The global education technology market contains 32 unicorn startups. These companies are geographically diverse, with major players in Asia, North America, and Europe.
India's BYJU'S leads the group with a $22B valuation, followed by China's Zuoyebang at $10B. The sector also sees large investments, such as Articulate's $1.5B Series A funding round.
Below is the full list of 32 Education unicorn startups at this time.
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Get the Sheet for $50BYJU'S develops personalized learning programs for K-12 students through its educational technology platform. The company’s well-known app provides video lessons and interactive content to make learning more engaging.
| Valuation | $22B |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2011 |
| Founders | Byju Raveendran, Divya Gokulnath |
| Funding Amount | $6.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Peak XV Partners, Bond, BlackRock, Lightspeed Venture Partners, B Capital |
Zuoyebang operates one of China's leading online education platforms for K-12 students. They provide a suite of tools including live classes, tutoring, and an AI-powered Q&A search engine for homework help.
| Valuation | $10B (Joined July 2018) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2014 |
| Founders | Hou Jianbin |
| Funding Amount | $2.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | New Enterprise Associates, Tiger Global Management, Goldman Sachs, Legend Capital, HSG |
VIPKID connects children around the world with North American teachers for real-time, one-on-one English lessons. Their online platform is built for immersive language learning.
| Valuation | $5B (Joined August 2016) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2013 |
| Founders | Cindy Mi, Jessie Chen, Victor Zhang |
| Funding Amount | $1.1B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | HSG, Matrix Partners China, Tencent, Northern Light Venture Capital, Coatue |
Guild builds a career opportunity platform that employers use to offer education and upskilling to their workforce. They are known for creating debt-free learning pathways that help frontline workers advance their careers.
| Valuation | $4B |
| Headquarters | Denver, Colorado, United States |
| Year Founded | 2015 |
| Founders | Brittany Stich, Chris Romer, Rachel Romer |
| Funding Amount | $643.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | FPV Ventures, General Catalyst, Bessemer Venture Partners, Salesforce Ventures, Wellington Management |
Learneo brings together a suite of businesses focused on education and productivity tools for a global audience. The platform is home to some of the most recognized names in the space, including Course Hero, Grammarly, and CliffsNotes.
| Valuation | $4B |
| Headquarters | Redwood City, California, United States |
| Year Founded | 2006 |
| Founders | Andrew T. Grauer, Gregor Carrigan |
| Funding Amount | $492.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | IDG Capital, TPG, 137 Ventures, Wellington Management, SV Angel |
Articulate develops a suite of apps that help companies create engaging online courses for workplace training. Their flagship product, Articulate 360, is widely used by instructional designers to build everything from simple lessons to complex interactive simulations.
| Valuation | $4B (Joined July 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2002 |
| Founders | Adam Schwartz |
| Funding Amount | $1.5B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | ICONIQ Growth, General Atlantic, Blackstone Accelerates Growth |
GoStudent connects students with vetted teachers through its digital tutoring platform for personalized, one-on-one learning. Their service offers a virtual classroom environment for a wide variety of academic subjects.
| Valuation | $3.5B (Joined June 2021) |
| Headquarters | Vienna, Wien, Austria |
| Year Founded | 2016 |
| Founders | Felix Ohswald, Ferdinand von Hagen, Gregor Muller |
| Funding Amount | $781.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Coatue, Speedinvest, Tencent, Deutsche Bank, Prosus |
Unacademy has built an extensive online learning platform that provides educational content like video lectures and practice examinations. Their service connects students with a network of educators for live classes and comprehensive test preparation.
| Valuation | $3.44B (Joined September 2020) |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2015 |
| Founders | Gaurav Munjal, Hemesh Singh, Roman Saini, Sachin Gupta |
| Funding Amount | $838.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series H |
| Top Investors | Sequoia Capital, Peak XV Partners, Nexus Venture Partners, Elevation Capital, General Atlantic |
ApplyBoard built an online platform that connects international students with educational institutions and recruitment partners. Their service simplifies the complex application journey, from searching for the right program to securing a student visa.
| Valuation | $3.2B (Joined May 2020) |
| Headquarters | Waterloo, Ontario, Canada |
| Year Founded | 2015 |
| Founders | Martin Basiri, Massi Basiri, Meti Basiri |
| Funding Amount | $554M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Business Development Bank of Canada, Index Ventures, Plug and Play, 500 Global, Fidelity |
Eruditus collaborates with top universities worldwide to deliver high-quality executive education and professional training online. Their courses range from professional certificates to senior executive training, helping individuals and companies learn critical new skills.
| Valuation | $3.1B (Joined August 2021) |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2010 |
| Founders | Ashwin Damera, Chaitanya Kalipatnapu |
| Funding Amount | $1.6B |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series F |
| Top Investors | InnoVen Capital, Accel, Peak XV Partners, HSBC, Prosus Ventures |
The Remaining 22 Education Unicorns
The most valuable unicorns are only a piece of the global education picture. This next group of companies has raised nearly $7 billion, with strong representation from the United States, India, and China.
Some of these companies are newer to the scene, while others have been building for over a decade. Here’s a look at the rest of the startups changing the future of education.