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
The EdTech market includes some of the world's largest digital learning, tutoring, workforce training and education software companies.
Valuations range from multibillion-dollar public companies and private platforms to smaller businesses that have been sharply repriced since the pandemic.
We update this list every month to reflect new funding rounds, public market movements, acquisitions and other valuation signals.
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 | Handshake, $8.0B–$12.0B |
| Second most valuable EdTech startup | Yuanfudao, $7.0B–$10.0B |
| Median EdTech valuation | About $517M |
| EdTech valuation captured by top 10 | About 48% |
| Top EdTech valuation vs. median | About 19.4x |
| Median EdTech valuation-to-capital-raised ratio | About 2.6x |
| EdTech startups valued at $1B+ | 32 |

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 details 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 | Handshake | Career network and AI data | $8.0B–$12.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $435M | Not provided |
| 2 | Yuanfudao | AI-powered K-12 learning platform | $7.0B–$10.0B | Partial Confidence | Proxy-Based Estimate | Estimated | $4.044B | Not provided |
| 3 | Duolingo | Gamified language-learning platform | $7.4B | Full Confidence | Public Market Cap | Observed | $183M | Not provided |
| 4 | Zuoyebang | K-12 homework and tutoring platform | $4.0B–$6.0B | Low Confidence | Proxy-Based Estimate | Estimated | $3.435B | Not provided |
| 5 | Articulate | Workplace e-learning authoring software | $3.8B–$4.6B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $1.5B | Not provided |
| 6 | Physics Wallah | Test prep and learning platform | $3.5B | Full Confidence | Public Market Cap | Observed | $310M | Not provided |
| 7 | Eruditus | University-backed executive online education | $2.9B–$3.3B | Strong Confidence | Announced Private Round Valuation | Estimated | $1.27B | Not provided |
| 8 | Multiverse | Enterprise AI and tech upskilling | $2.1B | Full Confidence | Announced Private Round Valuation | Observed | $484M | Not provided |
| 9 | MasterClass | Celebrity-led online learning subscriptions | $1.6B–$2.2B | Partial Confidence | Comparables-Based Estimate | Estimated | $500M | Not provided |
| 10 | upGrad | Higher education and professional upskilling | $1.7B–$1.9B | Strong Confidence | Announced Private Round Valuation | Estimated | $806M | Not provided |
| 11 | Squirrel AI | AI-powered adaptive K-12 tutoring | $1.0B–$2.5B | Low Confidence | Proxy-Based Estimate | Estimated | $128M | Not provided |
| 12 | Changingedu | K-12 tutoring marketplace | $1.0B–$2.5B | Low Confidence | Proxy-Based Estimate | Estimated | $188M | Not provided |
| 13 | Kahoot! | Gamified learning and assessment platform | $1.7B | Full Confidence | Acquisition Value | Observed | $39M | Not provided |
| 14 | VIPKid | Online English tutoring for children | $1.2B–$2.0B | Low Confidence | Proxy-Based Estimate | Estimated | $975M | Not provided |
| 15 | Course Hero | Digital study resources marketplace | $1.4B–$1.8B | Partial Confidence | Comparables-Based Estimate | Estimated | $477M | Not provided |
| 16 | Guild | Employer-funded education and career platform | $1.3B–$1.8B | Partial Confidence | Comparables-Based Estimate | Estimated | $730M | Not provided |
| 17 | Go1 | Corporate learning content marketplace | $1.3B–$1.8B | Partial Confidence | Comparables-Based Estimate | Estimated | $414M | Not provided |
| 18 | iTutorGroup | Online language and personalized tutoring | $1.4B–$1.6B | Partial Confidence | Acquisition Value | Estimated | $315M | Not provided |
| 19 | Kajabi | Creator commerce and course platform | $1.2B–$1.6B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $550M | Not provided |
| 20 | Speak | AI-powered language speaking tutor | $1.2B–$1.6B | Partial Confidence | Comparables-Based Estimate | Estimated | $166M | Not provided |
| 21 | Andela | Global technology talent marketplace | $1.2B–$1.5B | Partial Confidence | Proxy-Based Estimate | Estimated | $375M | Not provided |
| 22 | Golden Education | Finance and professional exam training | $1.0B–$1.5B | Partial Confidence | Comparables-Based Estimate | Estimated | $150M | Not provided |
| 23 | Avanse | Education-focused lending and financing | $1.1B–$1.4B | Partial Confidence | Comparables-Based Estimate | Estimated | ~$570M | Not provided |
| 24 | Degreed | Enterprise learning and skills platform | $1.0B–$1.4B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $386M | Not provided |
| 25 | Preply | Online language tutoring marketplace | $1.2B | Full Confidence | Announced Private Round Valuation | Observed | $320M | Not provided |
| 26 | Hotmart | Creator monetization and course platform | $1.0B–$1.4B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $130M | Not provided |
| 27 | KnowBox | AI-assisted school homework platform | $900M–$1.2B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $306M | Not provided |
| 28 | Newsela | Curriculum content for schools | $900M–$1.2B | Strong Confidence | Comparables-Based Estimate | Estimated | $189M | Not provided |
| 29 | GoGuardian | K-12 classroom management software | $900M–$1.2B | Partial Confidence | Comparables-Based Estimate | Estimated | $200M | Not provided |
| 30 | Huohua Siwei | Interactive math and thinking classes | $800M–$1.2B | Low Confidence | Proxy-Based Estimate | Estimated | $590M | Not provided |
| 31 | Hetao101 | Coding education for children | $800M–$1.2B | Partial Confidence | Comparables-Based Estimate | Estimated | $268M | Not provided |
| 32 | BetterUp | Enterprise coaching and development platform | $900M–$1.1B | Strong Confidence | Comparables-Based Estimate | Estimated | $567M | Not provided |
| 33 | Codemao | Programming education for children | $715M–$1.1B | Partial Confidence | Comparables-Based Estimate | Estimated | $360M | Not provided |
| 34 | ApplyBoard | International student recruitment platform | $700M–$1.1B | Partial Confidence | Comparables-Based Estimate | Estimated | $554M | Not provided |
| 35 | Babbel | Subscription-based digital language learning | $700M–$1.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $34M | Not provided |
| 36 | Ruangguru | Southeast Asian digital learning platform | $700M–$1.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $213M | Not provided |
| 37 | Quizlet | AI-powered study and flashcards | $700M–$1.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $62M | Not provided |
| 38 | Leap Scholar | International study and student finance | $700M–$850M | Partial Confidence | Announced Private Round Valuation | Implied | ~$218M equity / $318M incl. debt | Not provided |
| 39 | Age of Learning | Digital learning for young children | $600M–$900M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $482M | Not provided |
| 40 | HuJiang | Languages and professional online learning | $600M–$900M | Low Confidence | Proxy-Based Estimate | Estimated | $223M | Not provided |
| 41 | Nearpod | Interactive K-12 classroom lessons | $650M | Full Confidence | Acquisition Value | Observed | $51M | Not provided |
| 42 | Lingokids | Educational entertainment app for children | $500M–$750M | Strong Confidence | Implied Valuation from Raise | Implied | $182M | Not provided |
| 43 | ClassDojo | School-family communication platform | $550M–$650M | Strong Confidence | Comparables-Based Estimate | Estimated | $222M | Not provided |
| 44 | DataCamp | Data and AI skills training | $500M–$700M | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $31M | Not provided |
| 45 | Domestika | Creative-skills online courses | $450M–$700M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $200M | Not provided |
| 46 | Open English | Online English-language instruction | $500M–$600M | Partial Confidence | Proxy-Based Estimate | Estimated | $137M | Not provided |
| 47 | LEAD School | School curriculum and technology platform | $450M–$650M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $182M | Not provided |
| 48 | Platzi | Latin American professional skills education | $400M–$650M | Low Confidence | Comparables-Based Estimate | Estimated | $70M | Not provided |
| 49 | Clever | K-12 identity and learning platform | $508M | Full Confidence | Acquisition Value | Observed | $43M | Not provided |
| 50 | Outschool | Live online classes for children | $350M–$650M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $240M | Not provided |
| 51 | GoStudent | Online and offline tutoring | $350M–$550M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $780M | Not provided |
| 52 | General Assembly | Digital skills and workforce training | $413M | Full Confidence | Acquisition Value | Observed | ~$120M | Not provided |
| 53 | Paper | 24/7 K-12 virtual tutoring | $300M–$500M | Low Confidence | Comparables-Based Estimate | Estimated | $379M | Not provided |
| 54 | Crehana | Latin American workforce learning platform | $300M–$500M | Low Confidence | Comparables-Based Estimate | Estimated | $99M | Not provided |
| 55 | Lingoda | Live online language classes | $350M–$450M | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $73M | Not provided |
| 56 | Brainly | AI-powered collaborative homework platform | $320M–$480M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $149M | Not provided |
| 57 | Codecademy | Interactive programming and technical courses | $390M | Full Confidence | Acquisition Value | Observed | ~$88M | Not provided |
| 58 | Descomplica | Brazilian online higher education | $300M–$450M | Low Confidence | Comparables-Based Estimate | Estimated | $121M | Not provided |
| 59 | Scaler | Technology upskilling and degree programs | $330M–$400M | Partial Confidence | Active Raise Valuation | Implied | ~$77M | Not provided |
| 60 | Quizizz / Wayground | Gamified classroom learning platform | $300M–$400M | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $47M | Not provided |
| 61 | Huike Group | University digital education solutions | $250M–$450M | Low Confidence | Comparables-Based Estimate | Estimated | $63M | Not provided |
| 62 | Panorama Education | K-12 student data software | $280M–$400M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $92M | Not provided |
| 63 | Prodigy Education | Game-based math and English learning | $250M–$400M | Low Confidence | Comparables-Based Estimate | Estimated | $125M | Not provided |
| 64 | Simplilearn | Professional technology skills training | $250M–$350M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $78M | Not provided |
| 65 | Leverage Edu | Overseas education and student mobility | $280M–$320M | Partial Confidence | Active Raise Valuation | Implied | ~$73M | Not provided |
| 66 | Cambly | Live one-to-one English tutoring | $250M–$350M | Partial Confidence | Comparables-Based Estimate | Estimated | $100M | Not provided |
| 67 | Classplus | Software platform for educators | $200M–$320M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $159M | Not provided |
| 68 | Skillshare | Subscription creative-skills learning platform | $200M–$300M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $117M | Not provided |
| 69 | 2U | University online-program technology provider | $180M–$300M | Low Confidence | Proxy-Based Estimate | Estimated | $107M | Not provided |
| 70 | Riiid / Socra AI | AI-powered personalized language learning | $180M–$280M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $257M | Not provided |
| 71 | Ubits | Corporate learning platform for LatAm | $170M–$280M | Low Confidence | Implied Valuation from Raise | Implied | $35M | Not provided |
| 72 | Mathpresso (QANDA) | AI-powered math learning platform | $160M–$230M | Partial Confidence | Implied Valuation from Raise | Implied | $134M | Not provided |
| 73 | Great Learning | Professional and higher education courses | $160M–$210M | Partial Confidence | Acquisition Value | Estimated | Bootstrapped / undisclosed | Not provided |
| 74 | Sunstone | Industry-linked higher education programs | $140M–$200M | Partial Confidence | Implied Valuation from Raise | Estimated | ~$86M | Not provided |
| 75 | DreamBox Learning | Adaptive math and reading software | $120M–$220M | Low Confidence | Comparables-Based Estimate | Estimated | $176M | Not provided |
| 76 | CollegeDekho | College discovery and admissions platform | $150M–$180M | Strong Confidence | Announced Private Round Valuation | Implied | ~$78M | Not provided |
| 77 | Vedantu | Live K-12 online tutoring | $125M–$200M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $333M | Not provided |
| 78 | Springboard | Mentor-led technology career training | $120M–$200M | Low Confidence | Comparables-Based Estimate | Estimated | ~$66M | Not provided |
| 79 | Adda247 | Government exams and skills training | $140M–$170M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | ~$63M | Not provided |
| 80 | Toppr | K-12 learning and exam preparation | $145M–$155M | Strong Confidence | Acquisition Value | Observed | ~$116M | Not provided |
| 81 | Teachmint | School management and classroom software | $120M–$180M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $118M | Not provided |
| 82 | Nerdy | Live online tutoring marketplace | $124M | Full Confidence | Public Market Cap | Observed | $107M | Not provided |
| 83 | Newton School | Technology education and career training | $105M–$130M | Partial Confidence | Active Raise Valuation | Estimated | ~$31M | Not provided |
| 84 | Cuemath | Online mathematics tutoring for children | $90M–$140M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | ~$126M | Not provided |
| 85 | Numerade | Video and AI STEM tutoring | $80M–$120M | Partial Confidence | Comparables-Based Estimate | Estimated | $26M | Not provided |
| 86 | BYJU'S | K-12 learning and exam preparation | $50M–$150M | Low Confidence | Proxy-Based Estimate | Estimated | $6.083B | Not provided |
| 87 | ELSA Speak | AI English pronunciation coaching | $85M–$95M | Strong Confidence | Comparables-Based Estimate | Estimated | $48M | Not provided |
| 88 | Udacity | Technology and AI career training | $70M–$100M | Low Confidence | Acquisition Value | Estimated | $236M | Not provided |
| 89 | Extramarks | Digital learning solutions for schools | $45M–$75M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | ~$44M | Not provided |
| 90 | ClassIn | Interactive virtual classroom platform | $35M–$70M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $265M | Not provided |
| 91 | Labster | Virtual science laboratory simulations | $35M–$50M | Partial Confidence | Comparables-Based Estimate | Estimated | $147M | Not provided |
| 92 | 17 Education & Technology | School SaaS and learning services | $21M | Full Confidence | Public Market Cap | Observed | $385M | Not provided |
| 93 | Yunxuetang (YXT.COM) | Corporate digital learning software | $17M | Full Confidence | Public Market Cap | Observed | $397M | Not provided |
| 94 | DaDa | One-to-one children's English tutoring | $14M–$16M | Partial Confidence | Acquisition Value | Implied | $355M | Not provided |
| 95 | Zhangmen Education | Online K-12 tutoring services | $10M–$12M | Strong Confidence | Acquisition Value | Implied | $873M | Not provided |
| 96 | Doubtnut | Photo-based homework help platform | $9M–$11M | Strong Confidence | Acquisition Value | Observed | >$52M | Not provided |

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
- EdTech valuation is highly concentrated. The top 10 companies account for about 48% of the combined valuation represented in this ranking, even though the database includes 96 companies.
- Duolingo's $7.4B public valuation is more than four times Kahoot!'s $1.7B acquisition value. Consumer language learning has produced much greater equity value at scale than classroom engagement software.
- Physics Wallah has created about $11 of current market value for every $1 of disclosed funding. That makes Physics Wallah one of the most capital-efficient multibillion-dollar EdTech companies in the ranking.
- Nearpod's $650M acquisition value was almost 13 times its $51M of disclosed funding, while Clever's $508M exit was almost 12 times its $43M funding base. Embedded K-12 software has produced strong strategic outcomes.
- Hotmart's estimated $1.0B–$1.4B valuation compares with only $130M of funding. The ratio suggests that course distribution and creator monetization can scale with much less external capital than many tutoring businesses.
- The contrast between successful EdTech software and distressed tutoring platforms is extreme. Zhangmen Education raised $873M but was valued at roughly $11M in its going-private transaction, implying almost complete destruction of invested capital.
- General Assembly and Codecademy reached remarkably similar strategic exit values, $413M and $390M respectively. Established digital-skills platforms appear to have converged around a comparable acquisition value despite different histories.
- The median company in this EdTech ranking is worth about $517M, while the midpoint of Handshake's valuation range is about $10B. The market leader is therefore valued at roughly 19 times the median company.

This chart, featured in our EdTech market deck, shows why Duolingo is winning in EdTech
A few words 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 and its stage.
To build this EdTech 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, or 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 also estimate EdTech valuations using operating metrics such as revenue, ARR, paid users, school penetration or customer traction, combined with 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, product traction or geographic expansion.
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 EdTech valuation data is treated cautiously and adjusted conservatively when necessary.
Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.
Because private EdTech valuation data is not always fully public, each 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 helps reflect 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
- EdTech: what are the top startups?
- Which startups have raised the most funding in the EdTech market?
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