TRACXN REPORT : EDTECH
TRACXN REPORT : EDTECH February 2016
Tracxn World’s Largest Start-up Research Platform
2
EdTech Report, February 2016
Contents Topic
3
Page
Sectors We Track
04
Sector Overview
05
Market Map
11
Company List
29
Team
600
EdTech Report, February 2016
Illustrative Sectors We Track
4
ENTERPRISE INFRASTRUCTURE
EDTECH
MOBILE
ENTERPRISE APPLICATIONS
SECURITY
EDUCATION IT
MOBILE COMMERCE
SAAS
STORAGE
SELF LEARNING
MOBILE PAYMENTS
MOBILE-FIRST ENT. APPS
NETWORKING
TUTORING
MOBILE MARKETING
INTELLIGENT ENT. APPS
MOBILITY
EDUTAINMENT
MOBILE DEV TOOLS
OPEN SOURCE
IT OPS
LANGUAGE LEARNING
MOBILE HEALTH
RETAIL TECH
CLOUD INFRASTRUCTURE
HIGHER EDUCATION
MOBILE GAMING
MARKETING TECH
API MANAGEMENT
TEST PREPARATION
MOBILE LEARNING
STEALTH MODE
BIGDATA INFRASTRUCTURE
ADAPTIVE LEARNING
MOBILE COMMUNICATION
VERTICAL SAAS
TECH
CONSUMER
FINTECH
HEALTHCARE
INTERNET OF THINGS
MARKETPLACES
BITCOIN
LIFE SCIENCES
3D PRINTING
FOOD TECH
PAYMENTS
DIGITAL HEALTH
EdTech Report, February 2016
Sector Overview Scope of report This report contains EdTech companies i.e. companies which help the education ecosystem including students, teachers, parents and administrators to improve learning efficiency and reach more people to increase literacy. The main goal of the companies are to personalize learning for students and make content more engaging. Also includes companies that enables educators to manage students. Over $9.86B invested since 2006, with ~$3.6B invested in 2015 that includes 340 rounds of funding between Jan 2014 – Feb 2016.
Most active funds • 500 Startups (Coursebase, Udemy, Descomplica) • Imagine K12 (Remind, CodeHS, Codeable) • Learn Capital (Edmodo, Brightbytes, General Assembly) •
Notable investments in last three months • Handshake ( Professional Learning - Employability) - $10.5M Series A funding led by Kleiner Perkins - Feb 6, 2016. • Knewton (Technology – Personalized learning platform) - $52M funding led by Sofina - Feb 02, 2016. • Grovo (Technology - Learning Management System) - $40M Series C funding led by Accel Partners - Jan 26, 2016.
5
EdTech Report, February 2016
Sector Overview Notable investments in last three months • Twig World (Educational Resources - Teacher Resources) - $4.95M led by Imperial College London - Jan 21, 2016.
• CourseHorse (Discovery – Tutoring) - $4M Series B funding led by Red Ventures - Jan 13, 2016. • Kidaptive (Edutainment - Gamified Platform) - $8.12M Series C by unknown investors - Jan 12, 2016. • Noodle Markets (Discovery) - $3M Seed Funding led by Rethink Education - Jan 11, 2016.
• Degreed (Professional Learning – Assessment Platform) - $21M Series B funding led by Jump Capital - Jan 05, 2016. • Fancy Education (Educational Resources - Digital Books) - $18.5M Series B funding led by Amoeba Capital - Dec 29, 2015. • Afanti (Tutoring - Online Delivery - Marketplace) - $60M Series B funding led by Shenzhen Capital Group - Dec 15, 2015. Notable events in 2015/16
• TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B. • Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in Series B round led by Technology Crossover Ventures. •
Instructure, a cloud-based learning management system provider, went public on 13 Dec, 2015.
• Apple Acquires Education Startup LearnSprout. 6
EdTech Report, February 2016
Over $9.9B has been invested in the sector from 2053 funding rounds since 2006 Total funding and number of funding rounds between 2006 – 2016 (YTD) 4000
500 $3560M
368
Funding Amount (in Millions)
3000 330
$2015M
2000
250
204 $1143M 1000 90
74
0
39
22 $78M
$149M
2006
2007
$559M
$225M
125
$901M
125 $679M
$327M
$258M 26
2008
2009
2010
Funding (in $ millions)
7
375
370
EdTech Report, February 2016
2011 Year
2012
2013
2014
No. of Funding Rounds
2015
2016
0
No. of Funding Rounds
435
• Over $9.9B has been invested in last 10 years with more than one third of the amount invested in 2015 alone. • The total funding in the sector has seen an average of ~75% YoY increase in the past 2 years. • Acquisition have been on a rise with over 450 M&A’s in the past year. • Sphero, AltSchool, Minerva Project have been some disruptive models which have gained attention through their unique educational approaches. Have gained funding from the likes of Mark Zuckerberg, Bill & Melinda Gates Foundation and Walt Disney.
To receive the full 600 page report, write to us at [email protected]
8
EdTech Report, February 2016
Team
9
EdTech Report, February 2016
Chaman Raj
Richie Bhattacharjee
Lead Analyst – EdTech
Senior Analyst – EdTech
Kumar Snehansu
Rahul Choudhury
Analyst – EdTech
Analyst – EdTech
Tracxn World’s Largest Start-up Research Platform
2
EdTech Report, February 2016
Contents Topic
3
Page
Sectors We Track
04
Sector Overview
05
Market Map
11
Company List
29
Team
600
EdTech Report, February 2016
Illustrative Sectors We Track
4
ENTERPRISE INFRASTRUCTURE
EDTECH
MOBILE
ENTERPRISE APPLICATIONS
SECURITY
EDUCATION IT
MOBILE COMMERCE
SAAS
STORAGE
SELF LEARNING
MOBILE PAYMENTS
MOBILE-FIRST ENT. APPS
NETWORKING
TUTORING
MOBILE MARKETING
INTELLIGENT ENT. APPS
MOBILITY
EDUTAINMENT
MOBILE DEV TOOLS
OPEN SOURCE
IT OPS
LANGUAGE LEARNING
MOBILE HEALTH
RETAIL TECH
CLOUD INFRASTRUCTURE
HIGHER EDUCATION
MOBILE GAMING
MARKETING TECH
API MANAGEMENT
TEST PREPARATION
MOBILE LEARNING
STEALTH MODE
BIGDATA INFRASTRUCTURE
ADAPTIVE LEARNING
MOBILE COMMUNICATION
VERTICAL SAAS
TECH
CONSUMER
FINTECH
HEALTHCARE
INTERNET OF THINGS
MARKETPLACES
BITCOIN
LIFE SCIENCES
3D PRINTING
FOOD TECH
PAYMENTS
DIGITAL HEALTH
EdTech Report, February 2016
Sector Overview Scope of report This report contains EdTech companies i.e. companies which help the education ecosystem including students, teachers, parents and administrators to improve learning efficiency and reach more people to increase literacy. The main goal of the companies are to personalize learning for students and make content more engaging. Also includes companies that enables educators to manage students. Over $9.86B invested since 2006, with ~$3.6B invested in 2015 that includes 340 rounds of funding between Jan 2014 – Feb 2016.
Most active funds • 500 Startups (Coursebase, Udemy, Descomplica) • Imagine K12 (Remind, CodeHS, Codeable) • Learn Capital (Edmodo, Brightbytes, General Assembly) •
Notable investments in last three months • Handshake ( Professional Learning - Employability) - $10.5M Series A funding led by Kleiner Perkins - Feb 6, 2016. • Knewton (Technology – Personalized learning platform) - $52M funding led by Sofina - Feb 02, 2016. • Grovo (Technology - Learning Management System) - $40M Series C funding led by Accel Partners - Jan 26, 2016.
5
EdTech Report, February 2016
Sector Overview Notable investments in last three months • Twig World (Educational Resources - Teacher Resources) - $4.95M led by Imperial College London - Jan 21, 2016.
• CourseHorse (Discovery – Tutoring) - $4M Series B funding led by Red Ventures - Jan 13, 2016. • Kidaptive (Edutainment - Gamified Platform) - $8.12M Series C by unknown investors - Jan 12, 2016. • Noodle Markets (Discovery) - $3M Seed Funding led by Rethink Education - Jan 11, 2016.
• Degreed (Professional Learning – Assessment Platform) - $21M Series B funding led by Jump Capital - Jan 05, 2016. • Fancy Education (Educational Resources - Digital Books) - $18.5M Series B funding led by Amoeba Capital - Dec 29, 2015. • Afanti (Tutoring - Online Delivery - Marketplace) - $60M Series B funding led by Shenzhen Capital Group - Dec 15, 2015. Notable events in 2015/16
• TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B. • Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in Series B round led by Technology Crossover Ventures. •
Instructure, a cloud-based learning management system provider, went public on 13 Dec, 2015.
• Apple Acquires Education Startup LearnSprout. 6
EdTech Report, February 2016
Over $9.9B has been invested in the sector from 2053 funding rounds since 2006 Total funding and number of funding rounds between 2006 – 2016 (YTD) 4000
500 $3560M
368
Funding Amount (in Millions)
3000 330
$2015M
2000
250
204 $1143M 1000 90
74
0
39
22 $78M
$149M
2006
2007
$559M
$225M
125
$901M
125 $679M
$327M
$258M 26
2008
2009
2010
Funding (in $ millions)
7
375
370
EdTech Report, February 2016
2011 Year
2012
2013
2014
No. of Funding Rounds
2015
2016
0
No. of Funding Rounds
435
• Over $9.9B has been invested in last 10 years with more than one third of the amount invested in 2015 alone. • The total funding in the sector has seen an average of ~75% YoY increase in the past 2 years. • Acquisition have been on a rise with over 450 M&A’s in the past year. • Sphero, AltSchool, Minerva Project have been some disruptive models which have gained attention through their unique educational approaches. Have gained funding from the likes of Mark Zuckerberg, Bill & Melinda Gates Foundation and Walt Disney.
To receive the full 600 page report, write to us at [email protected]
8
EdTech Report, February 2016
Team
9
EdTech Report, February 2016
Chaman Raj
Richie Bhattacharjee
Lead Analyst – EdTech
Senior Analyst – EdTech
Kumar Snehansu
Rahul Choudhury
Analyst – EdTech
Analyst – EdTech
