Which startups have raised the most funding in the EdTech market?

Last updated: 13 July 2026

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The EdTech market has become one of the most funded parts of digital education, with capital flowing into tutoring, language learning, workforce training, school software, and higher education platforms.

We update this list every month, so the ranking stays useful as new EdTech funding rounds, IPOs, acquisitions, and shutdowns reshape the market.

The current funding curve is highly concentrated, with a small number of global learning platforms capturing a very large share of total capital raised.

And if you want to better understand this new industry, you can download our pitch covering the EdTech market.

A quick summary table

Metric Value
Most funded startup BYJU’S, with about $6.0B raised
Second most funded startup Yuanfudao, with about $3.5B raised
Largest funding round Zuoyebang’s $1.6B Series E round
Median funding About $192.5M across the ranked EdTech startups
Share of funding captured by the top 10 About 50.2% of total funding in the filtered ranking
Median time since last round About 59 months, based on available last-round dates
Startups that raised funding in the last 12 months 7 startups in the filtered ranking
EdTech startups with IPO status 11 companies in the filtered ranking
EdTech startups acquired 15 companies in the filtered ranking
EdTech funding captured by BYJU’S alone About 15.1% of total funding in the filtered ranking
Chart showing annual VC investment in EdTech startups

This chart, featured in our EdTech market deck, shows annual VC investment in EdTech startups

Top startups in the EdTech market ranked by total funding raised

Here is an updated table that ranks the top startups in the EdTech market based on the total amount of funding they have raised to date.

The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).

If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the EdTech market ranked by valuation.

# Startup What They Do Total Raised ($) Total Rounds Last Round Date Last Round Amount ($) Last Round Type Key Investors Current Stage Confidence
1 BYJU’S Online learning platform $6.0B 12+ July 2022 $250M Series F extension BlackRock, Sumeru Ventures, Owl Ventures Active Strong
2 Yuanfudao AI tutoring platform $3.5B 9 2021 $1.0B Series G Tencent, DST Global, Hillhouse Active Partial
3 Zuoyebang K-12 tutoring app $3.0B 9 2020 $1.6B Series E Alibaba, SoftBank, Sequoia Active Strong
4 VIPKid Online English tutoring $1.8B 7 2021 $150M Series D Tencent, Sequoia, Coatue Active Strong
5 Articulate E-learning authoring software $1.5B 1 July 2021 $1.5B Series A General Atlantic, Blackstone Growth, ICONIQ Growth Active Full
6 Coursera Online courses and degrees $927M 10 March 2021 $484M IPO NEA, Kleiner Perkins, SEEK Group IPO Partial
7 Unacademy Online test preparation platform $880M 13 August 2021 $440M Series H Temasek, Mirae Asset, SoftBank Acquired Strong
8 17 Education & Technology K-12 learning platform $873M 8 December 2020 $288M IPO Temasek, Shunwei Capital, H Capital IPO Strong
9 Eruditus Executive education programs $741M 8 October 2024 $150M Series F TPG Rise Fund, SoftBank, Accel Active Strong
10 Udemy Online course marketplace $695M 10 October 2021 $421M IPO Tencent, Learn Capital, Naspers Acquired Strong
11 GoStudent Online tutoring marketplace $686M 6 January 2022 $340M Series D Prosus, SoftBank Vision Fund 2, Tencent Active Strong
12 Nerdy Live online tutoring platform $682M+ 4 September 2021 $575M+ SPAC / PIPE TPG, Franklin Templeton, Learn Capital IPO Strong
13 Physics Wallah Affordable exam preparation $682M 3 November 2025 $372M IPO Public investors, WestBridge, GSV IPO Strong
14 Duolingo Gamified language learning app $639M 9 July 2021 $456M IPO CapitalG, Durable Capital, General Atlantic IPO Full
15 Huohua Siwei Online math science tutoring $590M 9 January 2021 $150M Series E3 Trustbridge Partners, Tencent, KKR Active Partial
16 BetterUp Workforce coaching platform $570M 6 October 2021 $300M Series E Wellington Management, ICONIQ Growth, Lightspeed Active Strong
17 Guild Employer education benefits platform $554M 7 June 2022 $175M Series F Wellington Management, Salesforce Ventures, General Catalyst Active Full
18 Kajabi Creator commerce platform $550M 2 May 2021 $550M Growth equity Tiger Global, TPG, Meritech Capital Active Strong
19 upGrad Online higher education $515M 3 August 2022 $210M Growth round ETS Global, Bodhi Tree, Kaizen Active Partial
20 Ruangguru EdTech learning platform $500M 7 2021 $55M Series C GGV Capital, General Atlantic Active Strong
21 ApplyBoard International student application platform $484M 5 June 2021 $300M Series D Ontario Teachers, Fidelity, BDC Active Strong
22 Multiverse Apprenticeship and AI upskilling $484M 6 May 2026 $70M Growth Schroders Capital, General Catalyst, Lightspeed Active Full
23 Course Hero Online study resources $478M 4 December 2021 $380M Series C Wellington, Sequoia, OMERS Growth Active Strong
24 MasterClass Expert-led online classes $461M 7 May 2021 $225M Series F Fidelity, Baillie Gifford, Wellington Active Full
25 Age of Learning Children’s digital learning apps $450M 2 June 2021 $300M Series C / Equity TPG, QIA, Madrone Capital Active Strong
26 Handshake Early-career recruiting network $431M 6 January 2022 $200M Series F Coatue, Valiant Peregrine Fund, Base10 Active Full
27 Go1 Corporate learning content marketplace $430M 10 May 2023 $30M Series D / Later-stage AirTree, Five Sigma, SoftBank Active Partial
28 Yunxuetang Corporate learning SaaS $397M 8 August 2024 $25M IPO Tencent, Centurium Capital, SIG IPO Strong
29 Codemao Children’s coding education $395M 9 November 2020 $198M Series D Barings Asia, Hillhouse, CMB International Active Partial
30 Paper K-12 tutoring support platform $389M 5 February 2022 $270M Series D Sapphire Ventures, SoftBank, IVP Active Partial
31 Andela Global technical talent network $381M 8 September 2021 $200M Series E SoftBank, Generation IM, CZI Active Partial
32 Avanse Financial Services Education loans NBFC $352M 3 January 2026 $133M Rights issue Warburg Pincus, Kedaara Capital, Mubadala Active Partial
33 Vedantu Live online tutoring $337M 22 September 2025 $11M Series F / Convertible ABC World Asia, Accel Active Strong
34 ClassIn Virtual classroom SaaS $315M 2 December 2020 $265M Series C Hillhouse, Tencent, SIG Active Strong
35 Kahoot! Game-based learning quizzes $312M 6 October 2020 $215M Post-IPO private placement SoftBank Group Acquired Strong
36 HuJiang Language learning platform $300M 6 2018 $200M IPO Baidu, GGV Capital Acquired Partial
37 Zhangmen Education Online tutoring services $300M 5 2020 $100M Series D Tiger Global, Shunwei IPO Strong
38 Preply Online language tutoring $299M 8 January 2026 $150M Series D WestCap, Hoxton Ventures, Owl Ventures Active Partial
39 Degreed Enterprise upskilling platform $298M 7 April 2021 $153M Series D Sapphire Ventures, Riverwood Capital Active Strong
40 Hetao101 Children’s coding courses $269M 4 March 2021 $200M Series C KKR, GL Ventures, Vision Plus Capital Active Strong
41 Classplus Coaching SaaS platform $249M 15 January 2024 $9M Series D extension Iron Pillar, Tiger Global, Alpha Wave Active Partial
42 Riiid AI adaptive learning platform $247M 5 May 2021 $175M Series D SoftBank Vision Fund 2, KDB, IMM Investment Active Strong
43 Outschool Live classes for kids $240M 5 October 2021 $110M Series D Tiger Global, BOND, Lightspeed Active Full
44 2U University online learning platform $220M 8 March 2014 $104M IPO Bessemer, Redpoint, Hillman IPO Strong
45 Leap Scholar Study abroad services $218M 5 January 2025 $65M Series E Apis Partners, Owl Ventures, Jungle Ventures Active Strong
46 GoGuardian K-12 device management software $200M+ 2 August 2021 $200M Growth equity Tiger Global, Sumeru Equity Partners Active Partial
47 Squirrel AI AI adaptive tutoring $194M 5 July 2021 Undisclosed Series C NGP Capital, CASH Capital, Innovator Capital Active Partial
48 ClassDojo School communication app $191M 5 July 2022 $125M Series D Tencent, General Catalyst, SignalFire Active Strong
49 Changingedu K-12 tutoring marketplace $188M 5 October 2017 $55M Series D TAL Education, ClearVue Partners, IDG Capital Active Strong
50 Lingokids Playlearning app for children $186M 13 September 2025 $120M Series D / Growth financing Bullhound Capital, General Catalyst, Nextalia Active Partial
51 DreamBox Learning Adaptive math reading software $176M 6 July 2018 $130M Growth equity The Rise Fund, TPG Growth Acquired Partial
52 Newsela K-12 instructional content $173M 5 February 2021 $100M Series D Franklin Templeton, TCV, CZI Active Strong
53 LEAD School School learning system $172M 10 June 2025 $0M Venture round Alteria Capital, WestBridge, GSV Active Strong
54 Speak AI language tutor $162M 7 December 2024 $78M Series C Accel, OpenAI Startup Fund, Khosla Active Strong
55 Udacity Tech career learning platform $160M 4 November 2015 $105M Series D Bertelsmann, Andreessen Horowitz, Drive Capital Acquired Strong
56 Golden Education Finance career education $150M 4 September 2020 Undisclosed Series D / Strategic Tencent, Hillhouse, Morgan Stanley Active Partial
57 Brainly Peer homework help network $149M 6 December 2020 $80M Series D Learn Capital, Prosus, General Catalyst Active Strong
58 Labster Virtual science lab simulations $147M 5 February 2022 $47M Series C extension Sofina, Pirate Impact, Owl Ventures Active Strong
59 Domestika Creative online learning community $130M 3 January 2022 $110M Series D Zeev Ventures, GSV Ventures Active Strong
60 Hotmart Creator course commerce platform $130M 4 March 2021 $130M Series C TCV, Alkeon Capital, General Atlantic Active Partial
61 Mathpresso AI tutoring app QANDA $130M 5 September 2023 $8M Strategic equity KT Active Partial
62 Prodigy Education Game-based K-12 learning $125M+ 2 January 2021 $125M Series B TPG Growth, Canadian Business Growth Fund Active Partial
63 Open English Live online English classes $120M 6 May 2013 $65M Series D TCV, Insight Partners, Redpoint Ventures Active Partial
64 Descomplica Brazilian online exam prep $119M 6 February 2021 $85M Series E Invus, SoftBank Latin America Fund, CZI Active Strong
65 General Assembly Workforce tech skills training $119M 4 September 2015 $70M Series D Advance Publications, Wellington, IVP Acquired Strong
66 Teachmint Teaching infrastructure platform $118M 5 October 2021 $78M Series B Rocketship.vc, Vulcan Capital, Learn Capital Active Full
67 Cuemath Online math tutoring $116M 4 June 2022 $57M Series D Alpha Wave, Peak XV, CapitalG Active Strong
68 Skillshare Creative online learning community $109M 5 August 2020 $66M Series D OMERS Growth Equity, USV, Amasia Active Partial
69 Toppr K-12 test prep platform $109M 6 January 2021 $9M Series D extension Learn2, Brand Capital, Kaizen PE Acquired Partial
70 Panorama Education K-12 student support analytics $105M 6 September 2021 $60M Series C General Atlantic, Owl Ventures, Emerson Collective Active Strong
71 Crehana LatAm workforce learning platform $95M 5 August 2021 $70M Series B General Atlantic, Mountain Nazca, ALIVE Active Strong
72 Codecademy Interactive coding education $83M 4 February 2021 $40M Series D Owl Ventures, Prosus, USV Acquired Strong
73 Lingoda Live online language classes $83M 4 April 2021 $68M Series C / Growth Summit Partners, Grazia Equity, Mountain Partners Active Strong
74 Simplilearn Digital skills bootcamps $81M 8 November 2022 $45M Series E GSV Ventures, Clal Insurance, DisruptAD Acquired Strong
75 Platzi Latin American tech courses $79M 5 December 2021 $60M Series B Prosus, Foundation Capital, Y Combinator Active Strong
76 CollegeDekho College admissions platform $78M 9 December 2025 $10M Undisclosed equity CarDekho Group, Winter Capital, ETS Active Partial
77 Scaler Tech upskilling courses $77M 3 January 2022 $55M Series B Lightrock India, Sequoia India, Tiger Global Active Full
78 Leverage Edu Study abroad counselling $71M 6 July 2023 $40M Series C ETS, Blume Ventures, DSG Consumer Partners Active Partial
79 Springboard Mentor-led career bootcamps $69M 6 June 2023 $13M Venture Round IFC, Telstra Ventures, Reach Capital Active Partial
80 Sunstone Higher education programs $68M 4 August 2022 $35M Series C WestBridge, Alteria Capital, Saama Active Full
81 Adda247 Government exam prep platform $65M 4 October 2022 $35M Series C WestBridge, Google, Info Edge Active Strong
82 Quizlet Flashcards and study tools $62M 4 May 2020 $30M Series C General Atlantic, Icon Ventures, USV Active Full
83 Cambly English tutor marketplace $60M 3 June 2022 $60M Series A / B Benchmark, Bessemer, Y Combinator Active Partial
84 ELSA Speak AI English pronunciation app $60M 9 September 2023 $23M Series C UOB, Gradient Ventures, VIG Active Strong
85 Nearpod Interactive K-12 lesson platform $51M 6 December 2020 $13M Later venture / Series B Insight Partners, Reach Capital Acquired Partial
86 Doubtnut AI doubt-solving app $49M 3 February 2021 $31M Series B SIG, Lupa Systems, Sequoia India Acquired Strong
87 Quizizz Gamified quizzes and lessons $47M 4 June 2021 $32M Series B Tiger Global, Eight Roads, Nexus Active Strong
88 Clever K-12 single sign-on platform $43M 3 December 2014 $30M Series B Lightspeed, Sequoia, GSV Capital Acquired Full
89 Babbel Subscription language learning app $34M 3 July 2015 $22M Series C Scottish Equity Partners, NGP, Reed Elsevier Active Partial
90 DataCamp Data science learning platform $33M 8 December 2018 $25M Series B Spectrum Equity, Accomplice, Arthur Ventures Active Partial
91 Ubits Corporate training platform $33M 4 January 2022 $25M Series B Riverwood Capital, Owl Ventures, Y Combinator Active Full
92 Newton School Coding career programs $31M 4 April 2022 $25M Series B Steadview Capital, Nexus, RTP Global Active Full
93 Numerade STEM video tutoring platform $26M 1 July 2021 $26M Series A IDG Capital, General Catalyst, Mucker Capital Active Full
94 Great Learning Professional upskilling courses $0M 0 N/A $0M N/A N/A Acquired Full
Market map chart showing top companies and startups in the EdTech market

This market map, featured in our EdTech market deck, highlights top companies and startups in the EdTech market

Key funding trends in the EdTech market

Insights

  • The EdTech market is extremely top-heavy: the top 10 startups captured about 50% of funding in the filtered ranking, led by BYJU’S, Yuanfudao, and Zuoyebang.
  • China’s K-12 tutoring wave absorbed massive capital before regulatory pressure changed the category, with Yuanfudao, Zuoyebang, VIPKid, Huohua Siwei, ClassIn, and Zhangmen raising billions combined.
  • India remains one of the strongest EdTech funding hubs, with BYJU’S, Unacademy, Physics Wallah, upGrad, Vedantu, LEAD School, Leap Scholar, and several test-prep platforms in the ranking.
  • Workforce learning is one of the most durable EdTech investment themes, with Articulate, BetterUp, Guild, Multiverse, Degreed, Go1, General Assembly, and Udacity showing broad enterprise demand.
  • Several EdTech winners needed only one or two decisive rounds, with Articulate, Kajabi, Age of Learning, ClassIn, and GoGuardian raising most disclosed capital in a small number of financings.
  • Language learning has funded very different models, including VIPKid’s tutoring marketplace, Duolingo’s consumer app, Preply’s tutor marketplace, Speak’s AI tutor, and ELSA Speak’s pronunciation software.
  • Public market outcomes are common but uneven in EdTech, with Coursera, Duolingo, Udemy, Nerdy, 17 Education, Physics Wallah, Zhangmen, and 2U showing different post-funding paths.
  • AI-native learning companies remain smaller than the older tutoring giants, but Riiid, Speak, ELSA Speak, Squirrel AI, and Mathpresso show where the next EdTech cycle may form.
Google Trends chart showing rising interest in online learning

As this chart shows, and as featured in our EdTech market deck, online search interest in online learning has grown significantly

A few word about our methodology

As you can see, we built a database that ranks startups in the EdTech market based on their total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.

Whenever possible, we prioritized official company communications, since they are the most reliable source for funding amounts. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes (to name a few).

We excluded random blogs, unverified websites, and any sources that could not be validated.

When funding rounds were announced in other currencies such as euros, Swiss francs, Singapore dollars, Australian dollars, or rupees, we converted them into approximate USD equivalents for consistency.

Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.

Here is what they mean.

Full confidence: The company’s equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.

Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.

Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.

Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company’s equity fundraising history.

When the confidence level is too low, we take a conservative approach and exclude the company from the ranking. We don’t want to include data that cannot be reliably verified.

This reflects how we conduct all our research, including the work behind our report covering the EdTech market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific calculation, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing why Duolingo is winning in the EdTech market

This chart, featured in our EdTech market deck, shows why Duolingo is winning in EdTech

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