The education-to-employment sector that serves adult learners has the attention of venture capitalists—dozens of “unicorn” edtech start-ups have valuations of more than $1 billion, note McKinsey partner Saurabh Sanghvi and coauthor. In 2010, most of the $500 million in global venture capital funding in the sector went to US-based firms. Now, funding for edtech has climbed to nearly $21 billion, with China, India, and other parts of the world grabbing larger shares.

The global race for edtech funding is accelerating, and competition spans across all previous boundaries.

To read the article, see “Five trends to watch in the edtech industry,” November 14, 2022.