🧑🏫 AI & Teacher Support + SEA EdTech 50 + NYC Summit
Increasingly AI-led solutions are being used to support the work of teachers, and in doing so, aim to help with chronic workload problems, teacher shortages and burnout. Register before 8 July for early-bird pricing for HolonIQ's global flagship Back to School Summit in 🇺🇸 New York.
Hello 👋
Increasingly AI-led solutions are being used to support the work of teachers, and in doing so, aim to help with chronic workload problems, teacher shortages and burnout. Register before 8 July for early-bird pricing for HolonIQ's global flagship Back to School Summit in 🇺🇸 New York on 10-11 Sept. as we delve into the key drivers and technologies behind changes to the education market.
This Week's Topics
🧑🏫 AI & Teacher Support. AI solutions to help solve teacher workload, shortages & burnout
📊 Chart Spotlight. US high school enrollment is projected to fall in the next decade
🏆 Southeast Asia EdTech 50. The most promising EdTech startups in the region
🇺🇸 Back to School Summit in New York. HolonIQ's flagship summit covering the key drivers, trends and technologies impacting the education market
💰 Education Deals of the Week. Funding and M&A
Don't forget to check out the 2024 Global Education Outlook and sign up for our Daily Newsletters, Chart of the Day, and Impact Capital Markets. Request a demo for access to HolonIQ's market intelligence platform.
🤖 AI to Support Teachers
This week saw MagicSchool, an AI platform for K12, raise $15M. MagicSchool enables teachers to use natural language to request an output to help with over 50 tasks like quiz generation, adjusting text for reading levels or lesson plans, as well as AI literacy for students. MagicSchool is an example of the growing interest in, and launch of AI-based tools focused on supporting the work of teachers, with the aim of saving time and reducing teacher burnout. HolonIQ tracks thousands of AI-led companies that are supporting educators from Pre-K to Upskilling. Contact us to learn more.
📊 Charts Spotlight - US High School Enrollment is Projected to Fall in the Next Decade
Subscribe to HolonIQ's 'Chart of the Day,' a daily newsletter that helps explain the global impact economy, from climate tech to education and healthcare.
From 2000 to 2024, enrollment in US high schools ranged between 2.5M and 4.5M across grades 9 to 12. However, projections indicate a change in enrollment patterns by 2031, with enrollments in grades 11 and 12 projected to fall below 3.5M, while grades 9 and 10 are expected to remain around 3.8 M.
This projected distribution implies a potential drop in student progression through high school over time. The potential decline in upper grades can be attributed to changes in grade promotion (advancing to the next grade), transfer rates, and dropout rates which have influenced students' progression through high school. Pandemic disruptions, declining birth rates, and the availability of state choice programs offering public funds for private school tuition have further contributed to the long-run decline in high school enrollments.
🏆 Southeast Asia EdTech 50
Each year, HolonIQ identifies the 1000 most promising EdTech startups globally. Region by region, we build a picture of each market and how technology is used in education, from PreK to Lifelong Upskilling. This week, we are revisiting the 50 most promising EdTech startups in Southeast Asia.
Recent significant developments within the region includes a partnership between Emeritus and Bloomberg Media to offer courses on artificial intelligence, sustainability, finance, and technology. Also, Prep, a Vietnam-based online test preparation platform raised $7M in Series A funding.
🍎 Early Bird Closing Soon - Join us for the Back to School Summit - NYC 10-11 Sept
Registration for our flagship Back to School Summit in New York on September 10–11 is now open. The 'Back to School' Summit will bring together 500 influential leaders from Pre-K to Higher Education and Workforce, Philanthropic foundations, leading education companies and policymakers, major institutional investors and technology leaders for two days of roundtables, presentations and networking. 2024 will follow three broad tracks; Foundations & Philanthropy, Higher Education & Workforce and Technology & Finance. Register before 8 July for Early Bird tickets.
🇸🇪 Nordic EdTech Summit
Catch HolonIQ at the Nordic EdTech Summit in Sweden this August, where we will launch the 2024 Nordic-Baltic EdTech 50, a list of the most promising EdTech startups in the region.
💰 Education Deals of the Week
HolonIQ actively monitors and tracks capital flow in the Education market, spanning all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to see the top deals daily.
Funding
📊 Techwolf, a skills intelligence platform, has raised $43M to help enterprises adopt a skills-based talent model.
🎩 MagicSchool, a platform that leverages AI to assist teachers with tasks such as lesson planning, text leveling and assessment, raised $15M Series A round.
🖥️ Online learning platform UpGrad raised $35M in debt funding to support its growth strategy, new product development & entry into new markets.
🔀 Authentica Solutions, a data-integration provider for the education sector, raised $6.2M from Owl Ventures to fuel global expansion.
🗣️ Fluently, an AI-powered English coaching startup platform for near-native speakers raised a $2M seed round.
Thank you for reading. Have a great week ahead! Have some feedback or suggestions? Let us know at hello@holoniq.com