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The Full List of 23 E-Learning Unicorn Startups (2026)

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The e-learning sector includes 23 major private companies. India's BYJU'S leads with a $22B valuation, followed by China's Yuanfudao at $17B.

Other major players include US-based Articulate, which raised $1.5B in a single funding round.

Below is the full list of 23 E-Learning unicorn startups at this time.

Top 10 Most Valuable E-Learning Unicorns

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BYJU'S has built an educational technology platform that delivers personalized learning programs for K-12 students. Their flagship learning app uses a mix of video lessons and interactive tools to make complex subjects more engaging for young learners.

Valuation$22B
HeadquartersBangalore, Karnataka, India
Year Founded2011
FoundersByju Raveendran, Divya Gokulnath
Funding Amount$6.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsPeak XV Partners, Bond, BlackRock, Lightspeed Venture Partners, B Capital

Yuanfudao has built a leading online education platform that delivers live courses and tutoring to K-12 students. Their services are known for integrating AI to create personalized learning experiences and interactive study tools.

Valuation$17B (Joined May 2017)
HeadquartersBeijing, Beijing, China
Year Founded2012
FoundersKe Shuai, Xin Li, Yong Li
Funding Amount$4B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries G
Top InvestorsTemasek Holdings, Hillhouse Investment, IDG Capital, Warburg Pincus, Matrix Partners China

Zuoyebang operates a massive online education platform offering tutoring and homework help to K-12 students. Its core product uses AI to provide instant answers to student questions, functioning as a dedicated search engine for school subjects.

Valuation$10B (Joined July 2018)
HeadquartersBeijing, Beijing, China
Year Founded2014
FoundersHou Jianbin
Funding Amount$2.9B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries E
Top InvestorsNew Enterprise Associates, Tiger Global Management, Goldman Sachs, Legend Capital, HSG

VIPKID operates a global online education platform connecting children with teachers for real-time English immersion learning. Their service provides one-on-one video lessons, creating a personalized and immersive environment for young learners around the world.

Valuation$5B (Joined August 2016)
HeadquartersBeijing, Beijing, China
Year Founded2013
FoundersCindy Mi, Jessie Chen, Victor Zhang
Funding Amount$1.1B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries E
Top InvestorsHSG, Matrix Partners China, Tencent, Northern Light Venture Capital, Coatue

Learneo operates a platform of learning and productivity businesses that includes Course Hero, QuillBot, and CliffsNotes. They provide a suite of academic tools and resources used by over 100 million learners and educators worldwide.

Valuation$4B
HeadquartersRedwood City, California, United States
Year Founded2006
FoundersAndrew T. Grauer, Gregor Carrigan
Funding Amount$492.4M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsIDG Capital, TPG, 137 Ventures, Wellington Management, SV Angel

Articulate develops widely-used apps for creating workplace e-learning courses. Their all-in-one suite, Articulate 360, gives teams the authoring tools needed to build engaging online training.

Valuation$4B (Joined July 2021)
HeadquartersNew York, New York, United States
Year Founded2002
FoundersAdam Schwartz
Funding Amount$1.5B
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries A
Top InvestorsICONIQ Growth, General Atlantic, Blackstone Accelerates Growth

Unacademy operates a comprehensive online learning platform featuring video lectures and live classes from expert educators. They help millions of students prepare for competitive exams through structured courses and extensive practice tests.

Valuation$3.44B (Joined September 2020)
HeadquartersBangalore, Karnataka, India
Year Founded2015
FoundersGaurav Munjal, Hemesh Singh, Roman Saini, Sachin Gupta
Funding Amount$838.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries H
Top InvestorsSequoia Capital, Peak XV Partners, Nexus Venture Partners, Elevation Capital, General Atlantic

Outschool runs an online marketplace of live, small-group classes for kids. The platform connects learners with teachers across thousands of unique subjects, from core academics to niche hobbies.

Valuation$3B (Joined April 2021)
HeadquartersSan Francisco, California, United States
Year Founded2015
FoundersAmir Nathoo, Mikhail Seregine, Nick Grandy
Funding Amount$240.2M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries D
Top InvestorsY Combinator, Lightspeed Venture Partners, Reach Capital, Union Square Ventures, Bond

Age of Learning creates a suite of popular online learning programs for children from pre-K through middle school. Their flagship product, ABCmouse, provides a comprehensive digital curriculum that helps millions of kids build foundational academic skills.

Valuation$3B (Joined May 2016)
HeadquartersGlendale, California, United States
Year Founded2007
FoundersDoug Dohring
Funding Amount$531.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsTencent, TPG, ICONIQ Growth, Qatar Investment Authority, Madrone Capital Partners

Physics Wallah runs an online education platform that prepares students in India for competitive entrance exams like JEE and NEET. Their service combines live classes, video lectures, and test series to make quality exam prep more accessible and affordable.

Valuation$3B
HeadquartersNoida, Uttar Pradesh, India
Year Founded2014
FoundersAlakh Pandey, Prateek Maheshwari
Funding Amount$312M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries B
Top InvestorsHornbill Capital Advisers, WestBridge Capital, GSV Ventures, Lightspeed Venture Partners

The Remaining 13 E-Learning Unicorns

The top ten companies are just part of a much bigger picture in e-learning. This next group of startups comes from all over the world, including the US, India, and China, and together they have raised over $3.6 billion.

Each of these companies is tackling a different piece of the education puzzle. Here’s a look at the other unicorns shaping how we learn online.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
UpGrad logo UpGradIndia2015$782.7M$2.25B
Go1 logo Go1Australia2015$413.7M$2B
Spark Education Group logo Spark Education GroupSingapore2016$593M$2B
Domestika logo DomestikaUnited States2010$130M$1.3B
ClassDojo logo ClassDojoUnited States2011$191.1M$1.25B
LEAD logo LEADIndia2012$185.6M$1.1B
Speak logo SpeakUnited States2017$152M$1B
Newsela logo NewselaUnited States2013$172.2M$1B
Quizlet logo QuizletUnited States2005$62M$1B
Vedantu logo VedantuIndia2011$306.2M$1B
Squirrel Ai Learning logo Squirrel Ai LearningChina2014$190.4M$1B
GoGuardian logo GoGuardianUnited States2014$200M$1B
Huikedu Group logo Huikedu GroupChina2010$302.2M$1B

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