Here is the latest data on “the business of education” for March 2018:

  • Amount of venture capital invested during the month: $402.5 million
  • Number of investments: 19
  • Average investment size: $25.16 million / Median investment size: $5.76 million
  • Number of acquisitions: 4
  • Number of mergers: 1
  • Number of spinoffs: 0
  • Number of IPOs: 0
  • Number added to the “ed-tech dead pool”: 0

Investment Trends

Although the total amount of money raised in March is the largest of the year so far, that figure is a little deceiving. Of the $402.5 million raised in March, over 70% of that money went to three companies: $200 million in the “homework help” company 17zuoye, $50 million in the student loan provider CommonBond, and $42 million in the alt-credential company Degreed.

The Biggest Investments of 2018 (So Far)

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

  • 17zouye (tutoring): $200 million
  • Zhangmen (tutoring): $120 million
  • DadaABC (English language learning) : $100 million
  • Varsity Tutors (tutoring): $50 million
  • Common Bond (student loan): $50 million

Notice a pattern?

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.

Audrey Watters


Who's Funding Education Technology?

A Hack Education Project

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