Edtech funding fell behind. While in the first half of the last year Edtech’s VC funding remained strong, the second half of the year was less optimistic as the surge of capital that defined 2021 being replaced by a pullback in VC investment and valuations.
In 2022, global Edtech startups raised $9.1B, that’s down 55% from 2021 but still 18% higher than pre-pandemic levels. In this environment, European Edtech remained the most resilient region. While the European VC funding in 2022 decreased by 31% compared to 2021, still doubled compared to 2020 ($0.9B vs $1.8B).
Almost all core European (UK, Germany and Austria) retained their top spot in 2022 in terms of funding and number of deals, however, France experienced the most significant drop in funding (-80% compared to 2021). Moreover, smaller yet untapped European markets started to gain some momentum, with Spain making it to the 5th most funded European country, and Italy standout as one of the fastest growing in VC funding.
Brighteye Ventures’ fourth annual European Funding report, made with the support of Dealroom data, digs into the development of the Edtech funding landscape to date, the most prominent markets, and future trends set to define the next generation of startups and of learners.
🇬🇧 Hack The Box, a gamified cybersecurity training platform, raised a $55M Series B, led by Carlyle, with participation from Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures and Endeavor Catalyst Fund.
🇺🇸 BEGiN, an education company owner of HOMER, KidPass and others, raised a $94.5M Late VC round according to SEC fillings.
🇮🇳 Non-banking lender for education loans Avanse Financial Services raised a $49.2M Growth Equity VC round led by Kedaara Capital.
🇮🇳 Management platform Toddle raised a $17M Series A led by Sequoia Capital, with participation from Tenacity Ventures, Trifecta Capital, Matrix Partners, Beenext, and Better Capital.
🇺🇸 Ahura AI, an AI assistance focused on workforce development, raised a $5.6M Seed round.
🔎 A year in review: Dealroom's coverage of Edtech in 2022
With support from our partners at Brighteye and other industry experts, in our first year covering Edtech as a vertical, we've covered several segments and geographies, from online tutoring, and student loan startups to Italy's Edtech ecosystem.
This is Dealroom's bi-weekly edtech newsletter. Get more industry-specific intelligence on the evolving world of edtech, expert insights on education, training, skills, and more.
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