Here is the latest data on “the business of education” for XXX:
- Amount of venture capital invested during the month: $246.2 million
- Number of investments: 15
- Average investment size: $18.9 million / Median investment size: $15 million
- Number of acquisitions: 11
- Number of mergers: 1
- Number of IPOs: 1
- Number added to the “ed-tech dead pool”: 1
Investment Trends
Notable among this month’s investments were two learn-to-code companies raising money: Trilogy Education ($50 million) and Coding ($15 million). Another big round: OpenClassrooms, a French online provider that still invokes “MOOC” to describe itself (or at least journalists writing about it do) raised $60 million. But this was, overall, a very quiet month when it came to funding news. New Markets Venture Partners did announced it had finally closed a new $68 million fund. Its investors include a handful of student loan companies and testing companies – so that’s fun to think about what the portfolio is going to look like in turn. Priorities, yo.
Those four investments – New Markets, OpenClassrooms, Trilogy Education, and Coding – comprised almost 80% of the money invested in ed-tech this month.
Acquisition and “deadpool” news was a bit more exciting, I suppose, with WeWork continuing to gobble up education companies. This time it was MissionU’s turn, a one-year college alternative that barely made it one year as a company.
The Biggest Investments of 2018 (So Far)
The companies that have raised the most money so far this year remains unchanged from last month:
- 17zouye (tutoring): $200 million
- Zhangmen (tutoring): $120 million
- Connexeo (school administration software): $110 million
- DadaABC (English language learning): $100 million
- Knowbox (tutoring): $100 million
Download the Data
As part of this project, you can review information from the last few years who’s received funding, who’s been acquired, who’s IPO’d, which startups have closed, and who’s investing in the stories that Edsurge tells you about the shape of the education technology industry.
I have created separate GitHub repositories for all areas of funding that I monitor:
These sites include human- and machine-readable versions of this funding data. For more ed-tech data sets, visit Hack Education Data on GitHub.
If you see an error or omission, please file a GitHub issue. You’re welcome to fork or download the repositories too, of course.