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