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1. TRACXN TOP BUSINESS MODELS REPORT
March 10, 2022
EDTECH

2. EdTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
EdTech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. EdTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Funding in last 1 year
3
K-12 EdTech $7.0B
Continued Learning $4.5B
Test Preparation Tech $2.6B
Higher Education Tech $1.8B
Pre-K EdTech $468M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
AngelList
IPV
26
9
8
Early
Stage
GSV Ventures
Owl Ventures
Tiger Global Management
11
10
7
Late
Stage
Owl Ventures
SoftBank Vision Fund
Sequoia Capital
8
8
7
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (42%)
India (27%)
Singapore (5%)
Canada (4%)
Austria (4%)
France (3%)
China (2%)
Others (12%)
$ Funding # Rounds
Articulate
(2002, United States)
$1.5B - Series A
BYJU'S
(2011, India)
$864M - Series F
EMERITUS
(2010, Singapore)
$650M - Series E
Eruditus
(2010, India)
$650M - Series E
Kajabi
(2009, United States)
$550M - Series A
BYJU'S
(2011, India)
$460M - Series F
Unacademy
(2015, India)
$440M - Series H
Course Hero
(2006, United States)
$380M - Series C
Presence Learning
(2009, United States)
$350M - Series E
BYJU'S
(2011, India)
$340M - Series F
GoStudent
(2016, Austria)
$340M - Series D
BetterUp
(2013, United States)
$339M - Series E

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲2 Online Test Preparation Courses $2.2B 9 BYJU'S | $864M | Series F Link
2▲3 Online Professional Learning Courses $1.6B 40 EMERITUS | $650M | Series E Link
3▼2 Online Subscription Based K-12 Academic Tutoring $748M 6 GoStudent | $340M | Series D Link
4▲16 Online Executive Education Courses $650M 1 Eruditus | $650M | Series E Link
5▲19 College Study Materials Platforms $439M 10 Course Hero | $380M | Series C Link
6▲31 Online Courses for Schools $421M 16 Amplify | $215M | Series D Link
7▲27 School Management Software $396M 23 GoGuardian | $200M | Series B Link
8▲62 Tutoring Platforms for Schools $391M 5 Paper | $270M | Series D Link
9▲32 Online Speech Therapy For Autistic Children $370M 3 Presence Lear.. | $350M | Series E Link
10▲37 K-12 Learning Gamification $307M 6 Age of Learning | $300M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲69 Kids Educational Games $307M 7 Age of Learning | $300M | Series E Link
12▲7 Online Vocational Skills Courses $297M 17 MasterClass | $225M | Series F Link
13▲2 Online K-12 Tutoring $265M 15 Outschool | $110M | Series D Link
14▲13 College Education Loans Platforms $204M 15 MPOWER Financ.. | $100M | Series C Link
15▼4 Online IT Education Courses $192M 9 Kaikeba | $92.6M | Series B Link
16▲26 Virtual Classroom For Tutors $180M 6 Teachmint | $78.0M | Series B Link
17▲26 Online K-12 Chinese Tutoring $163M 5 LingoAce | $105M | Series C Link
18▼12 Virtual Classroom Solutions $122M 5 Class | $105M | Series B Link
19-- Driving Tutor Discovery Platforms $120M 1 Ornikar | $120M | Series C Link
20▼11 Online Test Preparation Tutoring $110M 5 Vedantu | $100M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲52 Overseas Education Consulting Platforms $101M 10 Leap Scholar | $55.0M | Series C Link
22▲6 Online Multi Language Tutoring $93.5M 3 Lingoda | $68.0M | Series C Link
23▲73 College Admissions Advising Platforms $91.1M 18 Leap Scholar | $55.0M | Series C Link
24▲11 K-12 Student Assessment Tools $83.4M 9 GoFormative | $70.0M | Series A Link
25▲46 Online Healthcare Courses $70.6M 6 Lecturio | $45.1M | Series C Link
26▲20 Online Professional Tutoring $66.2M 9 Reforge | $60.0M | Series B Link
27▲17 Virtual K-12 Math Tutoring Platform $65.6M 6 Mathpresso | $50.0M | Series C Link
28▲77 School Data Analytics $63.0M 5 Panorama Edu.. | $60.0M | Series C Link
29▼16 Online K-12 Academic Courses $55.4M 16 PT Zenius Ed.. | $40.0M | Series B Link
30▼26 Online K-12 Academic Tutoring $55.4M 14 GoStudent | $340M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Online Piano Courses $50.0M 1 JoyTunes | $50.0M | Series C Link
32▼11 Kids English Learning Games $40.2M 2 Lingokids | $40.0M | Series C Link
33▲23 University Admissions Management Software $40.0M 1 Cialfo | $40.0M | Series B Link
34▲35 Online Coding Courses $39.9M 9 SoloLearn | $24.0M | Series B Link
35▲42 Cohort Based Course Creation Platforms $39.8M 3 Maven | $20.0M | Series A Link
36▲78
Online Govenment Services Exam Preparation
Courses
$37.7M 7 Adda247 | $20.0M | Series B Link
37▲30 College Listing Platforms $36.5M 5 CollegeDekho | $35.0M | Series B Link
38▲26 School Content Management System $35.0M 5 Kiddom | $35.0M | Series C Link
39▲59 Online Music Courses $31.0M 11 JoyTunes | $50.0M | Series C Link
40-- Courses To Earn College Credits $30.0M 1 Outlier | $30.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲24 Online Kids Coding Tutoring $28.5M 8 Camp K12 | $12.9M | Series A Link
42▼30 Online English Tutoring $28.3M 5 Ringle | $18.0M | Series A Link
43▲18 AR VR Based School Teaching Solutions $25.7M 4 PlayShifu | $17.0M | Series B Link
44▲8 University Proctoring Solutions $25.0M 1 Honorlock | $25.0M | Series B Link
45-- Playschool Discovery Platform $25.0M 1 Wonderschool | $25.0M | Series B Link
46-- Online Product Management Tutoring $25.0M 1 Product School | $25.0M | Series B Link
47▲25 Online Universities $22.2M 5 Lottus | $9.8M | Series A Link
48▲26 University Management Software $21.9M 6 Coursedog | $17.0M | Series A Link
49▼23 Pre School Management Software $20.5M 5 Famly | $18.0M | Series A Link
50▲54 Tech First IT Education Institutes $20.2M 2 Holberton | $20.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Courses
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.2B (▲39.4%)
9(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$5.7B
53
-
575
7
Test Preparation Tech (AMBOSS)
(# Cos: 3254 | $7.5B)
Digital Learning (BYJU'S)
(# Cos: 3037 | $7.4B)
Diversified (Vedantu)
(# Cos: 688 | $6.7B)
Self-Paced (Unacademy)
(# Cos: 575 | $5.7B)
Unacademy
(2015, India, $881M)
BYJU'S
(2011, India, $4.0B)
Toppr
(2013, India, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BYJU'S (2011, India)
$864M - Series F - Sep 2021
BYJU'S (2011, India)
$460M - Series F - Mar 2021
Unacademy (2015, India)
$440M - Series H - Aug 2021
BYJU'S (2011, India)
$340M - Series F - Jun 2021
BYJU'S (2011, India)
$50.0M - Series F - Jun 2021
Vidyakul (2017, India)
$4.2M - Seed - Sep 2021
Edukoya (2017, United Kingdom)
$3.5M - Seed - Dec 2021
View all 9 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses
02
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.6B (▲307%)
40(▲81.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
63
$4.1B
322
7
2599
24
Continued Learning (Babbel)
(# Cos: 14094 | $14.0B)
Professional (Udemy)
(# Cos: 7752 | $8.1B)
Online Learning (Codecademy)
(# Cos: 7614 | $8.0B)
Multi Disciplinary (Simplilearn)
(# Cos: 2850 | $4.2B)
Online Courses (upGrad)
(# Cos: 2599 | $4.1B)
upGrad
(2015, India, $477M)
Simplilearn
(2010, United States, $71.2M)
Udemy
(2010, United States, $373M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EMERITUS (2010, Singapore)
$650M - Series E - Aug 2021
upGrad (2015, India)
$185M - Series E - Aug 2021
Degreed (2012, United States)
$153M - Series D - Apr 2021
upGrad (2015, India)
$120M - Series D - Apr 2021
upGrad (2015, India)
$103M - Series E - May 2021
OpenClassrooms (1999, France)
$80.0M - Series C - Apr 2021
Platzi (2014, United States)
$62.0M - Series B - Dec 2021
View all 40 Funding Rounds on Tracxn Platform

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Subscription Based K-12
Academic Tutoring
03
11
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$748M (▼78.7%)
6(▼45.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$5.1B
24
1
100
4
K-12 EdTech (LEAD)
(# Cos: 18678 | $35.9B)
B2C Learning Solutions (BYJU'S)
(# Cos: 6610 | $22.5B)
School Curriculum (Vedantu)
(# Cos: 3722 | $18.1B)
Multi Subject (Unacademy)
(# Cos: 3078 | $17.7B)
Online Tutoring (Doubtnut)
(# Cos: 709 | $10.7B)
Subscription (GoStudent)
(# Cos: 100 | $5.1B)
GoStudent
(2016, Austria, $684M)
Ruangguru
(2014, Indonesia, $205M)
Cluey
(2017, Australia, $22.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GoStudent (2016, Austria)
$340M - Series D - Jan 2022
GoStudent (2016, Austria)
$244M - Series C - Jun 2021
GoStudent (2016, Austria)
$82.4M - Series B - Mar 2021
Ruangguru (2014, Indonesia)
$55.0M - Series C - Apr 2021
CoLearn (2019, Indonesia)
$17.0M - Series A - Jan 2022
CoLearn (2019, Indonesia)
$10.0M - Series A - Apr 2021

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Executive Education Courses
04
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$650M (▲475%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$816M
2
-
8
1
Continued Learning (Codecademy)
(# Cos: 14094 | $14.0B)
Professional (Simplilearn)
(# Cos: 7752 | $8.1B)
Online Learning (upGrad)
(# Cos: 7614 | $8.0B)
Executive Education (Training Calendar)
(# Cos: 8 | $816M)
Online Courses (Eruditus)
(# Cos: 8 | $816M)
Eruditus
(2010, India, $814M)
Training Calendar
(2015, United Arab Emi.., $2.1M)
Biznis.id
(2020, Indonesia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Eruditus (2010, India)
$650M - Series E - Aug 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
College Study Materials Platforms
05
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$439M (▲500%)
10( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$719M
76
-
460
9
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
B2C Learning Solutions (Varsity Tutors)
(# Cos: 1546 | $969M)
Learning Resources (Quizlet)
(# Cos: 695 | $751M)
Diversified (Course Hero)
(# Cos: 460 | $719M)
Course Hero
(2006, United States, $478M)
Quizlet
(2005, United States, $62.0M)
StuDocu
(2013, Netherlands, $51.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Course Hero (2006, United States)
$380M - Series C - Dec 2021
StuDocu (2013, Netherlands)
$50.0M - Series B - May 2021
Numerade (2017, United States)
$26.0M - Series A - Jul 2021
StudySmarter (2017, Germany)
$16.0M - Series A - Oct 2021
StudySmarter (2017, Germany)
$15.0M - Series A - May 2021
Maqsad (2021, Pakistan)
$2.1M - Seed - Sep 2021
Numerade (2017, United States)
Undisclosed - Series A - Aug 2021
View all 10 Funding Rounds on Tracxn Platform

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Courses for Schools
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$421M (▲1057%)
16(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
49
$2.1B
210
6
595
26
K-12 EdTech (Unacademy)
(# Cos: 18678 | $35.9B)
B2B2C Learning Solutions (Wonder Workshop)
(# Cos: 1558 | $5.3B)
School Curriculum (Nearpod)
(# Cos: 1104 | $4.4B)
Multi Subject (JumpStart)
(# Cos: 984 | $4.0B)
Online Courses (LEAD)
(# Cos: 595 | $2.1B)
LEAD
(2013, India, $171M)
Amplify
(2012, United States, $215M)
EVERFI
(2008, United States, $252M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Amplify (2012, United States)
$215M - Series D - Nov 2021
LEAD (2013, India)
$102M - Series E - Jan 2022
atama + (2017, Japan)
$45.3M - Series B - Jul 2021
LEAD (2013, India)
$30.0M - Series D - Apr 2021
Atom Learning (2017, United Kingdom)
$25.0M - Series A - Nov 2021
eSpark Learning (2010, United States)
$25.0M - Series C - Jan 2022
Kognity (2012, Sweden)
$20.0M - Series B - Jun 2021
View all 16 Funding Rounds on Tracxn Platform

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
GoGuardian (2014, United States)
$200M - Series B - Aug 2021
Xiaoyuetong (2016, China)
$120M - Series D - Jun 2021
Cialfo (2017, Singapore)
$40.0M - Series B - Jan 2022
Famly (2013, Denmark)
$18.0M - Series A - Nov 2021
Gredu (2016, Indonesia)
$4.0M - Series A - Jul 2021
JUNO (2010, India)
$3.5M - Seed - Aug 2021
Edunation (2011, Canada)
$3.0M - Seed - Jun 2021
View all 23 Funding Rounds on Tracxn Platform
School Management Software
07
15
Back to index
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
School IT (PowerSchool)
(# Cos: 6188 | $3.4B)
Suite (GoGuardian)
(# Cos: 3675 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$396M (▲752%)
23(▲9.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
102
$1.2B
304
4
3675
22
GoGuardian
(2014, United States, $200M)
Famly
(2013, Denmark, $24.5M)
NopaperForms
(2017, India, $4.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Tutoring Platforms for Schools
08
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$391M (▲5107%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$711M
11
-
32
4
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
B2B2C Learning Solutions (Wonder Workshop)
(# Cos: 1558 | $5.3B)
School Curriculum (JumpStart)
(# Cos: 1104 | $4.4B)
Multi Subject (LEAD)
(# Cos: 984 | $4.0B)
Online Tutoring (Paper)
(# Cos: 32 | $711M)
Paper
(2014, Canada, $379M)
Knowbox
(2014, China, $306M)
Elevate K-12
(2015, United States, $14.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Paper (2014, Canada)
$270M - Series D - Feb 2022
Paper (2014, Canada)
$100M - Series C - Jun 2021
Tutored by Te.. (2019, United States)
$10.0M - Series A - Feb 2022
Elevate K-12 (2015, United States)
$9.5M - Series B - Mar 2021
Memby (2020, Lithuania)
$1.0M - Seed - Aug 2021

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Speech Therapy For Autistic
Children
09
17
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$370M (▲1268%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$458M
22
-
52
3
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
Assistive Tech for Differently Abled Students
(EarlyBird)
(# Cos: 265 | $532M)
Autism (Rethink)
(# Cos: 161 | $491M)
Online Speech Therapy (Presence
Learning)
(# Cos: 52 | $458M)
Presence Learning
(2009, United States, $414M)
Rethink
(2007, United States, $16.9M)
Expressable
(2019, United States, $20.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Presence Lear.. (2009, United States)
$350M - Series E - Dec 2021
Expressable (2019, United States)
$15.0M - Series A - Feb 2022
Expressable (2019, United States)
$5.4M - Seed - May 2021

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
K-12 Learning Gamification
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$307M (▲1778%)
6(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$744M
154
2
683
12
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (BYJU'S)
(# Cos: 6610 | $22.5B)
School Curriculum (Vedantu)
(# Cos: 3722 | $18.1B)
Multi Subject (Unacademy)
(# Cos: 3078 | $17.7B)
Activity Based Learning (Quizlet)
(# Cos: 1117 | $1.0B)
Games (Enuma)
(# Cos: 683 | $744M)
Enuma
(2012, United States, $17.5M)
Pandai
(2019, Malaysia, $2.1M)
Tinybop
(2011, United States, $17.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Age of Learning (2007, United States)
$300M - Series E - Jun 2021
Zigazoo (2020, United States)
$4.0M - Seed - Apr 2021
Pandai (2019, Malaysia)
$2.0M - Seed - Jan 2022
Jeel (2019, United States)
$1.2M - Seed - Jul 2021
Pandai (2019, Malaysia)
$125K - Seed - Sep 2021
Bamboo Learning (2005, United States)
Undisclosed - Seed - Dec 2021

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Age of Learning (2007, United States)
$300M - Series E - Jun 2021
Lingokids (2014, United States)
$40.0M - Series C - Jun 2021
Little Singham (2020, India)
$2.5M - Seed - Oct 2021
MarcoPolo Le.. (2012, United Kingdom)
$2.0M - Series A - Aug 2021
My First Fiv.. (2021, United Kingdom)
$1.9M - Seed - Jan 2022
My First Fiv.. (2021, United Kingdom)
$270K - Seed - Jun 2021
OckyPocky (2015, India)
$203K - Seed - Sep 2021
Kids Educational Games
11
19
Back to index
Pre-K EdTech (Brightwheel)
(# Cos: 1673 | $2.5B)
B2C Learning Solutions (Learn With Homer)
(# Cos: 1093 | $1.7B)
Games (JumpStart)
(# Cos: 592 | $888M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$307M (▲8091%)
7( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$888M
99
1
592
11
JumpStart
(1991, United States, $44.4M)
Lingokids
(2014, United States, $66.0M)
Duck Duck Moose
(2008, United States, $7.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Vocational Skills Courses
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$297M (▲159%)
17(▲88.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$869M
103
-
444
12
Continued Learning (upGrad)
(# Cos: 14094 | $14.0B)
Vocational (Babbel)
(# Cos: 5503 | $5.1B)
Multi Disciplinary (Brit + Co)
(# Cos: 885 | $972M)
Online Courses (MasterClass)
(# Cos: 444 | $869M)
MasterClass
(2014, United States, $461M)
Brit + Co
(2011, United States, $50.0M)
Craftsy
(2010, United States, $106M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MasterClass (2014, United States)
$225M - Series F - May 2021
CLASS101 (2018, South Korea)
$26.0M - Series B - Sep 2021
FrontRow (2020, India)
$14.0M - Series A - Aug 2021
GetSetup (2019, United States)
$10.0M - Seed - Nov 2021
The Shift Net.. (2010, United States)
$8.7M - Series A - Oct 2021
The Desire Co.. (2020, United States)
$8.0M - Series A - Nov 2021
Alippo (2019, India)
$6.7M - Seed - Nov 2021
View all 17 Funding Rounds on Tracxn Platform

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online K-12 Tutoring
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$265M (▲98.8%)
15(▼11.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$462M
50
-
559
6
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (Unacademy)
(# Cos: 6610 | $22.5B)
Diversified (Outschool)
(# Cos: 1136 | $521M)
Online Tutoring (Cuemath)
(# Cos: 559 | $462M)
Cuemath
(2013, India, $69.1M)
Outschool
(2015, United States, $240M)
Yellow Class
(2020, India, $7.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Outschool (2015, United States)
$110M - Series D - Oct 2021
Outschool (2015, United States)
$75.0M - Series C - Apr 2021
BrightCHAMPS (2020, India)
$51.0M - Series C - Nov 2021
PlanetSpark (2017, India)
$13.5M - Series B - Nov 2021
Yellow Class (2020, India)
$6.0M - Series A - Aug 2021
Synthesis (2020, United States)
$5.0M - Series A - May 2021
Marathon Education (2021, Vietnam)
$1.5M - Seed - Aug 2021
View all 15 Funding Rounds on Tracxn Platform

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
MPOWER Financ.. (2014, United States)
$100M - Series C - Jul 2021
Mos (1994, United States)
$40.0M - Series B - Feb 2022
Propelld (2016, India)
$35.0M - Series B - Feb 2022
Credenc (2017, India)
$25.0M - Series A - Jul 2021
Kuhoo (2021, India)
$20.0M - Seed - Mar 2022
Eduvanz (2016, India)
$13.5M - Series B - Aug 2021
Stride Funding (2018, United States)
$12.0M - Series A - Dec 2021
View all 15 Funding Rounds on Tracxn Platform
College Education Loans Platforms
14
22
Back to index
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Admissions Support for Students (Leap Scholar)
(# Cos: 1184 | $2.3B)
Loans (SimpleTuition)
(# Cos: 117 | $920M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$204M (▲237%)
15(▼11.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$920M
63
2
117
15
SimpleTuition
(2006, United States, $23.0M)
Avanse
(2013, India, $35.4M)
Leap Finance
(2019, India, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online IT Education Courses
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$192M (▲7%)
9(▼18.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.1B
96
2
1043
10
Continued Learning (Babbel)
(# Cos: 14094 | $14.0B)
Professional (Simplilearn)
(# Cos: 7752 | $8.1B)
Online Learning (upGrad)
(# Cos: 7614 | $8.0B)
IT Education (General Assembly)
(# Cos: 2079 | $1.7B)
Diversified (Udacity)
(# Cos: 1126 | $1.4B)
Online Courses (Codecademy)
(# Cos: 1043 | $1.1B)
Codecademy
(2011, United States, $87.5M)
Udacity
(2011, United States, $238M)
Springboard
(2013, United States, $53.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kaikeba (2013, China)
$92.6M - Series B - Jul 2021
Digital House (2015, Argentina)
$50.0M - Series B - Mar 2021
Career Karma (2016, United States)
$40.0M - Series B - Jan 2022
Winc Academy (2018, Netherlands)
$3.0M - Seed - Jan 2022
CCBP (2020, India)
$2.8M - Seed - Nov 2021
CoderSchool (2015, Vietnam)
$2.6M - Seed - Sep 2021
CODING INVADERS (2021, India)
$700K - Seed - Jul 2021
View all 9 Funding Rounds on Tracxn Platform

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Teachmint (2020, India)
$78.0M - Series B - Oct 2021
Classplus (2015, India)
$65.0M - Series C - Jun 2021
Teachmint (2020, India)
$20.0M - Series A - Jul 2021
Teachmint (2020, India)
$16.5M - Series A - Apr 2021
Edmingle (2016, India)
$300K - Seed - Jun 2021
Pearl (2021, United States)
$91.6K - Seed - Apr 2021
Virtual Classroom For Tutors
16
24
Back to index
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
Business Management Software for Tutors
(Teachmint)
(# Cos: 125 | $216M)
Virtual Classroom (Classplus)
(# Cos: 23 | $211M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$180M (▲583%)
6(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$211M
7
-
23
3
Classplus
(2015, India, $88.4M)
Teachmint
(2020, India, $118M)
Winuall
(2015, India, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online K-12 Chinese Tutoring
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$163M (▲543%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$224M
10
-
42
3
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (Unacademy)
(# Cos: 6610 | $22.5B)
Language Learning (Open English)
(# Cos: 631 | $2.8B)
Chinese (He Xiaoxiang)
(# Cos: 51 | $224M)
Online Tutoring (LingoAce)
(# Cos: 42 | $224M)
LingoAce
(2013, Singapore, $180M)
He Xiaoxiang
(2017, China, $28.2M)
TutorMandarin
(2016, Taiwan)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LingoAce (2013, Singapore)
$105M - Series C - Dec 2021
LingoAce (2013, Singapore)
$55.0M - Series B - Oct 2021
T-Lab (2020, Singapore)
$1.6M - Seed - Sep 2021
PPtutor (2020, China)
$1.5M - Angel - Apr 2021
Huan Chuang Technology (2015, China)
Undisclosed - Series B - Apr 2021

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Class (2020, United States)
$105M - Series B - Jul 2021
Class (2020, United States)
$12.3M - Series A - Apr 2021
WISE (2020, India)
$5.0M - Series A - Jan 2022
InSpace (2020, United States)
Undisclosed - Seed - Jun 2021
Baijiayun (2014, China)
Undisclosed - Series C - Jul 2021
Virtual Classroom Solutions
18
26
Back to index
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
Tech for Teachers (Kahoot)
(# Cos: 1775 | $1.6B)
Virtual Classroom (Class)
(# Cos: 108 | $503M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$122M (▼65.5%)
5(▼58.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$503M
18
-
108
4
Class
(2020, United States, $164M)
WISE
(2020, India, $5.0M)
Impartus
(2013, India, $5.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Driving Tutor Discovery Platforms
19
27
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$177M
7
-
18
1
Continued Learning (upGrad)
(# Cos: 14094 | $14.0B)
Vocational (Babbel)
(# Cos: 5503 | $5.1B)
Driving (Aceable)
(# Cos: 174 | $286M)
Tutor Discovery (Ornikar)
(# Cos: 18 | $177M)
Ornikar
(2013, France, $175M)
En Voiture Simone
(2006, France, $2.3M)
Driverli
(2019, Australia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ornikar (2013, France)
$120M - Series C - Apr 2021

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$110M (▼46.2%)
5(▼16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$945M
30
1
109
7
Test Preparation Tech (AMBOSS)
(# Cos: 3254 | $7.5B)
Digital Learning (BYJU'S)
(# Cos: 3037 | $7.4B)
Diversified (Unacademy)
(# Cos: 688 | $6.7B)
Instructor-Led (Vedantu)
(# Cos: 109 | $945M)
Vedantu
(2011, India, $308M)
Varsity Tutors
(2007, United States, $107M)
Princeton Review
(1981, United States, $27.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vedantu (2011, India)
$100M - Series E - Sep 2021
ZinEdu (2018, India)
$3.3M - Seed - Mar 2021
Oliveboard (2012, India)
$3.1M - Seed - Jul 2021
Vedantu (2011, India)
$2.0M - Series E - Feb 2022
My Classroom Foundation (2020, India)
$1.5M - Seed - Sep 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Overseas Education Consulting
Platforms
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$101M (▲1291%)
10(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$159M
39
1
124
3
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Admissions Support for Students
(SimpleTuition)
(# Cos: 1184 | $2.3B)
Admission Consulting (Noodle)
(# Cos: 449 | $493M)
Study Abroad (Leap Scholar)
(# Cos: 124 | $159M)
Leap Scholar
(2019, India, $77.5M)
Leverage Edu
(2017, India, $22.9M)
Admission Table
(2013, India)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leap Scholar (2019, India)
$55.0M - Series C - Sep 2021
Leap Scholar (2019, India)
$17.0M - Series B - Mar 2021
Leverage Edu (2017, India)
$12.7M - Series B - Jan 2022
Adventus (2019, Singapore)
$8.8M - Series A - Apr 2021
StudyFree (2018, United States)
$3.0M - Seed - Dec 2021
Abroad Pass (2018, China)
$1.5M - Seed - Aug 2021
The WorldGrad (2020, India)
$1.0M - Seed - Apr 2021
View all 10 Funding Rounds on Tracxn Platform

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Multi Language Tutoring
22
30
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$93.5M (▲73.2%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.1B
43
-
242
9
Continued Learning (upGrad)
(# Cos: 14094 | $14.0B)
Vocational (Rosetta Stone)
(# Cos: 5503 | $5.1B)
Language Learning (Open English)
(# Cos: 2859 | $3.0B)
Multi Language (Babbel)
(# Cos: 1002 | $1.7B)
Online Tutoring (Italki)
(# Cos: 242 | $1.1B)
Italki
(2007, China, $3.1M)
Verbling
(2011, United States, $7.3M)
Tandem
(2015, Germany, $8.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lingoda (2012, Germany)
$68.0M - Series C - Apr 2021
AmazingTalker (2016, Taiwan)
$15.5M - Series A - Feb 2022
Cakap (2015, Indonesia)
$10.0M - Series B - Dec 2021

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Leap Scholar (2019, India)
$55.0M - Series C - Sep 2021
Noodle (2010, United States)
$50.0M - Series C - Oct 2021
Crimson Education (2013, New Zealand)
$23.8M - Series D - Aug 2021
Leap Scholar (2019, India)
$17.0M - Series B - Mar 2021
Leverage Edu (2017, India)
$12.7M - Series B - Jan 2022
Empowerly (2014, United States)
$10.0M - Seed - Feb 2022
Adventus (2019, Singapore)
$8.8M - Series A - Apr 2021
View all 18 Funding Rounds on Tracxn Platform
College Admissions Advising Platforms
23
31
Back to index
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Admissions Support for Students
(SimpleTuition)
(# Cos: 1184 | $2.3B)
Admission Consulting (Leap Scholar)
(# Cos: 449 | $493M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$91.1M (▲5597%)
18(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$493M
105
1
449
9
Leap Scholar
(2019, India, $77.5M)
Noodle
(2010, United States, $125M)
Crimson Education
(2013, New Zealand, $73.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
GoFormative (2013, United States)
$70.0M - Series A - Jun 2021
Questt (2019, India)
$6.8M - Series A - Oct 2021
Dugga (2015, Sweden)
$5.1M - Series A - Apr 2021
Learnfully (2009, United States)
$1.3M - Seed - Dec 2021
Thrive (2019, Bangladesh)
$180K - Seed - Apr 2021
Edustack (2020, India)
$125K - Seed - Feb 2022
Trysolvio.ai (2019, India)
$62.4K - Seed - Mar 2021
View all 9 Funding Rounds on Tracxn Platform
K-12 Student Assessment Tools
24
32
Back to index
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
Tech for Teachers (Kahoot)
(# Cos: 1775 | $1.6B)
Student Assessment (Renaissance)
(# Cos: 614 | $598M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.4M (▲99.3%)
9(▼55%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
39
$598M
171
-
614
9
Renaissance
(1986, United States, $40.0M)
Quipper
(2010, Indonesia, $10.0M)
MasteryConnect
(2009, United States, $33.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Healthcare Courses
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$70.6M (▲854%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$375M
103
-
595
8
Continued Learning (Codecademy)
(# Cos: 14094 | $14.0B)
Professional (Simplilearn)
(# Cos: 7752 | $8.1B)
Online Learning (upGrad)
(# Cos: 7614 | $8.0B)
Healthcare (Picmonic)
(# Cos: 818 | $411M)
Diversified (MedBridge)
(# Cos: 605 | $390M)
Online Courses (AMBOSS)
(# Cos: 595 | $375M)
AMBOSS
(2012, Germany, $32.8M)
MedBridge
(2010, United States)
Picmonic
(2011, United States, $7.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lecturio (2008, Germany)
$45.1M - Series C - Dec 2021
OnlineMedEd (2012, United States)
$20.0M - Series B - Apr 2021
Virohan (2015, India)
$3.0M - Series A - May 2021
Virohan (2015, India)
$1.3M - Series A - Oct 2021
ArcheMedX (2012, United States)
$1.2M - Seed - Aug 2021
Protoqual Lea.. (2016, United States)
$100K - Seed - Feb 2022

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Professional Tutoring
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$66.2M (▲218%)
9(▲28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$92.2M
35
-
251
4
Continued Learning (Babbel)
(# Cos: 14094 | $14.0B)
Professional (Codecademy)
(# Cos: 7752 | $8.1B)
Online Learning (Simplilearn)
(# Cos: 7614 | $8.0B)
Multi Disciplinary (upGrad)
(# Cos: 2850 | $4.2B)
Online Tutoring (Reforge)
(# Cos: 251 | $92.2M)
Reforge
(2016, United States, $60.0M)
Talentedge
(2012, India)
Board Infinity
(2017, India, $911K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Reforge (2016, United States)
$60.0M - Series B - Mar 2022
MyCaptain (2016, India)
$3.0M - Seed - Jan 2022
Stoa School (2020, India)
$1.6M - Seed - Oct 2021
ReSkills (2017, Malaysia)
$1.5M - Angel - Nov 2021
Board Infinity (2017, India)
$83.3K - Seed - Aug 2021
tyutee (2020, India)
$10.1K - Seed - May 2021
Chase (2018, India)
$4.8K - Angel - Mar 2021
View all 9 Funding Rounds on Tracxn Platform

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Virtual K-12 Math Tutoring Platform
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$65.6M (▲177%)
6(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$158M
20
-
73
4
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (Vedantu)
(# Cos: 6610 | $22.5B)
School Curriculum (Unacademy)
(# Cos: 3722 | $18.1B)
Math (Symbolab)
(# Cos: 594 | $420M)
Online Tutoring (Yup)
(# Cos: 196 | $393M)
Virtual Tutor (Mathpresso)
(# Cos: 73 | $158M)
Mathpresso
(2015, South Korea, $105M)
Symbolab
(2011, Israel, $500K)
Photomath
(2014, United States, $29.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mathpresso (2015, South Korea)
$50.0M - Series C - Jun 2021
ByteLearn (2020, India)
$9.5M - Seed - Dec 2021
ByteLearn (2020, India)
$2.5M - Seed - Aug 2021
CLEVAI (2020, Singapore)
$2.1M - Seed - Sep 2021
Beijing Youyou Growth.. (2020, China)
$1.5M - Angel - Apr 2021
Mathpresso (2015, South Korea)
Undisclosed - Series C - Nov 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Panorama Educ.. (2012, United States)
$60.0M - Series C - Sep 2021
Innovare Soci.. (2017, United States)
$3.0M - Seed - Aug 2021
SchoolStatus (2012, United States)
Undisclosed - Seed - Jul 2021
Innovare Soci.. (2017, United States)
Undisclosed - Seed - Jun 2021
Beijing Jiezu Xianden.. (2018, China)
Undisclosed - Series A - Mar 2021
School Data Analytics
28
36
Back to index
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
School IT (Blackboard)
(# Cos: 6188 | $3.4B)
Data Analytics (PowerSchool)
(# Cos: 169 | $317M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$63.0M (▲7356%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$317M
58
1
169
4
PowerSchool
(1997, United States, $32.0M)
BrightBytes
(2012, United States, $52.2M)
Kidaptive
(2012, United States, $45.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online K-12 Academic Courses
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$55.4M (▼61%)
16(▼5.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$634M
199
2
1126
18
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (BYJU'S)
(# Cos: 6610 | $22.5B)
School Curriculum (Vedantu)
(# Cos: 3722 | $18.1B)
Multi Subject (Unacademy)
(# Cos: 3078 | $17.7B)
Online Courses (Shikho)
(# Cos: 1126 | $634M)
Shikho
(2019, Bangladesh, $1.6M)
Khan Academy
(2008, United States)
Vidyakul
(2017, India, $5.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PT Zenius Education (2007, Indonesia)
$40.0M - Series B - Mar 2022
Abwaab (2019, Jordan)
$20.0M - Series A - Nov 2021
uLesson (2019, Nigeria)
$15.0M - Series B - Dec 2021
Abwaab (2019, Jordan)
$5.1M - Seed - Mar 2021
90+ My Tuition App (2018, India)
$5.0M - Series A - May 2021
Vidyakul (2017, India)
$4.2M - Seed - Sep 2021
Emile (2020, United States)
$3.0M - Seed - May 2021
View all 16 Funding Rounds on Tracxn Platform

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online K-12 Academic Tutoring
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$55.4M (▼92.3%)
14(▼48.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$10.7B
140
3
709
22
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (BYJU'S)
(# Cos: 6610 | $22.5B)
School Curriculum (Vedantu)
(# Cos: 3722 | $18.1B)
Multi Subject (Unacademy)
(# Cos: 3078 | $17.7B)
Online Tutoring (Doubtnut)
(# Cos: 709 | $10.7B)
Doubtnut
(2016, India, $49.9M)
Varsity Tutors
(2007, United States, $107M)
Lido
(2019, India, $27.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GoStudent (2016, Austria)
$340M - Series D - Jan 2022
GoStudent (2016, Austria)
$244M - Series C - Jun 2021
GoStudent (2016, Austria)
$82.4M - Series B - Mar 2021
Ruangguru (2014, Indonesia)
$55.0M - Series C - Apr 2021
Filo (2020, India)
$23.0M - Series A - Mar 2022
MyTutor (2013, United Kingdom)
$20.7M - Series B - Sep 2021
CoLearn (2019, Indonesia)
$17.0M - Series A - Jan 2022
View all 14 Funding Rounds on Tracxn Platform

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Piano Courses
31
39
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$108M
7
-
34
2
Continued Learning (upGrad)
(# Cos: 14095 | $14.0B)
Vocational (Babbel)
(# Cos: 5504 | $5.1B)
Performing Arts (Yousician)
(# Cos: 724 | $432M)
Music (Skoove)
(# Cos: 630 | $320M)
Online Course (Trala)
(# Cos: 531 | $287M)
Piano (JoyTunes)
(# Cos: 34 | $108M)
JoyTunes
(2010, Israel, $93.0M)
Skoove
(2014, Germany, $4.7M)
Smart Piano
(2013, United States, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
JoyTunes (2010, Israel)
$50.0M - Series C - Jun 2021

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Kids English Learning Games
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$40.2M (▼63.6%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$184M
9
-
22
4
Pre-K EdTech (Brightwheel)
(# Cos: 1673 | $2.5B)
B2C Learning Solutions (Learn With Homer)
(# Cos: 1093 | $1.7B)
Games (JumpStart)
(# Cos: 592 | $888M)
Language Learning (Lingumi)
(# Cos: 28 | $184M)
English (Lingokids)
(# Cos: 22 | $184M)
Lingokids
(2014, United States, $66.0M)
Lingumi
(2015, United Kingdom, $7.7M)
OckyPocky
(2015, India, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lingokids (2014, United States)
$40.0M - Series C - Jun 2021
OckyPocky (2015, India)
$203K - Seed - Sep 2021

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
University Admissions Management
Software
33
41
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$40.0M (▲200%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$74.3M
4
-
21
1
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
College IT (Blackboard)
(# Cos: 2544 | $3.4B)
Admin Solutions (2U)
(# Cos: 598 | $1.2B)
Admissions (Cialfo)
(# Cos: 33 | $118M)
Suite (Kira Talent)
(# Cos: 21 | $74.3M)
Kira Talent
(2012, Canada, $9.0M)
Cialfo
(2017, Singapore, $57.0M)
OThot
(2014, United States, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cialfo (2017, Singapore)
$40.0M - Series B - Jan 2022

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Coding Courses
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$39.9M (▲409%)
9( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$134M
85
-
571
3
Continued Learning (Babbel)
(# Cos: 14095 | $14.0B)
Professional (Simplilearn)
(# Cos: 7752 | $8.1B)
Online Learning (upGrad)
(# Cos: 7614 | $8.0B)
IT Education (Codecademy)
(# Cos: 2079 | $1.7B)
Coding (Educative)
(# Cos: 609 | $145M)
Online Courses (SoloLearn)
(# Cos: 571 | $134M)
SoloLearn
(2014, United States, $30.9M)
Educative
(2015, United States, $14.4M)
Mimo
(2016, Austria, $686K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SoloLearn (2014, United States)
$24.0M - Series B - Jul 2021
Educative (2015, United States)
$12.0M - Series A - May 2021
Hyperion Devel.. (2012, South Africa)
$3.6M - Series A - Jun 2021
ByteXL (2018)
$200K - Angel - Sep 2021
MicroDegree (2019, India)
$151K - Seed - May 2021
Robust Results (2014, India)
$93.8K - Seed - Jun 2021
Log2Base2 (2019, India)
$33.7K - Angel - Jun 2021
View all 9 Funding Rounds on Tracxn Platform

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Cohort Based Course Creation Platforms
35
43
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$39.8M (▲684%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$49.8M
2
-
9
2
Continued Learning (upGrad)
(# Cos: 14095 | $14.0B)
Instructors IT (Ellevation)
(# Cos: 627 | $786M)
Online Courses (Teachable)
(# Cos: 350 | $710M)
Cohort Based (Maven)
(# Cos: 9 | $49.8M)
Maven
(2020, United States, $30.0M)
Disco
(2010, Canada, $19.8M)
Graphy
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Maven (2020, United States)
$20.0M - Series A - May 2021
Disco (2010, Canada)
$15.0M - Series A - Mar 2022
Disco (2010, Canada)
$4.8M - Seed - Mar 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Govenment Services Exam
Preparation Courses
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$37.7M (▲ >10K%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$79.3M
18
-
604
4
Test Preparation Tech (Vedantu)
(# Cos: 3254 | $7.5B)
Digital Learning (Unacademy)
(# Cos: 3037 | $7.4B)
Government Services (Adda247)
(# Cos: 634 | $83.3M)
Self-Paced (Testbook)
(# Cos: 604 | $79.3M)
Testbook
(2014, India, $12.9M)
Adda247
(2016, India, $28.6M)
Pariksha
(2015, India, $3.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Adda247 (2016, India)
$20.0M - Series B - Nov 2021
BYJU'S Exam Prep (2015, India)
$15.5M - Series B - Sep 2021
BYJU'S Exam Prep (2015, India)
$2.2M - Series A - Aug 2021
Exampur (2018, India)
$75.5K - Angel - Mar 2021
KitaLulus (2020, Indonesia)
Undisclosed - Seed - Feb 2022
Exampur (2018, India)
Undisclosed - Seed - Nov 2021
Xiniaoxi (2020, China)
Undisclosed - Series A - Apr 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
College Listing Platforms
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$36.5M (▲338%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$122M
72
-
455
4
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Admissions Support for Students (Leap Scholar)
(# Cos: 1184 | $2.3B)
College Discovery (Niche)
(# Cos: 537 | $720M)
Listings (CollegeDekho)
(# Cos: 455 | $122M)
CollegeDekho
(2015, India, $47.0M)
Niche
(2002, United States, $44.6M)
Quero
(2012, Brazil, $120K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CollegeDekho (2015, India)
$35.0M - Series B - Sep 2021
Craydel (2021, United States)
$1.0M - Seed - Nov 2021
361online (2009, India)
$303K - Seed - Oct 2021
Gurucool (2019, India)
$150K - Seed - Dec 2021
Eduwo (2016, Switzerland)
Undisclosed - Seed - Jul 2021

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Kiddom (2012, United States)
$35.0M - Series C - Aug 2021
Classcraft (2013, Canada)
$3.6M - Series A - Mar 2021
Math games (2018, Estonia)
$1.0M - Seed - Aug 2021
ACKTEC Technologies (2015, Singapore)
$1.0M - Seed - Mar 2021
Classavo (2016, United States)
Undisclosed - Seed - Jul 2021
School Content Management System
38
46
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K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
Tech for Teachers (Renaissance)
(# Cos: 1775 | $1.6B)
Content Management (Kahoot)
(# Cos: 410 | $225M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$35.0M (▲250%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$225M
115
2
410
6
Kahoot
(2012, Norway, $67.3M)
Classcraft
(2013, Canada, $13.4M)
Kiddom
(2012, United States, $56.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Music Courses
39
47
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$31.0M (▲2015%)
11(▲175%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$287M
122
-
531
6
Continued Learning (upGrad)
(# Cos: 14095 | $14.0B)
Vocational (Babbel)
(# Cos: 5504 | $5.1B)
Performing Arts (Skoove)
(# Cos: 724 | $432M)
Music (Trala)
(# Cos: 630 | $320M)
Online Course (JoyTunes)
(# Cos: 531 | $287M)
JoyTunes
(2010, Israel, $93.0M)
Trala
(2016, United States, $6.9M)
Skoove
(2014, Germany, $4.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
JoyTunes (2010, Israel)
$50.0M - Series C - Jun 2021
Yousician (2010, Finland)
$28.0M - Series B - Apr 2021
Solfeg.io (2016, Latvia)
$1.1M - Seed - Dec 2021
Freedrum (2019, Sweden)
$1.1M - Seed - Jun 2021
Artium Academy (2020, India)
$750K - Seed - May 2021
Spardha (2001, India)
$623K - Seed - May 2021
Mussila (2015, Iceland)
$510K - Seed - Apr 2021
View all 11 Funding Rounds on Tracxn Platform

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Outlier (2003, United States)
$30.0M - Series B - Apr 2021
Courses To Earn College Credits
40
48
Back to index
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
B2C Learning Solutions (Course Hero)
(# Cos: 1546 | $969M)
Courses To Earn College Credits (Outlier)
(# Cos: 7 | $57.3M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$57.3M
5
-
7
2
Outlier
(2003, United States, $46.0M)
StraighterLine
(2008, United States, $11.2M)
Quottly
(2015, United States, $100K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Kids Coding Tutoring
41
49
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$28.5M (▲196%)
8(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$167M
27
-
283
5
K-12 EdTech (LEAD)
(# Cos: 18678 | $36.0B)
B2C Learning Solutions (Unacademy)
(# Cos: 6610 | $22.5B)
Coding (codeSpark)
(# Cos: 511 | $225M)
Online Tutoring (WhiteHat Jr)
(# Cos: 283 | $167M)
WhiteHat Jr
(2018, India, $11.3M)
Camp K12
(2010, India, $18.9M)
Codingal
(2020, India, $1.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Camp K12 (2010, India)
$12.9M - Series A - Aug 2021
Kodland (2018, Russia)
$9.0M - Series A - Jan 2022
Camp K12 (2010, India)
$2.0M - Seed - May 2021
Tekie (2017, India)
$1.5M - Seed - May 2021
Codingal (2020, India)
$1.2M - Seed - Sep 2021
Tinkerly (2015, India)
$883K - Seed - Sep 2021
Codevidhya (2016, India)
$606K - Seed - Jul 2021
View all 8 Funding Rounds on Tracxn Platform

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online English Tutoring
42
50
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$28.3M (▼80.7%)
5(▼37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$998M
90
3
423
10
Continued Learning (upGrad)
(# Cos: 14095 | $14.0B)
Vocational (Rosetta Stone)
(# Cos: 5504 | $5.1B)
Language Learning (Babbel)
(# Cos: 2860 | $3.0B)
English (Blue Canoe)
(# Cos: 1208 | $1.3B)
Online Tutoring (Open English)
(# Cos: 423 | $998M)
Open English
(2007, United States, $119M)
51Talk
(2011, China, $90.0M)
Cambly
(2012, United States, $315K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ringle (2015, South Korea)
$18.0M - Series A - Jun 2021
Ringle (2015, South Korea)
$8.9M - Series A - Mar 2021
GuruLab (2021, Malaysia)
$1.0M - Seed - Jan 2022
OTO Courses (2015, Egypt)
$400K - Seed - Nov 2021
Enguru (2015, India)
Undisclosed - Seed - Aug 2021

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
AR VR Based School Teaching Solutions
43
51
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$25.7M (▲127%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$166M
42
-
129
6
K-12 EdTech (Unacademy)
(# Cos: 18678 | $36.0B)
B2B2C Learning Solutions (Wonder Workshop)
(# Cos: 1558 | $5.3B)
School Curriculum (Nearpod)
(# Cos: 1104 | $4.4B)
Multi Subject (LEAD)
(# Cos: 984 | $4.0B)
Activity Based Learning (JumpStart)
(# Cos: 349 | $1.0B)
AR and VR (PlayShifu)
(# Cos: 129 | $166M)
PlayShifu
(2016, India, $29.9M)
Practically
(2018, India, $24.0M)
ThingLink
(2010, United States, $5.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PlayShifu (2016, India)
$17.0M - Series B - Apr 2021
Practically (2018, India)
$5.0M - Series A - Dec 2021
Practically (2018, India)
$1.9M - Series A - Mar 2021
3DBear (2016, United States)
$1.8M - Seed - Apr 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Honorlock (2014, United States)
$25.0M - Series B - Apr 2021
University Proctoring Solutions
44
52
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Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Tech for Teachers (Top Hat)
(# Cos: 366 | $1.1B)
Online Proctoring (Mettl)
(# Cos: 36 | $183M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$25.0M (▲79%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$183M
14
-
36
4
Mettl
(2010, India, $5.2M)
Verificient Technologies
(2012, United States, $3.6M)
Examity
(2012, United States, $114M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Wonderschool (2016, United States)
$25.0M - Series B - Jan 2022
Playschool Discovery Platform
45
53
Back to index
Pre-K EdTech (JumpStart)
(# Cos: 1673 | $2.5B)
Discovery Platforms (WeeCare)
(# Cos: 79 | $119M)
Playschool (Winnie)
(# Cos: 66 | $98.4M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$98.4M
14
-
66
2
Winnie
(2016, United States, $15.3M)
WeeCare
(2017, United States, $4.2M)
Wonderschool
(2016, United States, $49.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Product Management Tutoring
46
54
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.0M
2
-
14
1
Continued Learning (Codecademy)
(# Cos: 14095 | $14.0B)
Professional (Simplilearn)
(# Cos: 7752 | $8.1B)
Online Learning (upGrad)
(# Cos: 7614 | $8.0B)
Product Management (Product-Led
Institute)
(# Cos: 14 | $25.0M)
Online Tutoring (Product School)
(# Cos: 14 | $25.0M)
Product School
(2014, United States, $25.0M)
Product-Led Institute
(2016, Canada)
AI Product Institute
(2019, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Product School (2014, United States)
$25.0M - Series B - Aug 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Online Universities
47
55
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Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
Online Universities (Topica)
(# Cos: 116 | $157M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$22.2M (▲202%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$157M
28
1
116
4
Topica
(2008, Vietnam, $50.0M)
Penn Foster
(1890, United States)
University of Strathcl..
(1796, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lottus (2010, Mexico)
$9.8M - Series A - Aug 2021
Quantic Schoo.. (2014, United States)
$8.3M - Series A - Mar 2022
Woolf (2018, Gibraltar)
$7.5M - Seed - Nov 2021
TOMORROW’s Education (2020,
Germany)
$3.9M - Series A - Feb 2022
Foundry College (2018, United States)
$1.0M - Seed - May 2021

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Coursedog (2017, United States)
$17.0M - Series A - Sep 2021
JUNO (2010, India)
$3.5M - Seed - Aug 2021
QPay (2014, Australia)
$1.1M - Seed - Jul 2021
Campus 365 (2018, India)
$289K - Seed - Jan 2022
Jenzabar (1998, United States)
Undisclosed - Seed - May 2021
Century HNA (2016, China)
Undisclosed - Series A - Jun 2021
University Management Software
48
56
Back to index
Higher Education Tech (Chegg)
(# Cos: 6902 | $8.9B)
College IT (Blackboard)
(# Cos: 2544 | $3.4B)
Suite (NopaperForms)
(# Cos: 1043 | $186M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$21.9M (▲207%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
33
$186M
113
2
1043
7
NopaperForms
(2017, India, $4.9M)
Ellucian
(1968, United States)
SchoolGuru
(2012, India, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Famly (2013, Denmark)
$18.0M - Series A - Nov 2021
LiveKid (2017, Poland)
$2.4M - Seed - Aug 2021
Kriyo (2017, India)
$112K - Angel - Aug 2021
Education Adv.. (2007, United States)
Undisclosed - Seed - Apr 2021
COPA (2002, United States)
Undisclosed - Seed - Oct 2021
Pre School Management Software
49
57
Back to index
Pre-K EdTech (JumpStart)
(# Cos: 1673 | $2.5B)
Pre K School IT (Famly)
(# Cos: 369 | $502M)
School Management Software
(Brightwheel)
(# Cos: 267 | $293M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.5M (▼66.5%)
5(▼16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$293M
44
-
267
4
Brightwheel
(2014, United States, $88.8M)
Famly
(2013, Denmark, $24.5M)
Connect Childcare
(2005, United Kingdom, $5.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
EdTech - Top Business Models Report
Recent Funding Rounds
Holberton (2015, United States)
$20.0M - Series B - Mar 2021
School Of Accelerated.. (2016, India)
$202K - Series A - Nov 2021
Tech First IT Education Institutes
50
58
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Continued Learning (upGrad)
(# Cos: 14098 | $14.0B)
Tech First Institutions (Holberton School)
(# Cos: 7 | $57.8M)
IT Education (Holberton)
(# Cos: 5 | $34.5M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.2M (▲1920%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.5M
3
-
5
2
Holberton
(2015, United States, $33.0M)
Holberton School
(2015, United States)
School Of Accelerated ..
(2016, India, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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