THE US Education Technology sector received a massive boost last year, with funding having reached $1.87bn in 2014.
Last year’s funding increased by 55% from that of 2013, with the 2014 funding a staggering 110% higher than 2012’s total.
According to CB Insights Data, Educational Technology companies raked in $1.87bn across 350 deals, a new record for both deals and revenue.
Driving the record funding were multiple nine-figure deals to startups focusing on a number of facets in the education technology sphere, ranging from online learning platforms to classroom community tools.
On the back of a strong 2014, this year is already off to a good start for the education technology industry with online video tutorial company Lynda.com’s $186m financing deal from TPG Capital.
In 2014, early-stage deal activity in the Educational Technology sector remained strong, with over three quarter of deals coming at the seed or Series A stages.
Mid-stage deals only took just over 15% of the Educational Technology deals.
With the industry going from strength to strength, Education Technology is now seeing a rising number of highly valued private companies, including both Lynda.com and Pluralsight which are both now valued near $1bn.
The last five years has seen a staggering rise in funding for US Education Technology, rising from $385m in 2009 to $1.87bn in 2014.
