over 50 Million Dollars in last 5 years!

1) Company name: Desire2Learn (D2L)

About: D2L is an integrated learning platform, providing cloud learning solutions for educational institutes and corporate. By developing solutions that improve learner achievement, increase retention rates and inspire greater engagement, they empower our customers to help learners reach their full potential.

Found in: 1999

Investors: Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital and existing investors, New Enterprise Associates and OMERS Ventures.

Funding Year/Amount: 2012/USD 80 Million

Investors: Aurion Capital, Columbus Nova Technology Partners, Four Rivers Group, Graham Holdings, New Enterprise Associates, OMERS Ventures

Funding Date/Amount: 2014/ USD 85 Million

Website: https://www.d2l.com/

2) Company name: Udacity                                       

About: Udacity provides online courses and credentials, built by AT&T, Google, etc. for data analysts, web or mobile developers.

Found in: 2011

Investors: Bertelsmann

Funding Date/Amount: 2015/USD 105 Million

Website: http://www.udacity.com

3) Company name: HotChalk                                    

About: HotChalk helps great universities be great online.

Found in: 2004

Investors: Bertelsmann

Funding Date/Amount: 2015/USD 230 Million

Website: http://www.hotchalk.com/

4) Company name: Pluralsight

About: Pluralsight is the leading technology learning platform. With Pluralsight, companies attract and grow talent and improve performance.

Found in: 2004

Investors: Felicis Ventures, Aydin Senkut, Frank Wilder, GSV Acceleration, Deborah Quazzo, ICONIQ Capital, Insight Venture Partners, Bryan Gartner, Sorenson Capital, Fraser Bullock, Mark Ludwig

Funding Date/Amount: 2014/USD 135 Million

Website: http://www.pluralsight.com

5) Company name: iTutorGroup

About: iTutorGroup is an online education company that provides individualized, personalized learning experiences.

Found in: 2004

Investors: Alibaba Capital Partners

Funding Date/Amount: 2014/ USD 100 Million

Investors: GIC, Goldman Sachs, Russia-China Investment Fund, Silverlink Capital, Temasek Holdings

Funding Date/Amount: 2015/ USD 200 Million

Website: http://www.itutorgroup.com

6) Company name: Dude Solutions

About: Dude Solutions is the nation's leading provider of SaaS operations software for education, government, healthcare and member organizations.

Found in: 1999

Investors: Warburg Pincus

Funding Date/Amount: 2014/ USD 100 Million

Website: http://dudesolutions.com

7) Company name: Teacher Synergy (Teachers pay Teachers)

About: Teachers Pay Teachers is a community; the first and largest open marketplace where teachers share, sell/buy original educational resources.

Found in: 2006

Investors: Spectrum Equity, Tiger Global Management

Funding Date/Amount: 2014/ USD 64.12 Million

Website: https://www.teacherspayteachers.com/About-Us

8) Company name: Craftsy

About: Craftsy is the premier destination for learning, inspiration, and supplies for passionate enthusiast makers.

Found in: 2011

Investors: Stripes Group

Funding Date/Amount: 2014/USD 50 Million

Website: http://www.craftsy.com

9) Company name: Minerva Project

About: They are forming an exclusive university that teaches students who are taught almost entirely in small groups via live video sessions and live together in residential halls that rotate every year to different major cities worldwide.

Found in: 2012

Investors: Led by Chinese Investors from Minerva

Funding Date/Amount: 2014/ USD 70 Million

Website: https://www.minerva.kgi.edu/about/

10) Company name: Byju’s

About: BYJU'S makes learning effective and engaging for students in grades 4-12, through its app. It has 7 Mn+ users on its platform today

Found in: 2011

Investors: Sequoia Capital, Sofina

Funding Date/Amount: Mar 2016/ USD 75 Million / Series C

Investors: Chan Zuckerberg Initiative, Sequoia Capital

Funding Date/Amount: Sep 2016/ USD 50 Million / Series D

Website: http://byjus.com/

11) Company name: Udemy

About: Udemy is a global marketplace for learning and teaching online.

Found in: 2010

Investors: Naspers

Funding Date/Amount: 2016/ USD 60 Million

Investors: Insight Venture Partners, Norwest Venture Partners - NVP

Funding Date/Amount: 2015/ USD 65 Million

Website: http://www.udemy.com

12) Company name: Genshuixue

About: Genshuixue is a Chinese online education platform that allows its users to search for courses related to various fields and subjects.

Found in: 2014

Investors: Banyan Capital Partners

Funding Date/Amount: 2015/ USD 50 Million

Website: http://genshuixue.com/

13) Company name: NetDragon Education

About: NetDragon Education is an online education platform that targets students in Kindergarten to high school through websites and mobile apps.

Found in: 2014

Investors: IDG Capital Partners

Funding Date/Amount: 2015/ USD 52.5 Million

Website: http://netdragon.com/

14) Company name: Xioazhan Jiaoyu

About: The Company’s resources help Chinese students to prepare for foreign college entrance exams

Found in: 2011

Investors: Sequoia Capital, Bertelsmann Asia Investment, GGV Capital, Milestone Capital, Shunwei Capital Partners and Vision Knight Capital.

Funding Date/Amount:2015/ USD 84 Million

15) Company name: Yuantiku

About: Yuantiku is a Chinese online education product launched by Beijing Fenbi Future Science and Technology.

Found in: 2012

Investors: China Media Capital (CMC), New Horizon Capital, IDG Capital Partners, Matrix Partners China

Funding Date/Amount: 2015/ USD 60 Million

Website: http://yuantiku.com

16) Company name: Civitas Learning

About: Civitas Learning offers a cloud-based, predictive analytics platform that delivers insights to the frontlines of education.

Found in: 2011

Investors: Rethink Education, Warburg Pincus

Funding Date/Amount: 2015/ USD 60 Million

Website: http://www.civitaslearning.com

17) Company name: Hujang.com

About: Hujiang.com is a Shanghai based online education platform.

Found in: 2001

Investors: China Minsheng Investment Group

Funding Date/Amount:2015/ USD 157 Million

Website: http://www.hujiang.com/

18) Company name: Varsity Tutors

About: Varsity Tutors is a live learning platform that connects students with personalized instruction to accelerate academic achievement.

Found in: 2007

Investors: Adam Levine, Stuart Udell, TCV

Funding Date/Amount: 2015/ USD 50 Million

Website: http://www.varsitytutors.com

19) Company name: Coursera

About: Coursera is scaling a global platform to provide universal access to the world’s best education.

Found in: 2012

Investors: EDB Investments, New Enterprise Associates

Funding Date/Amount: 2015/ USD 61.1 Million

Website: http://www.coursera.org

20) Company name: Knewton

About: Knewton is the world’s leading adaptive learning technology provider with the mission of bringing personalized education to the world.

Found in: 2008

Investors: Accel Partners, Kevin Comolli, Simon Levene, Bessemer Venture Partners, Robert Stavis, First Round, FirstMark Capital, Amish Jani, Founders Fund, GSV Capital, Silicon Valley Bank

Funding Date/Amount: 2013/USD 51 Million

Website: http://www.knewton.com

21) Company name: General Assembly

About: General Assembly offers full-time immersive programs that empower individuals to pursue work they love.

Found in: 2011

Investors: Advance Publications

Funding Date/Amount: 2015/ USD 70 Million

Website: http://generalassemb.ly

22) Company name: AltSchool

About: AltSchool is a network of schools with an interdisciplinary team aimed at offering experimental learning.

Found in: 2013

Investors: Adrian Aoun, Daniel Curran, Designer Fund, Emerson Collective, First Round, Flight Ventures, Harrison Metal, John Doerr, Jonathan Scherr, Learn Capital, Omidyar Network, Tusk Ventures, Zuckerberg Education Ventures

Funding Date/Amount: 2015/ USD 100 Million

Website: http://www.altschool.com

23) Company name: Lynda.com

About: lynda.com is an online learning company that provides video tutorials to learn about software, and creative and business skills.

Found in: 1995

Investors: Accel Partners, Spectrum Equity, Meritech Capital Partners

Funding Date/Amount: 2015/ USD 186 Million and 2013/ USD 103 Million

Website: http://www.lynda.com

24) Company name: Kaltura

About: Kaltura is an open-source video platform.

Found in: 2006

Investors: Goldman Sachs

Funding Date/Amount: 2016/ USD 50 Million

Website: http://corp.kaltura.com

Do you know any other edtech company that raised amount this big?

 

Also Check:

EdTech Investments in Asia in First Two Quarters of 2016

EdTech Investments in Asia in Last Two Quarters of 2016

About the Author
Author: Priyanka Gupta
Priyanka is a blogger by profession and has an increasing interest to write about the edtech space. While writing she keeps in mind the educators to come up with right resources and ideas which might be relevant for them in relation to effective use of technology in their profession and institutions/classrooms.
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