The EdTech Episode #17
The post-coronavirus slowdown in EdTech investment appears to have arrived. While EdTech investments averaged roughly US$400M per month in 2019, we estimate April's investment was ~60% below that average. May is also likely to decline from last year.
That said, we did see notable transactions in Canada (ApplyBoard) and Australia (GO1); while Owl Ventures, a specialist US EdTech investor, is raising its fourth, US$350M fund.
And while funding may be slowing down, we continue to see signs of strong, broad interest in EdTech products. ClassCentral has highlighted the continuing popularity of MOOCs, while a survey from BrightEye Ventures suggests that interest spans both consumer- and institutional-facing products.
-- Peter Sahui