EdTech startups are ruling the world today with the top highlighted EdTech funding

The education section has witnessed a drastic transformation since the outbreak of the COVID-19 pandemic in 2020. Mushrooming of education technology or EdTech startups, shift to online classes, new software and video conferencing technologies, and learning apps were tangible changes witnessed in the education ecosystem. This article features the top highlighted EdTech funding you should know in 2022.

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LEAD

EdTech startup LEAD has raised US$100 Million to enter the unicorn club at a US$1.1 billion valuation. The Series E funding round led by WestBridge Capital and GSV Ventures has made LEAD the first Indian EdTech unicorn this year. LEAD is a school EdTech startup that enables schools to combine technology, curriculum, and pedagogy into an integrated teaching and learning system. It claims to have more than 5000 schools from across 500 Indian cities on board, serving more than 2 million students. In 2021, this EdTech startup raised over US$4.7 Billion to emerge as the third-most funded Indian education technology startup sector of 2021. It is the top highlighted EdTech funding you should know in 2022.

Scaler Academy

Education technology startup Scaler Academy, which helps college students and tech professionals upgrade their skills, said it has raised US$55 million in a Series B funding round led by Lightrock India. The company, whose valuation has increased to US$710 million after the funding, will use the capital for expansion, inorganic growth, and to beef up its technology platform.

Wise

EdTech startup, Wise, has raised US$5 Million in fresh funding from James Beshara and a clutch of other institutional investors. The funding round also saw the participation of VC funds including Weekend Fund, Shrug Capital, RemoteFirst Capital, Taurus VC, Operators Partners as well as other individual investors. This top highlighted EdTech funding will be used by the startup to expand its footprint globally. Wise will also use the investment to build B2B solutions for tutoring academies who are already using its platform. It is one of the best highlighted EdTech funding you should know in 2022.

CoLearn

CoLearn, an EdTech startup in Southeast Asia, on Thursday announced it has raised an additional US$17 million as part of its Series A follow-on funding led by TNB Aura, KTB Network, and BINUS GROUP. The round also saw participation from existing investors AWI, Sequoia Capital India’s Surge, GSV Ventures, AC Ventures, Leo Capital, and January Capital. The company has closed the Series A round at US$27 million.

GoStudent

Fresh from raising a US$244 million Series C (that valued the company at US$1.7 billion) back in June, K12 online tutoring marketplace GoStudent has now raised a US$340 million Series D round led by new investor Prosus, an Amsterdam-based investment firm best known for investing in Latin American and U.S.-based LatinX internet properties. It is one of the best highlighted Ed-tech funding you should know in 2022.

Orcas

Egypt-based educational technology start-up Orcas has secured US$2.1 million in new funding to expand its operations in the Middle East and North Africa and further develop its product to boost online learning. The funding round was led by CIRA’s NFX Ventures and Access Bridge Ventures, with participation from Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund, and Seedstars International.

Career Karma

Career Karma (education technology firm) raised its first million off of a pitch that resonates with anyone who has ever googled coding bootcamps: a navigation tool for aspiring students and working professionals. Instead of creating its own curriculum, Career Karma helps students find the best programs for their price point and career goals.

Studytube

Studytube, a Dutch education technology platform, has acquired Springest, a European training-booking marketplace. Simultaneously it’s closed a US$30 million Series B investment round led by Energy Impact Partners (EIP) and existing investor Verdane Capital. Terms of the acquisition were not disclosed. It is one of the best highlighted EdTech funding you should know in 2022.