Which startups have raised the most funding in the EdTech market?
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In our EdTech market deck, you will find everything you need to understand the market
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 |

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 |

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.

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.

This chart, featured in our EdTech market deck, shows why Duolingo is winning in EdTech
Related blog posts
- The latest news from the EdTech market
- The latest funding news in the EdTech market
- What changed recently in the EdTech market?
- How funding activity has evolved in the EdTech market
- What are the fundraising trends in the EdTech market?
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