The EdTech Episode #6
Greetings this week from EduTech, the annual education expo held in Sydney. This year Navitas Ventures supported the inaugural Innovation Precinct organised by Edugrowth (Australia's peak body for EdTech), that saw the best Australian EdTech companies showcase their products and services to the sector.
The quality of the companies and presentations was very high, while it is also encouraging to see that the majority of the Australian EdTech companies on show have a global mindset from day one. Well attended, quality EdTech events are an important signal that an ecosystem is thriving, and the success of the innovation precinct hints at the growing maturity of the Australian EdTech sector.
Supporting international education also represents a high-growth, attractive market for EdTech investment, with a number of EdTech companies that help international students apply to study overseas raising recent rounds. Although the majority of these rounds have been at a Seed and Series A level, the C$55M (approx US$41M) Series B round by ApplyBoard shows an increased appetite by investors to make larger bets in this space. We anticipate that this represents only the start of a sustained period of investment in this part of the education landscape.
Lastly, an apology for the week delay in this newsletter. Australia is experiencing an early and virulent flu season this year, and our team has not been immune!
Head of Navitas Ventures