EdTech refers to the combined use of educational theories and technology to facilitate student learning. Up for discussion here is The Top 15 Largest EdTech Companies in the World. This industry is a fast-growing one that is attracting significant attention from investors and experienced industry veterans. The rapid emergence of technology has changed the way education is practiced. With the advent of virtual classrooms, distance learning, and online courses, students can now learn wherever they are. The education technology industry offers various benefits such as increased collaboration among students, improved efficiency, and personalized learning experiences.
American EdTech companies raised over $1.45 billion in investment by 2018. Also, Chinese EdTech companies received $44.1 billion in total investments globally. As the EdTech market flourished, more startups started offering personalized products that cater to the end-users needs. In January 2020, a few EdTech companies were valued at more than a billion dollars. According to the EdSurge database, the sector has raised over $2.2 billion in funding globally. Here is Insider Monkey’s highlight on the 15 largest Edtech companies in the World.
Boxlight Cooperation is an EdTech company that focuses on developing and selling interactive classroom equipment. It offers a variety of projectors, flat panels, and other accessories that help students learn. Course Hero is an EdTech platform that enables students to study for their courses through a community of tutors and instructors. It features a unique feature that allows users to create their own study guides and notes. ApplyBoard in Ontario was founded in 2015 to provide international students with a simple and secure platform to apply for university. Stride, Inc. is a for-profit EdTech company that offers online programs for kindergarten through 12th-grade students. Unacademy is an EdTech company founded by Gaurav Munjal in 2015. It is an online platform that provides training and preparation material for various entrance exams in India. Duolingo is a language-learning website founded in 2011. It has a freemium model, which means that its website and app can be accessed without charges. Please read all the EdTech companies examined in this research with their revenue and valuation as stated in Insider Monkey’s original article 15 Largest EdTech Companies in the World.