In the ever-evolving landscape of Edtech, a select few companies have risen to the forefront, capturing the imagination and investment of the startup world. These 32 Edtech unicorns, valued at over $1 billion, are pioneering advancements that have the potential to reshape industries and redefine our future. In this list, we will take a closer look at the top Edtech unicorn companies, and explore their other details.
Top 32 Edtech Unicorn Companies
1. LEAD School
Indian edtech company offering a digital curriculum for K-12 education and teacher training.
Company Details:
- City: Andheri
- Country: India
- Valuation: $1.10B
- Founded Year: 2012
- Fund Raised: $166M
- Joined Unicorn Club: 1/13/2022
- Key Investors: WestBridge Capital, GSV Ventures, Elevar Equity
- Key Investors Count: 6
- Funding Deals: 1
- Website: https://www.leadschool.in/
2. Yuanfudao
A Chinese online education platform that provides live courses and personalized tutoring services.
Company Details:
- City: Beijing
- Country: China
- Valuation: $15.50B
- Founded Year: 2012
- Fund Raised: $4.044B
- Joined Unicorn Club: 5/31/2017
- Key Investors: Tencent Holdings, Warbug Pincus, IDG Capital
- Key Investors Count: 18
- Funding Deals: 7
- Website: https://www.yuanfudao.com/
3. VIPKid
A Chinese online education platform that provides English language courses and tutoring services for students in China.
Company Details:
- City: Beijing
- Country: China
- Valuation: $4.50B
- Founded Year: 2013
- Fund Raised: $975.49M
- Joined Unicorn Club: 8/4/2016
- Key Investors: Sequoia Capital China, Tencent Holdings, Sinovation Ventures
- Key Investors Count: 12
- Funding Deals: 3
- Website: https://www.vipkid.com/
4. Zuoyebang
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- City: Beijing
- Country: China
- Valuation: $3B
- Founded Year: 2014
- Fund Raised: $3.435B
- Joined Unicorn Club: 7/18/2018
- Key Investors: Sequoia Capital China, Xiang He Capital, GGV Capital
- Key Investors Count: 17
- Funding Deals: 2
- Website: https://www.zuoyebang.com/
5. Fenbi Education
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- City: Beijing
- Country: China
- Valuation: $1.95B
- Founded Year: 2015
- Fund Raised: $390M
- Joined Unicorn Club: 2/7/2021
- Key Investors: Trustbridge Partners, Hony Capital, IDG Capital
- Key Investors Count: 8
- Funding Deals: 1
- Website: https://www.fenbi.com/
6. Pipa Coding
A Chinese online programming education platform that provides programming education solutions and services for individuals.
Company Details:
- City: Beijing
- Country: China
- Valuation: $1.20B
- Founded Year: 2017
- Fund Raised: $267.73M
- Joined Unicorn Club: 3/25/2021
- Key Investors: Source Code Capital, XVC Venture Capital, Hillhouse Capital Management
- Key Investors Count: 11
- Funding Deals: 2
- Website: https://www.pipacoding.com/
7. Luoji Siwei
A Chinese AI and big data company that provides AI and big data solutions and services for businesses.
Company Details:
- City: Beijing
- Country: China
- Valuation: $1.18B
- Founded Year: 2012
- Fund Raised: $188.15M
- Joined Unicorn Club: 7/20/2017
- Key Investors: Sequoia Capital China, Qiming Venture Partners, Tencent Holdings
- Key Investors Count: 8
- Funding Deals: 2
- Website: https://www.luojisiwei.com/
8. KnowBox
A Chinese education technology company that provides edtech solutions and services for businesses.
Company Details:
- City: Beijing
- Country: China
- Valuation: $1B
- Founded Year: 2014
- Fund Raised: $306.16M
- Joined Unicorn Club: 5/30/2019
- Key Investors: TAL Education Group, Legend Star, Alibaba Group
- Key Investors Count: 13
- Funding Deals: 2
- Website: https://www.knowbox.cn/
9. Huike Group
A Chinese real estate company that provides real estate solutions and services for businesses.
Company Details:
- City: Beijing
- Country: China
- Valuation: $1B
- Founded Year: 2010
- Fund Raised: $63M
- Joined Unicorn Club: 5/24/2018
- Key Investors: Fosun RZ Capital, Oceanwide Holdings, Shenzhen Qianhe Capital Management Co.
- Key Investors Count: 4
- Funding Deals: 1
- Website: http://www.huike.cn/
10. BYJU’s
An Indian educational technology company that provides online learning programs for students.
Company Details:
- City: Bengaluru
- Country: India
- Valuation: $21B
- Founded Year: 2008
- Fund Raised: $5.183B
- Joined Unicorn Club: 7/25/2017
- Key Investors: Tencent Holdings, Lightspeed India Partners, Sequoia Capital India
- Key Investors Count: 45
- Funding Deals: 19
- Website: https://byjus.com/
11. Unacademy
An Indian online education platform that provides online courses and tutorials for students and educators.
Company Details:
- City: Bengaluru
- Country: India
- Valuation: $3.44B
- Founded Year: 2015
- Fund Raised: $875.73M
- Joined Unicorn Club: 9/2/2020
- Key Investors: Blume Ventures, Nexus Venture Partners, Sequoia Capital India
- Key Investors Count: 34
- Funding Deals: 9
- Website: https://unacademy.com/
12. Vedantu
Vedantu is an online tutoring platform that offers live, interactive classes to students from kindergarten to grade 12. It provides personalized learning experiences with one-on-one and group classes, and its subjects include math, science, and English.
Company Details:
- City: Bengaluru
- Country: India
- Valuation: $1B
- Founded Year: 2014
- Fund Raised: $308.38M
- Joined Unicorn Club: 9/29/2021
- Key Investors: Accel, Tiger Global Management, Omidyar Network
- Key Investors Count: 13
- Funding Deals: 5
- Website: https://www.vedantu.com/
13. Age of Learning
Age of Learning is a US-based education technology company that provides digital learning programs for children. The company’s platform includes ABCmouse, a comprehensive early learning program for children aged 2-8, and Adventure Academy, an immersive educational game for children aged 8-13. Age of Learning aims to provide accessible and engaging learning experiences for children worldwide.
Company Details:
- City: Glendale
- Country: United States
- Valuation: $3B
- Founded Year: 2007
- Fund Raised: $481.5M
- Joined Unicorn Club: 5/3/2016
- Key Investors: Iconiq Capital
- Key Investors Count: 4
- Funding Deals: 2
- Website: https://www.ageoflearning.com/
14. ApplyBoard
A Canadian online platform that provides international student recruitment solutions and services for educational institutions.
Company Details:
- City: Kitchener
- Country: Canada
- Valuation: $3B
- Founded Year: 2015
- Fund Raised: $479.91M
- Joined Unicorn Club: 5/5/2020
- Key Investors: Artiman Ventures, Plug and Play Ventures, Anthos Capital
- Key Investors Count: 19
- Funding Deals: 3
- Website: https://www.applyboard.com/
15. Multiverse
A UK-based edtech company providing an alternative to traditional higher education by offering apprenticeships and vocational training, combined with on-the-job learning, to help close the skills gap.
Company Details:
- City: London
- Country: United Kingdom
- Valuation: $1.70 B
- Founded Year: –
- Fund Raised: –
- Joined Unicorn Club: 6/8/2022
- Key Investors: Lightspeed Venture Partners, Google Ventures, General Catalyst
- Key Investors Count: –
- Funding Deals: –
- Website: https://multiverse.io/
16. Eruditus Executive Education
An Indian online executive education platform that provides online executive education courses for professionals.
Company Details:
- City: Mumbai
- Country: India
- Valuation: $3.20B
- Founded Year: 2010
- Fund Raised: $593.46M
- Joined Unicorn Club: 8/12/2021
- Key Investors: Sequoia Capital India, Softbank, Bertelsmann India Investments
- Key Investors Count: 13
- Funding Deals: 5
- Website: https://www.eruditus.com/
17. UpGrad
Online education platform offering courses in technology, management, and data science
Company Details:
- City: Mumbai
- Country: India
- Valuation: $1.20B
- Founded Year: 2015
- Fund Raised: $361.23M
- Joined Unicorn Club: 8/9/2021
- Key Investors: Qualcomm Ventures, Accel, Canaan Partners
- Key Investors Count: 5
- Funding Deals: 3
- Website: https://www.upgrad.com/
18. Articulate
An American e-learning authoring platform that provides course authoring and development solutions for businesses.
Company Details:
- City: New York
- Country: United States
- Valuation: $3.75B
- Founded Year: 2015
- Fund Raised: $376.5M
- Joined Unicorn Club: 7/1/2021
- Key Investors: Blackstone, ICONIQ Growth, General Atlantic
- Key Investors Count: 25
- Funding Deals: 5
- Website: https://articulate.com/
19. Degreed
Degreed is a US-based workforce learning and development company that provides solutions for upskilling and reskilling. The company’s platform includes features such as personalized learning pathways, skills assessment, and certification, with a focus on enabling individuals and businesses to acquire new skills and adapt to changing job requirements. Degreed has partnerships with leading education and technology companies and has raised significant funding to support its growth.
Company Details:
- City: Pleasanton
- Country: United States
- Valuation: $1.40B
- Founded Year: 2012
- Fund Raised: $385.92M
- Joined Unicorn Club: 4/13/2021
- Key Investors: Signal Peak Ventures, Owl Ventures, Jump Capital
- Key Investors Count: 14
- Funding Deals: 3
- Website: https://degreed.com/
20. Course Hero
An American online learning platform that provides study resources and tutoring services for students and educators.
Company Details:
- City: Redwood City
- Country: United States
- Valuation: $3.60B
- Founded Year: 2006
- Fund Raised: $475.68M
- Joined Unicorn Club: 2/12/2020
- Key Investors: NewView Capital, Maveron, Ridge Ventures
- Key Investors Count: 17
- Funding Deals: 4
- Website: https://www.coursehero.com/
21. Outschool
An American online learning platform that provides online learning solutions and services for students and teachers.
Company Details:
- City: San Francisco
- Country: United States
- Valuation: $3B
- Founded Year: 2015
- Fund Raised: $240.02M
- Joined Unicorn Club: 4/14/2021
- Key Investors: Uniion Square Ventures, Tiger Global Management, Lightspeed Venture Capital
- Key Investors Count: 13
- Funding Deals: 2
- Website: https://outschool.com/
22. MasterClass
MasterClass is a US-based online education platform that provides video courses taught by experts in their fields. The company’s platform includes courses in a range of subjects, including writing, cooking, music, and more. MasterClass aims to provide high-quality, accessible education for lifelong learners.
Company Details:
- City: San Francisco
- Country: United States
- Valuation: $2.75B
- Founded Year: 2015
- Fund Raised: $461.4M
- Joined Unicorn Club: 5/13/2021
- Key Investors: Institutional Venture Partners, New Enterprise Associates, Javelin Venture Partners
- Key Investors Count: 31
- Funding Deals: 4
- Website: https://www.masterclass.com/
23. ClassDojo
ClassDojo is a US-based communication platform that provides solutions for communication between teachers, students, and parents. The platform includes features such as messaging, behavior tracking, and class sharing, with a focus on enabling teachers and parents to communicate more efficiently and effectively about students’ progress and well-being. ClassDojo has partnerships with leading educational institutions and has gained significant recognition for its innovative approach to communication in education.
Company Details:
- City: San Francisco
- Country: United States
- Valuation: $1.25 B
- Founded Year: –
- Fund Raised: –
- Joined Unicorn Club: 7/21/2022
- Key Investors: General Catalyst, Unkork Capital, Tencent Holdings
- Key Investors Count: –
- Funding Deals: –
- Website: https://www.classdojo.com/
24. Quizlet
Quizlet is an online learning platform that provides tools for creating and sharing study materials. Their platform includes flashcards, quizzes, and other study games that help students learn and retain information.
Company Details:
- City: San Francisco
- Country: United States
- Valuation: $1B
- Founded Year: 2005
- Fund Raised: $62M
- Joined Unicorn Club: 5/13/2020
- Key Investors: Union Square Ventures, Altos Ventures, Costanoa Ventures
- Key Investors Count: 8
- Funding Deals: 3
- Website: https://quizlet.com
25. Changingedu
A Chinese online education company that provides online education solutions and services for individuals.
Company Details:
- City: Shanghai
- Country: China
- Valuation: $1.50B
- Founded Year: 2014
- Fund Raised: $188M
- Joined Unicorn Club: 10/30/2017
- Key Investors: Trustbridge Partners, IDG Capital, Sequoia Capital China
- Key Investors Count: 6
- Funding Deals: 1
- Website: https://www.changingedu.com/
26. iTutorGroup
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- City: Shanghai
- Country: China
- Valuation: $1B
- Founded Year: 1998
- Fund Raised: $315M
- Joined Unicorn Club: 11/18/2015
- Key Investors: QiMing Venture Partners, Temasek Holdings, Silverlink Capital
- Key Investors Count: 10
- Funding Deals: 1
- Website: https://www.itutorgroup.com/
27. HuJiang
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- City: Shanghai
- Country: China
- Valuation: $1B
- Founded Year: 2001
- Fund Raised: $223.29M
- Joined Unicorn Club: 10/29/2015
- Key Investors: China Minsheng Investment, Baidu, Wanxin Media
- Key Investors Count: 3
- Funding Deals: 1
- Website: https://www.hjenglish.com/
28. Yunxuetang
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- City: Suzhou
- Country: China
- Valuation: $1B
- Founded Year: 2011
- Fund Raised: $397.28M
- Joined Unicorn Club: 3/29/2021
- Key Investors: Matrix Partners China, Sequoia Capital China, Hundreds Capital
- Key Investors Count: 9
- Funding Deals: 1
- Website: https://www.yunxuetang.cn/
29. JoyTunes
Creates music education apps that use gamification to make learning fun and engaging.
Company Details:
- City: Tel Aviv
- Country: Israel
- Valuation: $1B
- Founded Year: 2011
- Fund Raised: $91.5M
- Joined Unicorn Club: 6/21/2021
- Key Investors: Genesis Partners, Aleph, Insight Partners
- Key Investors Count: 10
- Funding Deals: 3
- Website: https://www.joytunes.com/
30. Simply
Provides a cloud-based insurance platform that streamlines the insurance process for businesses.
Company Details:
- City: Tel Aviv
- Country: Israel
- Valuation: $1.00 B
- Founded Year: –
- Fund Raised: –
- Joined Unicorn Club: 6/21/2021
- Key Investors: Genesis Partners, Aleph, Insight Partners
- Key Investors Count: –
- Funding Deals: –
- Website: https://www.simplybusiness.com/
31. PhysicsWallah
Online learning platform providing physics and math courses for Indian students from classes 9 to 12.
Company Details:
- City: Uttar Pradesh
- Country: India
- Valuation: $1.10 B
- Founded Year: 2016
- Fund Raised: –
- Joined Unicorn Club: 6/7/2022
- Key Investors: GSV Ventures, WestBridge Capital
- Key Investors Count: –
- Funding Deals: –
- Website: https://www.physicswallah.com/
32. GoStudent
An Austrian online tutoring platform that provides online tutoring and education solutions for students and educators.
Company Details:
- City: Vienna
- Country: Austria
- Valuation: $3.50B
- Founded Year: 2017
- Fund Raised: $684.79M
- Joined Unicorn Club: 6/22/2021
- Key Investors: DN Capital, Left Lane Capital, Coatue Management
- Key Investors Count: 13
- Funding Deals: 3
- Website: https://gostudent.org/
Conclusion
As we conclude our exploration of the top 32 Edtech unicorn companies, it becomes evident that we are living in a time of remarkable startup progress. These companies have harnessed the power of Edtech to revolutionize industries, disrupt traditional models, and push the boundaries of what was once considered possible.