Here are the venture funding totals for April 2017:

  • Amount invested: $244,658,680
  • Number of investments: 9
  • Average investment size: $30,582,335 / Median investment size: $4,000,000
  • Number of acquisitions: 6

The amount of investment this month was higher than either April 2016 or 2015, because of the massive $190,000,000 investment in online education company EverFi. (This accounted for more than three-quarters of the total venture capital raised in April.)

The funding total for 2017 remains higher than the two previous years at this stage. It's higher, of course, because of the $500 million invested in SoFi in February. If you exclude that one investment (I don't think you should, but if you do), then the total funding figure for the year-to-date is up from 2016 (by about $50 million) but down from 2015 (by about $140 million).

The companies that have raised the most money so far this year are:

  • SoFi ($500,000,000 for student loans)
  • EverFi ($190,000,000 for online skills training)
  • ($100,000,000 for "homework help")
  • MasterClass ($35,000,000 for online classes taught by celebrities)
  • College Ave ($30,000,000 for student loans)
  • BYJU's ($30,000,000 for test prep)
  • MakeBlock ($30,000,000 for robotics)
  • Top Hat ($22,500,000 for classroom response systems)
  • Examity ($21,000,000 for testing)
  • Nearpod ($21,000,000 for classroom presentation software)

Those top three account for more than 65% of the money raised so far this year. (And again, if you exclude SoFi, the investments in EverFi and constitute about 40% of the money raised so far this year.)

As always the data for this project is freely available on GitHub.

Audrey Watters


Who's Funding Education Technology?

A Hack Education Project

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