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During the pandemic, the EdTech market attracted record investments
According to Trends, during the pandemic, investor interest in EdTech startups has skyrocketed.
Before the pandemic, in the US just 15% of college students and 1% of school children studied online. However, due to quarantine measures, schools had to provide online learning opportunities to far more people in a short time. This fact got investors interested in the EdTech market: in March, the volume of investments in this industry sharply increased with some investments of more than $1 billion.
EdSurge reports that in 2019, investments in EdTech companies were $ 1.66 billion, which was the highest in the previous five years. As recent events show, the educational technology market is actively growing, and it has great potential for development. For example, according to HolonIQ, educational technologies are only 3% of global education spending as a whole.
