🌎 $580M Q1 EdTech Funding + 2024 North America EdTech 200

Happy Monday 👋

This week, HolonIQ launches the North America EdTech 200, the annual list of the most promising EdTech startups in North America. This year sees a significant lift in early stage companies with 1 in 5 founded three or less years ago, many focusing on the K12 sector and, not surprisingly, with AI as a core element of their value proposition.

This Week's Topics

🌎 The 2024 North America EdTech 200. Meet the most promising 200 pre-exit EdTech startups under 10 years old in North America
📊 Chart Spotlight. $580M Q1 EdTech funding marks a 10-year low
📖 Annual Education Outlook. 180+ pages of trends, insight, and data
💰 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 new Daily Newsletters, Chart of the Day and Impact Capital Markets. For access to the HolonIQ Market Intelligence Platform, request a demo.

🏆 Announcing the 2024 North America EdTech 200

Management systems along with workforce and skills are the two largest categories in this year's list, with learning environments and financing education dominating in management systems, whilst workforce and skills sees significant diversity in solutions, ranging from workforce and career planning to upskilling and mentoring. A focus on skills is evident with skills mapping, matching, and skills intelligence solutions seeking to support companies as they identify and train internal talent. Learn more about the makeup of the 2024 North America EdTech 200, and download the market map. Customers can deep dive the data on the HolonIQ platform.

🧠 Annual AI in Education Survey

Interim results of this year's annual AI in Education Survey show a marked increase in education institutions that have invested and successfully deployed artificial intelligence. Cost savings resulting from automation is one of the top reasons for adoption of AI. Participate in the Survey to receive the report.

📊 $580M Q1 EdTech funding marks a 10-year low.

EdTech funding value is down 90% from 2021 high and funding count is down 50% in most global markets. Q1 saw further decline in demand from pandemic peaks in ‘nice to have’ categories. Overall, EdTech startups are hiring below the rate of departures (shrinking) and global VC funding continues to fade driven by relatively high interest rates and cost of capital. The headwinds are obfuscated by a buoyant AI hype cycle, many old-school incumbents levelling back up and strong growth in analog trends such as international education, education finance, ‘brick and mortar’ schools and even K12 student transport. 

📖 2024 Global Education Outlook

HolonIQ's annual analysis of the global education economy offers over 180 pages of in-depth insights on market data, investments, strategic shifts, and trends in education. Download the extract or purchase the full report.

💰 Education Deals of the Week

HolonIQ actively monitors and tracks capital flow in the Education market, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to see the top deals daily.

Funding

📈 Abre, a company that provides a data solution for K-12 schools, raised $24M in Series A funding.

💸 Workplace student loan solution provider Summer raised $9M in funding to expand its team, board, and tech platform. 

🧸 Kokoro Kids, an online learning provider for children aged 2-15 with conditions like ASD and ADHD, secured $2.4M from the Lego Foundation, building on their initial investment in 2023.

🤖 PETE, an AI-powered learning platform for businesses, raised $2M in seed funding to amplify its sales marketing initiatives and continue the development of its patent-pending proprietary AI technology.

🧠 Superintelligent, a newly launched platform designed to equip users with AI skills, has exited stealth after securing $2M in pre-seed funding.

💶 Adro, a New York fintech targeting international students and workers in the US, raised $1.5M in pre-seed funding to scale their platform offerings. 

🌱 Gaia Learning secured $1.2M in angel investment to expand its online learning platform for neurodivergent children. 

💪🏽 GoodGist Inc, a skills development and knowledge management automation platform, secured $1M funding to launch an advanced AI Curator designed to upskill the workforce

🇧🇷 Brazi-based Ada, a gamified training program and a skill mapping platform secured undisclosed funding in a pre-Series A round led by Wayra Brasil and QMS Capital aiming for 50% growth in 2024.

M&A

🔤 Clay, an AI-powered lesson planner, was acquired by Kangarootime, a childcare management software provider for early education centers.

🤝 Keystone Partners, a leadership development program provider, acquired CEC, which offers certification and training for coaching careers.

🌊 Viking Mergers & Acquisitions, a business brokerage firm, acquired Sea School, a maritime licensing and education provider.

Thank you for reading. Have a great week ahead!
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