What are the most valued startups in the EdTech market?
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In our EdTech market deck, you will find everything you need to understand the market
This regularly refreshed ranking tracks the most valuable startups in the EdTech market.
We update the list every month using public market values, funding announcements, acquisition prices, operating data and comparable company analysis.
The database covers 99 EdTech companies across digital learning, tutoring, language education, workforce training, school software and education finance.
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 valuable EdTech startup | Yuanfudao, $10.0B–$15.5B |
| Second most valuable EdTech startup | Zuoyebang, $6.0B–$10.0B |
| Median EdTech startup valuation | Approximately $500M |
| Share of EdTech valuation captured by the top 10 | Approximately 48% |
| Top EdTech valuation vs. median | Approximately 25.5 times |
| Median EdTech valuation-to-capital-raised ratio | Approximately 3.2 times |
| EdTech startups valued at $1B+ | 31 |

This market map, featured in our EdTech market deck, highlights top companies and startups in the EdTech market
Top startups in the EdTech market ranked by valuation
Here is an updated table that ranks the top startups in the EdTech market based on their latest reported or estimated valuations.
If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the EdTech market.
| # | Startup Name | What They Do | Current Valuation ($) | Valuation Confidence Level | Valuation Type | Evidence Status | Total Funding ($) | Funding Confidence Level |
|---|---|---|---|---|---|---|---|---|
| 1 | Yuanfudao | AI tutoring platform | $10.0B–$15.5B | Partial Confidence | Comparables-Based Estimate | Estimated | $3.5B | Partial Confidence |
| 2 | Zuoyebang | K-12 tutoring app | $6.0B–$10.0B | Partial Confidence | Comparables-Based Estimate | Estimated | $3.0B | Strong Confidence |
| 3 | Duolingo | Gamified language learning app | $6.0B | Full Confidence | Public Market Cap | Observed | $639M | Full Confidence |
| 4 | Physics Wallah | Affordable exam preparation | $3.9B | Full Confidence | Public Market Cap | Observed | $682M | Strong Confidence |
| 5 | Handshake | Early-career recruiting network | $3.2B–$4.5B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $431M | Full Confidence |
| 6 | Articulate | E-learning authoring software | $3.3B–$4.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $1.5B | Full Confidence |
| 7 | Course Hero | Online study resources platform | $3.0B–$3.8B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $478M | Strong Confidence |
| 8 | VIPKid | Online English tutoring | $2.0B–$4.5B | Partial Confidence | Comparables-Based Estimate | Estimated | $1.8B | Strong Confidence |
| 9 | Eruditus | Executive education programs | $2.8B–$3.2B | Strong Confidence | Announced Private Round Valuation | Observed | $741M | Strong Confidence |
| 10 | GoStudent | Online tutoring marketplace | $2.4B–$3.4B | Partial Confidence | Comparables-Based Estimate | Estimated | $686M | Strong Confidence |
| 11 | MasterClass | Expert-led online classes | $2.3B–$3.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $461M | Full Confidence |
| 12 | Go1 | Corporate learning content marketplace | $1.8B–$2.5B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $430M | Partial Confidence |
| 13 | Multiverse | Apprenticeships and AI upskilling | $2.1B | Full Confidence | Announced Private Round Valuation | Observed | $484M | Full Confidence |
| 14 | Age of Learning | Children’s digital learning apps | $1.6B–$2.4B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $450M | Strong Confidence |
| 15 | Kajabi | Creator course commerce platform | $1.6B–$2.2B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $550M | Strong Confidence |
| 16 | Coursera | Online courses and degrees | $1.7B | Full Confidence | Public Market Cap | Observed | $927M | Partial Confidence |
| 17 | Kahoot! | Game-based learning quizzes | $1.7B | Strong Confidence | Acquisition Value | Observed | $312M | Strong Confidence |
| 18 | upGrad | Online higher education | $1.6B–$1.8B | Strong Confidence | Proxy-Based Estimate | Observed | $515M | Partial Confidence |
| 19 | Outschool | Live classes for children | $1.4B–$2.2B | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $240M | Full Confidence |
| 20 | Andela | Global technical talent network | $1.2B–$1.6B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $381M | Partial Confidence |
| 21 | Guild | Employer education benefits platform | $1.2B–$1.5B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $554M | Full Confidence |
| 22 | Avanse Financial Services | Education-focused lending company | $1.1B–$1.4B | Partial Confidence | Comparables-Based Estimate | Estimated | $352M | Partial Confidence |
| 23 | ClassIn | Virtual classroom SaaS | $1.0B–$1.6B | Partial Confidence | Implied Valuation from Raise | Implied | $315M | Strong Confidence |
| 24 | ClassDojo | School-family communication platform | $1.1B–$1.4B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $191M | Strong Confidence |
| 25 | Preply | Online language tutoring marketplace | $1.2B | Full Confidence | Announced Private Round Valuation | Observed | $299M | Partial Confidence |
| 26 | BetterUp | Workforce coaching platform | $1.0B–$1.2B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $570M | Strong Confidence |
| 27 | Huike Group | Higher-ed learning SaaS | $800M–$1.4B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $420M | Partial Confidence |
| 28 | Codemao | Children’s coding education | $800M–$1.3B | Partial Confidence | Implied Valuation from Raise | Implied | $395M | Partial Confidence |
| 29 | Quizlet | Flashcards and study tools | $900M–$1.1B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $62M | Full Confidence |
| 30 | Speak | AI-powered language tutor | $900M–$1.2B | Strong Confidence | Announced Private Round Valuation | Estimated | $162M | Strong Confidence |
| 31 | Hotmart | Creator course commerce platform | $900M–$1.1B | Partial Confidence | Comparables-Based Estimate | Estimated | $130M | Partial Confidence |
| 32 | HuJiang | Language learning platform | $600M–$1.0B | Partial Confidence | Comparables-Based Estimate | Estimated | $300M | Partial Confidence |
| 33 | Knowbox | K-12 digital education | $600M–$1.0B | Partial Confidence | Comparables-Based Estimate | Estimated | $250M | Low Confidence |
| 34 | Hetao101 | Children’s coding courses | $650M–$1.0B | Partial Confidence | Implied Valuation from Raise | Implied | $269M | Strong Confidence |
| 35 | Babbel | Subscription language learning platform | $650M–$850M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $34M | Partial Confidence |
| 36 | Leap Scholar | Study abroad services | $700M–$800M | Strong Confidence | Announced Private Round Valuation | Observed | $218M | Strong Confidence |
| 37 | Vedantu | Live online tutoring | $750M–$900M | Strong Confidence | Proxy-Based Estimate | Estimated | $337M | Strong Confidence |
| 38 | GoGuardian | K-12 device management software | $750M–$1.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $200M+ | Partial Confidence |
| 39 | Prodigy Education | Game-based K-12 learning | $550M–$850M | Partial Confidence | Comparables-Based Estimate | Estimated | $125M+ | Partial Confidence |
| 40 | Ruangguru | Indonesian learning platform | $500M–$800M | Partial Confidence | Implied Valuation from Raise | Estimated | $500M | Strong Confidence |
| 41 | Lingokids | Playlearning app for children | $500M–$750M | Partial Confidence | Implied Valuation from Raise | Implied | $186M | Partial Confidence |
| 42 | Great Learning | Professional upskilling courses | $600M | Full Confidence | Acquisition Value | Observed | $0M | Full Confidence |
| 43 | Huohua Siwei | Online math science tutoring | $300M–$700M | Low Confidence | Comparables-Based Estimate | Estimated | $590M | Partial Confidence |
| 44 | Golden Education | Finance career education | $350M–$700M | Partial Confidence | Proxy-Based Estimate | Estimated | $150M | Partial Confidence |
| 45 | Riiid | AI adaptive learning platform | $450M–$650M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $247M | Strong Confidence |
| 46 | Udemy | Online course marketplace | $650M–$850M | Strong Confidence | Acquisition Value | Implied | $695M | Strong Confidence |
| 47 | LEAD School | School learning system | $550M–$800M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $172M | Strong Confidence |
| 48 | Simplilearn | Digital skills bootcamps | $420M–$520M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $81M | Strong Confidence |
| 49 | Teachmint | Teaching infrastructure platform | $430M–$500M | Strong Confidence | Proxy-Based Estimate | Estimated | $118M | Full Confidence |
| 50 | Clever | K-12 single sign-on platform | $435M–$500M | Strong Confidence | Acquisition Value | Observed | $43M | Full Confidence |
| 51 | DreamBox Learning | Adaptive math and reading software | $350M–$550M | Low Confidence | Comparables-Based Estimate | Estimated | $176M | Partial Confidence |
| 52 | Classplus | Coaching SaaS platform | $500M–$650M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $249M | Partial Confidence |
| 53 | Codecademy | Interactive coding education | $525M | Full Confidence | Acquisition Value | Observed | $83M | Strong Confidence |
| 54 | General Assembly | Workforce technology skills training | $413M | Full Confidence | Acquisition Value | Observed | $119M | Strong Confidence |
| 55 | iTutorGroup | Online language tutoring | $350M–$450M | Partial Confidence | Acquisition Value | Observed | $200M | Low Confidence |
| 56 | Scaler | Technology career upskilling programs | $350M–$370M | Partial Confidence | Active Raise Valuation | Observed | $77M | Full Confidence |
| 57 | Panorama Education | Student support analytics software | $300M–$450M | Partial Confidence | Comparables-Based Estimate | Estimated | $105M | Strong Confidence |
| 58 | Newsela | K-12 instructional content | $300M–$700M | Low Confidence | Proxy-Based Estimate | Estimated | $173M | Strong Confidence |
| 59 | Domestika | Creative online learning community | $300M–$500M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $130M | Strong Confidence |
| 60 | Leverage Edu | Study abroad counselling | $280M–$320M | Partial Confidence | Active Raise Valuation | Observed | $71M | Partial Confidence |
| 61 | Squirrel AI | AI adaptive tutoring | $250M–$450M | Low Confidence | Comparables-Based Estimate | Estimated | $194M | Partial Confidence |
| 62 | Lingoda | Live online language classes | $250M–$400M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $83M | Strong Confidence |
| 63 | Unacademy | Online test preparation platform | $300M–$500M | Strong Confidence | Acquisition Value | Estimated | $880M | Strong Confidence |
| 64 | Nearpod | Interactive K-12 lesson platform | $650M | Strong Confidence | Acquisition Value | Observed | $51M | Partial Confidence |
| 65 | CollegeDekho | College admissions platform | $145M–$175M | Strong Confidence | Announced Private Round Valuation | Implied | $78M | Partial Confidence |
| 66 | Cambly | English tutor marketplace | $220M–$300M | Partial Confidence | Comparables-Based Estimate | Estimated | $60M | Partial Confidence |
| 67 | Seesaw | Elementary classroom engagement platform | $220M–$350M | Low Confidence | Proxy-Based Estimate | Estimated | $1M | Low Confidence |
| 68 | Paper | K-12 tutoring support platform | $220M–$350M | Low Confidence | Comparables-Based Estimate | Estimated | $389M | Partial Confidence |
| 69 | Brainly | Peer homework help network | $190M–$300M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $149M | Strong Confidence |
| 70 | Adda247 | Government exam preparation platform | $180M–$240M | Partial Confidence | Implied Valuation from Raise | Implied | $65M | Strong Confidence |
| 71 | Open English | Live online English classes | $180M–$280M | Low Confidence | Comparables-Based Estimate | Estimated | $120M | Partial Confidence |
| 72 | Quizizz | Gamified quizzes and lessons | $180M–$280M | Partial Confidence | Comparables-Based Estimate | Estimated | $47M | Strong Confidence |
| 73 | Cuemath | Online math tutoring | $160M–$230M | Partial Confidence | Comparables-Based Estimate | Estimated | $116M | Strong Confidence |
| 74 | Degreed | Enterprise upskilling platform | $160M–$210M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $298M | Strong Confidence |
| 75 | Platzi | Latin American technology courses | $170M–$260M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $79M | Strong Confidence |
| 76 | Mathpresso | AI tutoring app QANDA | $160M–$230M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $130M | Partial Confidence |
| 77 | Nerdy | Live online tutoring platform | $180M | Full Confidence | Public Market Cap | Observed | $682M+ | Strong Confidence |
| 78 | Skillshare | Creative learning subscription platform | $130M–$220M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $109M | Partial Confidence |
| 79 | Ubits | Corporate digital training platform | $130M–$190M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $33M | Full Confidence |
| 80 | Toppr | K-12 test preparation platform | $150M | Strong Confidence | Acquisition Value | Observed | $109M | Partial Confidence |
| 81 | ELSA Speak | AI English pronunciation app | $130M–$220M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $60M | Strong Confidence |
| 82 | Crehana | LatAm workforce learning platform | $110M–$180M | Low Confidence | Comparables-Based Estimate | Estimated | $95M | Strong Confidence |
| 83 | Descomplica | Brazilian online exam preparation | $90M–$150M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $119M | Strong Confidence |
| 84 | Extramarks | Digital school learning content | $90M–$130M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $44M | Low Confidence |
| 85 | Sunstone | Higher education programs | $100M–$150M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $68M | Full Confidence |
| 86 | Newton School | Coding career programs | $110M–$125M | Strong Confidence | Announced Private Round Valuation | Observed | $31M | Full Confidence |
| 87 | DataCamp | Data and AI skills training | $100M–$180M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $33M | Partial Confidence |
| 88 | Numerade | STEM video tutoring platform | $90M–$140M | Partial Confidence | Comparables-Based Estimate | Estimated | $26M | Full Confidence |
| 89 | Springboard | Mentor-led technology bootcamps | $80M–$140M | Low Confidence | Comparables-Based Estimate | Estimated | $69M | Partial Confidence |
| 90 | Changingedu | K-12 tutoring marketplace | $70M–$130M | Low Confidence | Proxy-Based Estimate | Estimated | $188M | Strong Confidence |
| 91 | Udacity | Technology career learning platform | $80M–$100M | Partial Confidence | Acquisition Value | Implied | $160M | Strong Confidence |
| 92 | 2U | University online-program management | $50M–$110M | Low Confidence | Proxy-Based Estimate | Estimated | $220M | Strong Confidence |
| 93 | Labster | Virtual science lab simulations | $45M–$80M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $147M | Strong Confidence |
| 94 | BYJU’S | Online learning platform | $0M–$100M | Low Confidence | Proxy-Based Estimate | Estimated | $6.0B | Strong Confidence |
| 95 | Yunxuetang | Corporate learning SaaS | $21M–$29M | Strong Confidence | Public Market Cap | Observed | $397M | Strong Confidence |
| 96 | 17 Education & Technology | K-12 learning platform | $20M–$30M | Strong Confidence | Public Market Cap | Observed | $873M | Strong Confidence |
| 97 | Zhangmen Education | Online tutoring services | $0M–$30M | Low Confidence | Acquisition Value | Estimated | $300M | Strong Confidence |
| 98 | Doubtnut | AI doubt-solving app | $10M | Strong Confidence | Acquisition Value | Observed | $49M | Strong Confidence |
| 99 | DaDa | Online English tutoring | $0M | Strong Confidence | Proxy-Based Estimate | Observed | $300M | Low Confidence |

This chart, featured in our EdTech market deck, compares the 2026 size of the EdTech market with other markets of similar size
Key valuation trends in the EdTech market
Insights
- The 10 largest EdTech companies represent approximately 48% of the combined valuation in this ranking, showing that market value remains concentrated among a relatively small group of scaled platforms.
- Duolingo and Physics Wallah have created about $9.9 billion of public value after raising approximately $1.3 billion combined, making both consumer EdTech platforms unusually capital efficient.
- Quizlet’s estimated $1.0 billion midpoint is about 16 times its $62 million in funding, one of the strongest valuation-to-capital-raised ratios in the EdTech market.
- Handshake’s estimated valuation midpoint is almost nine times its cumulative funding, suggesting that proprietary career data and recruiting network effects can support stronger economics than conventional course libraries.
- ClassDojo and BetterUp have similar valuation midpoints, but BetterUp raised almost three times as much capital. The comparison highlights the efficiency of deeply embedded, product-led school networks.
- Clever’s acquisition value was roughly 11 times its total funding, showing the strategic value of identity, access and distribution infrastructure that is already integrated across school systems.
- Speak’s estimated valuation midpoint is about 6.5 times its funding. This result suggests that AI-native language learning products can scale more efficiently than tutor-led language marketplaces.
- The gap between Physics Wallah’s $3.9 billion public value and Nerdy’s $180 million market capitalization shows how strongly investors distinguish profitable exam-preparation ecosystems from slower-growth tutoring platforms.
- Yunxuetang and 17 Education raised about $1.3 billion combined, yet retain only around $50 million in public equity value. Listed EdTech companies can lose substantial value when growth and profitability weaken.
- EdTech acquisition outcomes differ sharply by business model. Infrastructure and focused skills platforms such as Clever and Codecademy produced strong returns, while Doubtnut’s exit value equaled only about 20% of funding.

This chart, featured in our EdTech market deck, shows why Duolingo is winning in EdTech
A few word about our methodology
As you can see, we built a database that ranks startups in the EdTech market based on their current valuation.
Estimating EdTech startup valuations is not always straightforward. Many education companies do not publicly disclose their valuation, and the available information can vary widely depending on the company, business model and funding stage.
To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.
Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed EdTech companies and official acquisition prices.
When an EdTech company is publicly listed, we use its current market capitalization as the reference valuation.
If an education company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.
When an EdTech startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.
In some cases, we estimate EdTech valuations using operating metrics such as revenue, ARR, subscribers, learners, enterprise customers or institutional partnerships. We then apply valuation multiples from comparable companies.
When direct financial data is not available, we may rely on carefully selected comparable EdTech startups and other signals such as hiring growth, investor quality, user engagement, customer retention or product traction.
Different EdTech business models can support very different valuation multiples. Subscription software, school infrastructure, marketplaces, tutoring services, online degrees and education lenders cannot be valued in the same way.
All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.
We also carefully evaluate the age of every data point. Recent information carries more weight, while older information is treated cautiously and adjusted conservatively when necessary.
This is especially important in the EdTech market because many companies reached high valuations during the online-learning boom and later experienced slower growth, restructurings, acquisitions or significant valuation compression.
Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.
Because valuation data is not always fully public, each EdTech startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.
Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.
When confidence is lower, we take a more conservative approach by widening the valuation range. This reflects the uncertainty and increases the probability that the true valuation falls within the estimated range.
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 valuation estimate, 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 annual funding in EdTech startups
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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