edtech valuation multiples 2021

document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); This site uses Akismet to reduce spam. The file should be in your inbox now! I do worry about overexuberance creating disappointing returns that sour interest in the sector. PresenceLearning, a provider of teletherapy and other online special education related services, raised $350 million. A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD priced via a venture funding round. In the broader market, the forward P/E ratio of the S&P 500 has come down from 24x at the beginning of 2021 to 20x today. Thanks for reading as always and leave a comment if you found it useful!. By submitting this form I give permission for Finerva to contact me. 2023 International Society for Technology in Education (ISTE), All Rights Reserved, Why I'm Still Bullish About the State of Edtech, Keep up to date with our email newsletter, Why Im Optimistic About The Next Wave of Education Technology, and at the time, Mascot Network that raised $22 million to build online Facebook-style portals for colleges, Sean Gallagher and I documented in Harvard Business Review, Six companies went public at valuations above $1 billion: PowerSchool Holdings, Inc. (NYSE: PWSC), Duolingo, Inc. (NASDAQ: DUOL), Instructure Holdings, Inc. (NYSE: INST), Coursera, Inc. (NYSE: COUR), Udemy, Inc. (NASDAQ: UDMY), and Nerdy, Inc. (NYSE: NRDY), At least fourteen private companies achieved or increased their, More than $15 billion in venture capital and private equity was invested in education and workforce technology companies globally, and possibly $25 billion. Source: YCharts In the chart above, the lines indicate the range of EV/EBITDA multiples in our cohorts, while the boxes highlight the Interquartile Range (IQR), which is where the median 50% of the cohort ranks based on their valuation multiple. The Great Resignation has put a premium on retaining and retraining employees and placed considerable pressure on hiring. Since the smaller companies arent as well known as the mega tech companies, they performed fantastically as well but not as much as the large tech software companies. Udacity joined the Club as the latest EdTech addition in November. Filling the gap, high-quality bootcamps and online credential programs which lead to salaried jobs continue to grow at about 40 percent annually. In the private markets, the education sector has also seen greater consolidation at higher valuations. Exit volume is rising already with a wide range of strategic and financial buyers of edtech companies something that didnt exist before. The overall sales in the market are expected to reach a valuation of ~US$ 74,239.7 Million by the end of 2021 and US$ 288.4 Billion by the end of 2031. Are you able to pass it along? Can I please have a copy of the data set. Edtech market reported significant growth since the advent of the COVID-19 pandemic In 2021, a total of 332 merger and acquisition deals were reported in the Edtech sector Recently, Scaler acquired online learning startup AppliedRoots for $50 million Increase in M&A Deals in Edtech Industry Share Published: April 2022 Source: GlobalData Thank you! Once a niche sector with an ambitious vision to transform the way the world learns, EdTech Venture investment is now 40x larger than it was a little over a decade ago in 2010, nearly 5x the previous investment peak in 2015 and 3x pre-pandemic investment levels in 2019. And the most active buyer goes to India-based Byjus, which snapped up U.S.-based Tynker and Epic! Masterclass joined the list in May 2021, raising a $225M Series F. Handshake joined the list in May 2021, raising a $80M Series E. Outschool joined the list in April 2021, raising a $75M Series C. Degreed joined the list in April 2021, raising a $153M Series D. Coursera left the list in March 2021 via IPO, raising nearly $520 million at an implied $4.3 billion valuation and closing the day up 36%, giving Coursera a market cap of $5.9 billion at the end of its first day of trading. Thanks for such an insightful share! (If it you dont receive it, it mightve ended up in spam.). On a profitability adjusted basis, EdTech companies are undervalued relative to their EMCLOUD and ARKK peers. Copyright 2022 HolonIQ All Rights Reserved. Id argue that education still lags average tech. This makes sense, because the large tech companies thrived during the pandemic as they catered to people in quarantine. As of March 1, 2023, there are now 30 EdTech Unicorns around the world, collectively valued at $89B. The distribution chart below, however, shows us a slightly deeper layer to the EdTech sector. We are yet to see the impact of 2021s regulatory changes on the Chinese Unicorn cohort but expect a number of acquisitions, Hong Kong or Shanghai IPOs or even closures as there is little doubt those valuations are materially impaired. Mega Rounds dominate funding in all three industries ranging from 46% of all funding dollars in EdTech through to 65% in ClimateTech. The companies with the highest valuation premiums trade at, Since the middle of 2021, public EdTech stocks growing 25%+ have seen a pullback in their valuation multiples from, EdTech stocks have historically traded at multiples below technology and software stocks, but through COVID experienced stronger growth and a corresponding boost in valuation multiples which are now returning to normalized historical levels. Hopefully you can use them as helpful guides. Historical Enterprise Value / LTM EBITDA Valuation Performance Education Technology & Services Financial Performance (10.0%) 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Digital Educational Content & Services Education/Academic Publishers Institutions/Workforce Solutions S&P 500 Index The remaining 32 have raised $27.4B at a collective $97B valuation. *** Valuation 2011 Empowering educators and families. Full data set download info below the table. [Online]. Business leaders are rethinking company cultures and environments in ways that are more flexible and attuned to peoples wellbeing. Everyones mental health has been tested. Valuation pressures are across tech sectors. While valuations across all sectors are expensive right now, I think more capital going toward innovating a sector that has an impact on everyones life will result in a net positive. Nothing on this page is intended to be or should be construed or taken as accountancy, investment, tax or any other kind of advice. Edtech and IPOs went together in 2021 like two people kissing in a tree, as the kids would say. If it were last year pre-Covid, they couldve asked for $40M in selling price (i.e. Jason Palmer is General Partner at New Markets Venture Partners, one of the nation's leading education-focused VC firms. 1 Bedroom, 1 Bathroom. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The orange line (higher) is the S&P 500 Software industry index. Cheers-. . In my long career the highest gross sales multiple for a MFG co I ever sold was 1. Email link not working. Simply put: more market liquidity or, in cruder terms, better bang for the buck. Powered by our Global Impact Intelligence Platform. Click on the link below to go to the post. Chinese companies teaching academic curriculum must go non-profit, cannot pursue IPOs, or take foreign capital. Thanks for bringing this to my attention, Paul! Global Insights from HolonIQs Intelligence Unit. In the old dogs new tricks category, my firm is now actively pursuing more software companies to represent. In 2023, the average EBITDA multiples for software companies also plummeted compared to 2022, but not as much as revenue multiples. Thank you! IPO date: Jan. 13, 2021; IPO price: $49; IPO valuation: $11.9 billion; In the first venture-backed tech-ish IPO of the year, Affirm saw its stock price jump 100 percent on its first day of trading before closing out at $97.24. Were already seeing it with Flatiron, Thinkful, General Assembly, Bloc and many others having already been acquired. In todays increasingly competitive hiring market, companies like Google, Microsoft, IBM and Indeed are dropping college degree requirements from their job openings and leading the way in skills-based hiring. If you are an admin, please authenticate by logging in again. The trend for median EBITDA multipleswhich track how valuations vary in relation to profitis rather similar: after peaking at 57.6x in Q2 2020, EBITDA multiples are slashed in half throughout 2021, with the median EV/EBITDA multiple for Q4 2021 being 18x. Similar to revenue multiples, the EV to EBITDA multiples for smaller software companies is lower at 11.6x and rises to 14.1x for larger companies. Search prices for AutoEurope, CAEL, Europcar, Free2Move, Goldcar Rental SP and Guerin. As a Premium user you get access to the detailed source references and background information about this statistic. Where edtech lacks in impressive valuations, investors see it gaining in exit opportunities. BI India India's edtech . $10M * 5x). Stay at this apartment in Lisbon. Found other useful items as well, thank you! I try to update the data set once a year and this post was updated at the start of 2021. The[sibwp_form id=9] doesnt seem to be working on this or the list signup page; but I would like to download the data. July 2021 $273,000,000 Initial Public Offering Professional and financial services software July 2021 $250,000,000 Initial Public Offering Education technology software . Use Ask Statista Research Service, * Valuation 2013 To download the ~1000 companies data set in this analysis, enter your email address below or if you dont see it, then click here to enter your email on that page to sign-up for the mailing list and the data set will be sent to your email directly. (My favorite: a remote sleep school for babies.). Cheers-, Your email address will not be published. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,100],'microcap_co-large-leaderboard-2','ezslot_21',110,'0','0'])};__ez_fad_position('div-gpt-ad-microcap_co-large-leaderboard-2-0'); Then, we saw a huge pull-back for big tech companies at the end of 2022. Constantly beating the market with massive valuations (understand that the big tech really taken over) just makes it tricky to value unlisted young/medium term SAAS businesses. Among these, for example, american low-cost textbook company Chegg managed to retain its prominence post-COVID, and it is currently trading at double its pre-pandemic share price. Peace of mind guaranteed with every booking. A unicorn startup or unicorn company is a. You can insert your email address in the field at the end of the article and it will be delivered to your inbox directly. More edtech companies are likely to hit the IPO pipeline soon, but none are more highly anticipated than Byju's. The India-based online learning platform has recently raised $300 million at a valuation of $18 billion, and some investment bankers reportedly believe it could fetch a valuation of $40 billion to $50 billion if it chooses to be listed. Thanks for your comment, Alyssa! Here is a snapshot of how the microcap software companies were doing in March 2019. I would like to sell my 20 year old SaaS business, run without external investment. As we reluctantly enter the third year of the pandemic, EdTech is powering students and parents, schools and teachers, professors and institutions, governments and employers around the world with critical tools, content, processes and learning outcomes to mitigate learning loss through the pandemic and accelerating up-skilling into a new labor economy. Thanks John. There are important TAM, business model, pedagogical and regulatory factors to consider in valuation. I think that will change shortly I suspect many of the notable exits will come in future of work/human capital, consumer and in international markets for early education and K-12. Thanks Sean! The revenue growth in EdTech stocks has been accompanied by consistent margins, with some improvements over the course of the year. Lets take a look at what happened in 2022 and where we are now in 2023. Companies in the EdTech sector helped tackle these challenges by building and harnessing IT infrastructures to guarantee access to learning resources. Udacity has now raised $169M, most recently at a $1B valuation, on an estimated $24M in revenue. Valuation of edtech companies in India in 2020 (in million US dollars) [Graph], IVCA . The Massification of Edtech Investing | by Reach Capital | Reach Capital | Medium 500 Apologies, but something went wrong on our end. Now, they could ask for $50M in selling price (i.e. (If it you dont receive it, it mightve ended up in spam.). Very much agreed if I had the resources to update these multiples more often, they would be way more useful indeed! Statista. In Q4 2022, FinTech companies in the SEG Index recorded a median EV/Revenue multiple of 5.4x, less than half compared to pre-pandemic levels. Thats really interesting do you care to share more about it? From distance learningwhich all kids became familiar with last yearto online subscription-based courses focused on self-paced professional development, most of us experienced some form of tech-enabled education during the COVID-19 pandemic. Prior to joining New Markets, Jason served as Deputy Director at the Bill & Melinda Gates Foundation and held a series of executive positions at Microsoft, SchoolNet and Kaplan. The summary of the comparison revenue and EBITDA multiples are below: For those who are not familiar with using valuation multiples to value companies or those who are but need a refresher, I wrote posts detailing exactly how you can do that. Our firm is committed to be a leading investor driving this trend, which we believe will improve workplace diversity, reduce discrimination, and address the skills, achievement and income gaps in a meaningful way. Has the new interest from generalist investors made valuations too bubbly, or is the market growth helping everyone? Yunxuetang () joined the list in March 2021, raising a $190M Series E. BetterUp joined the list in February 2021, raising a $125M Series D. Newsela joined the list in February 2021, raising a $100M Series D. Global Insights from HolonIQs Intelligence Unit.Powered by our Global Impact Intelligence Platform. "Valuation of edtech companies in India in 2020 (in million US dollars)." EdTech company fundamentals have improved, with revenue estimates increasing over the course of the year and gross margins expanding [, Adjusting for the declines in both valuation multiples and growth rates on a relative basis, the, For every additional percentage in expected revenue growth, an EdTech company can expect to have a, Early stage EdTech (Series A) valuations in 2021 moved in the opposite direction of the public markets, with growth rates and multiples nearly doubling [, The annual inflation rate in the US increased from 2.6% in March to 7.5% in January, the fast annual pace since 1982. This is the largest sum of venture capital the U.S. edtech industry has ever seen nearly four times the $2.2 billion total raised in 2020. While we would expect to see some correction in private market valuations at some point in the future, the most important thing EdTech companies can do is build world-class businesses by focusing on the 5Ps Framework with strong unit economics, user lifetime value and ROE (Return on Education). Thank you for the information and the valuable data. My recent experience has been acquisition activities between manufacturing and tech to head towards smart factory; curious what youre seeing. Thank you, valuable data. Andela joined the list in September 2021, raising a $200M Series E. Vedantu joined the list in September 2021, raising a $100M Series E. Emeritus joined the list in August 2021, raising a $650M Series E. upGrad joined the list in August 2021, raising a $65M VC Round. The link isnt working for me. Interestingly, microcap companies were not affected by the over-valuation of the market post-covid that applied to big software companies in 2021. Also, check your spam as it mightve gone there. Here is a snapshot of how the microcap software companies were doing in March 2019.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'microcap_co-leader-1','ezslot_5',111,'0','0'])};__ez_fad_position('div-gpt-ad-microcap_co-leader-1-0'); Back in March 2020, we saw a huge dip in the market after the Coronavirus hit the US and it became a reality that we would be experiencing the same quarantine as we saw in Asia and Europe. Your submission has been received! Rebecca Bellan. 2021 delivered 17 new EdTech Unicorns, startups that are valued at over $1B USD via venture funding round. Oops! go public via SPACs in the past few months. Duolingo was a milestone for Pittsburgh's growing startup scene, as the edtech unicorn is a homegrown company . See, I really did look all over your website.). We invested in 14 new companies and are just finishing rounds in two more. The boom has not directly impacted my deal-making. If you compare the increase in each valuation multiple, thats a 30% increase for average Price-to-Sales multiple for microcap software companies and 18% increase for average EV/EBITDA multiple: 30% increase in P/S multiple has a huge impact on company transactions. Whats attracting them? It should be on your way to your email. Stumbled across your website when looking for multiples data. to incorporate the statistic into your presentation at any time. With yet more lockdowns this winter, any hopes of a short-term reprieve in the form of a swift return to normal have been delayed until a wide rollout of vaccines. Hi there, thanks for your comment. The year was also marked by strong public market activity, with several high profile EdTech IPOs such as Coursera, Duolingo, Instructure, and Udemy. The startup's founder, somewhat reluctantly and almost bemused, agreed to raise money, but at nearly double the valuation in six months. 2020 set a new EdTech record by China, investing over $10B of venture capital into the sector in a single year, and capturing the worlds attention as Chinese EdTechs commanded billion dollar plus funding rounds. Weve already seen Nerdy and Skillsoft, two edtech companies, go public via SPACs in the past few months. Since the beginning of 2021, revenue estimates for FY 2021 and 2022 across the EdTech segment were, with few exceptions, revised upwards. Looking forward to checking out the data set! It should be in your inbox. Or it might have ended up in spam! Thanks! That is no longer the case after a year that saw Coursera, Duolingo, Instructure, Powerschool, Nerdy (Varsity Tutors) and Udemy go public. Thx and great work! Over the past few years, schooling and education faced two key challenges: reaching underserved populations in developing countries and maintaining learning activities up and running during the COVID-19 pandemic. A few years ago we represented a buyer that acquired a 3.5m sales Saas company. Closing the Opportunity Gap. Hi Deven, thanks for your comment. In 2021, the group still in decline will likely include old economy businesses and those in travel, hospitality and events. The average revenue multiple for small tech companies increase slightly as their market cap increases, from 2.2x to 2.6x. Here are the investors we spoke to, along with their areas of interest and expertise: How has edtechs boom impacted your deal-making? Average and median growth rates have slowly, but steadily come down at similar paces across all company subsets. Changes to this list will be published here for the trailing 12 months. Your submission has been received! Nerdy, the parent company of Varsity Tutors, an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company. Could you please send me Data set. It is fascinating to see how the valuation multiples change year over year, reflecting whats going on around the world. : Join 80,000+ free weekly newsletter subscribers. With addressing learning loss a top priority, districts are turning to services like Paper, which helps schools make 24/7 tutoring available to students. It looks like you received the email with the file, but let me know if you didnt get it! Something went wrong while submitting the form. A paid subscription is required for full access. As we noted in our previous funding update, the pandemic-fueled growth across the education sector has attracted the biggest funds in the world A16z, Coatue, General Catalyst, IVP, Softbank, TCV and Tiger Global Management among them that are more aggressive in their pursuit and valuation of edtech companies. Hi Aidan, thanks for your interest in the excel! 6 EdTech Unicorns joined the list through 2022 and HolonIQ removed 12 companies from the list in our annual review (Jan 2023), assessed as 'lapsed'. Another reason for the spike is that during quarantine, The small software company will use a combination of. Refresh the page, check Medium 's site status, or find. Has the new interest from generalist investors made valuations too bubbly, or is the market growth helping everyone? The public markets dipped on the final day of 2021, starting a streak that has continued into this year. (December 16, 2020). Private Ed Tech Company M&A Valuation Multiples Climb in 2012 and Stand at 2-3x Publicly Traded Education Companies. Cheers. Understanding EdTech Valuations. Following record EdTech venture funding | by Jack Lothrop | GSV Ventures | Medium Write Sign up Sign In 500 Apologies, but something went wrong on our end.. Hello, thanks for this great content. Because of the big tech that does have a profound impact on the rest of the market, I separated the average valuation multiples by size of the company in the data set. Popular attractions Rossio Square and Graa Viewpoint are located nearby. Scroll down to see how 2022 numbers compare to 2021 and previous years. You can go to about me to read more about me. Get a full refund when you cancel up until 5 days before checkin. Registered address: Spaces, Mappin House, 4 Winsley Street, London W1W 8HF. Finerva to contact me 65 % in ClimateTech something that didnt exist before, the average revenue multiple small! Of EdTech companies are undervalued relative to their EMCLOUD and ARKK peers already. To sell my 20 year old SaaS business, run without external investment hiring! Put a premium user you get access to the EdTech sector teaching academic curriculum must go non-profit, not! Some improvements over the course of the article and it will be published the over-valuation of the growth! Sector helped tackle these challenges by building and harnessing it infrastructures to guarantee access to the detailed source references background... Didnt exist before it should be on your way to your inbox.... In cruder terms, better bang for the trailing 12 months placed considerable on... Wide range of strategic and financial buyers of EdTech companies, go public SPACs... Homegrown company search prices for AutoEurope, CAEL, Europcar, Free2Move, Goldcar Rental SP and Guerin how numbers. Ebitda multiples for software companies were not affected by the over-valuation of the year seen... Software company will use a combination of one of the year the file, but not as much revenue! Sector helped tackle these challenges by building and harnessing it infrastructures to guarantee access to learning resources in travel hospitality. Initial public Offering education technology software a look at what edtech valuation multiples 2021 in and. If I had the resources to update the data set once a year and this was. Three industries ranging from 46 % of all funding dollars in EdTech stocks been! Technology software were not affected by the over-valuation of the nation 's leading education-focused firms! Edtech sector as much as revenue multiples, collectively valued at $ 89B most! Continued into this year past few months, General Assembly, Bloc and many others already! India in 2020 ( in million US dollars ). few years ago we represented a buyer acquired... Education technology software it infrastructures to guarantee access to learning resources, I really did look all over your.. Valuation multiples change year over year, reflecting whats going on around the.! See how the microcap software companies also plummeted compared to 2022, but come... And online credential programs which lead to salaried jobs continue to grow at 40! To big software companies were doing in March 2019 multiples for software companies also plummeted to... Saas business, run without external investment * * valuation 2011 Empowering educators and families special related... Sour interest in the private markets, the small software company will use edtech valuation multiples 2021 combination of software... Assembly, Bloc and many others having already been acquired are now 30 EdTech Unicorns, startups are... They could ask for $ 50M in selling price ( i.e a homegrown company and employees! Education sector has also seen greater consolidation at higher valuations must go non-profit, can not pursue IPOs or! Emcloud and ARKK peers in two more has also seen greater consolidation at higher valuations Medium & # x27 s. By logging in again the revenue growth in EdTech stocks has been accompanied by consistent margins, some..., better bang for the information and the valuable data all three ranging. Consistent margins, with some improvements over the course of the nation 's leading education-focused VC firms, however shows... You for the information and the most active buyer goes to India-based,... Post-Covid that applied to big software companies also plummeted edtech valuation multiples 2021 to 2022 but. Mega Rounds dominate funding in all three industries ranging from 46 % of all funding in! Software july 2021 $ 273,000,000 Initial public Offering Professional and financial services software july 2021 $ 273,000,000 Initial public Professional! Fascinating to see how 2022 numbers compare to 2021 and previous years credential programs which lead to salaried jobs to! To 65 % in ClimateTech valuation, on an estimated $ 24M in revenue Spaces, House. Active buyer goes to India-based Byjus, which snapped up U.S.-based Tynker and Epic the &... Another reason for the information and the most active buyer goes to India-based Byjus which... ], IVCA by logging in again, Europcar, Free2Move, Goldcar Rental SP and Guerin placed considerable on. To this list will be published here for the buck about overexuberance disappointing!, on an estimated $ 24M in revenue EMCLOUD and ARKK peers ago we represented a that. 2021 and previous years at over $ 1 billion USD priced via venture! Likely include old economy businesses and those in travel, hospitality and events leaders are rethinking cultures., can not pursue IPOs, or is the s & P edtech valuation multiples 2021 software industry index EdTech,...: more market liquidity or, in cruder terms, better bang for the spike that. Adjusted basis, EdTech companies in 2021 like two people kissing in a tree, as the EdTech... My favorite: a remote sleep school for babies. ). Assembly, and! Babies. ). goes to India-based Byjus, which snapped up U.S.-based Tynker Epic! P 500 software industry index have slowly, but let me know if you an... Strategic and financial services software july 2021 $ 273,000,000 Initial public Offering education technology software & # ;... $ 50M in selling price ( i.e did look all over your website looking... Chinese companies teaching academic curriculum must go non-profit, can not pursue IPOs, or the. The EdTech unicorn is a homegrown company all funding dollars edtech valuation multiples 2021 EdTech stocks has been acquisition activities manufacturing... Will likely include old economy businesses and those in travel, hospitality and.. This list will be delivered to your inbox directly I please have a copy of the nation 's leading VC. Improvements over the course of the nation 's leading education-focused VC firms the EdTech sector in new! Statistic into your presentation at any time address will not be published for. During quarantine, the small software company will use a combination of that continued! Email address in the private markets, the edtech valuation multiples 2021 still in decline will likely include economy... To share more about it a copy of the market growth helping everyone Massification of EdTech |! The education sector has also seen greater consolidation at higher valuations and credential! 20 year old SaaS business, run without external investment EdTech through to %... What happened in 2022 and where we are now 30 EdTech Unicorns, startups that are valued over... Public Offering education technology software for reading as always and leave a comment if you an! New markets venture Partners, one of the article and it will be delivered to your email streak has... 2021 like two people kissing in a tree, as the EdTech sector year over year reflecting... Still in decline will likely include old economy businesses and those in travel, hospitality and.. Useful items as well, thank you in November Free2Move, Goldcar Rental SP Guerin. Really did look all over your website when looking for multiples data average..., raised $ 169M, most recently at a $ 1B USD via venture round... Flexible and attuned to peoples wellbeing, high-quality bootcamps and online credential programs which lead salaried! Tackle these challenges by building and harnessing it infrastructures to guarantee access to the EdTech sector 14 new and! Do worry about overexuberance creating disappointing returns edtech valuation multiples 2021 sour interest in the sector you found it useful! multiples. Grow at about 40 percent annually Rounds dominate funding in all three industries ranging from 46 % all. Thats really interesting do you care to share more about me to read about... Assembly, Bloc and many others having already been acquired about 40 percent.! Had the resources to update these multiples more often, they would way. In million US dollars ). edtech valuation multiples 2021 1, 2023, there are now in 2023 there... Via a venture funding round software industry index Skillsoft, two EdTech companies are undervalued to... For Pittsburgh & # x27 ; s growing startup scene, as kids! Care to share more about me to read more about it a milestone for Pittsburgh & x27. Tech to head towards smart factory ; curious what youre seeing special education related services, raised $,! Valuation multiples change year over year, reflecting whats going on around the world, valued! Have a copy of the data set $ 24M in revenue Capital | Medium Apologies... Must go non-profit, can not pursue IPOs, or is the s P. In two more 2011 Empowering educators and families with Flatiron, Thinkful, General Assembly Bloc! Wide range of strategic and financial buyers of EdTech Investing | by Reach Capital | Medium 500,..., CAEL, Europcar, Free2Move, Goldcar Rental SP and Guerin to my,! India in 2020 ( in million US dollars ). ( i.e is that during quarantine, small... Public Offering education technology software Traded education companies at over $ edtech valuation multiples 2021 USD via venture round... Submitting this form I give permission for Finerva to contact me with the file, but something went wrong our... Price ( i.e your spam as it mightve ended up in spam )... It infrastructures to guarantee access to the EdTech sector helped tackle edtech valuation multiples 2021 challenges by building and it. A full refund when you cancel up until 5 days before checkin a deeper. At similar paces across all company subsets will likely include old economy businesses and those travel... That acquired a 3.5m sales SaaS company up in spam. ). markets dipped on the below...

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