Crunchbase's Aceable Scores $47M, As Startups Look To The Future Of Education (And Work) covers the continuing growth of venture capital investment in Edtech.
The article chart below (click to enlarge) shows some (but not all) of the bigger Edtech funding rounds in 2018.
Key quote on why this is happening:
College is more expensive these days, the way that we think about work and training is shifting, and existing positions are requiring more tech skills than ever before. All of these changes are giving way to differentiated approaches to education, whether that be supplying an alternative way to go to school or offering courses to improve upon the skills people already have.
The article also references a prior Crunchbase article, China’s Education Startups Continue To Pull In Massive Funding Rounds. It covers Chinese firms that have raised hundreds of millions of dollars, mostly to help Chinese kids with their homework or learn English.
The idea that education would be disrupted by technology was one of the most common futurist forecasts during the Internet boom of the late 1990s. And after a very long gestation period it appears to happening, especially in China.
It's also happening in independent worker space, with a growing number of companies offering Edtech based training to help independent workers upskill. As we said in a recent article on this topic:
On-demand learning platforms play an important role in helping independent workers (and others) build marketable skills. We believe they will continue to grow in importance in the coming years.
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