🧑🏽‍💻 Rise of Virtual School. Latin America EdTech 100

Advancements in digital learning technologies and reliance on EdTech during the COVID-19 pandemic have propelled virtual schooling to become an attractive and viable alternative for K12 education. New K12 virtual models have emerged.

Happy Monday 👋

This week, we dive into the changes in Virtual School models and exciting innovations featured in the 2023 Latin America EdTech 100. 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.

💻 Virtual School

Advancements in digital learning technologies and reliance on EdTech during the COVID-19 pandemic have propelled virtual schooling to become an attractive and viable alternative for K12 education.

Several virtual models have emerged, catering to the diverse needs of families and schools. B2B virtual school operators are offering "school-in-a-box" programs and other services, empowering traditional schools to create and manage their own virtual academies. B2B and B2C course providers offer pre-packaged online courses, filling gaps in local curricula or providing access to specialized subjects not offered in brick-and-mortar schools. Hybrid models combine in-person and online learning, offering flexibility to students while maximizing available resources. Additionally, virtual schools are emerging in various forms: independent, tuition-free & government-affiliated, and even entirely virtual international schools.

HolonIQ Market Map: Virtual School

Market Map - Virtual School, Source: HolonIQ

📊 Attendance at Virtual Schools

The number of US K12 students taking some classes through virtual schools increased significantly between 2018 and 2021, with almost 8 million receiving supplementary instruction via virtual schooling.

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🌐 Hope for Hybrid Learning.

In the HolonIQ 2023 K12 Annual Survey, K12 leaders across the globe anticipate that hybrid learning will be the primary learning experience for school-aged children.

Source: HolonIQ. 2023 K12 Annual Survey

📢 Do you agree? Participate in the 2024 K12 Digital Transformation Survey and share your insights on the evolving landscape of education.

📊 2024 Global Education Outlook

We recently launched the 2024 Global Education Outlook, HolonIQ's annual analysis of the global education economy, presenting over 180 pages of detailed market data, investment & analysis, strategic shifts and trends in education. Download the extract or purchase the full report. You may also be interested in our Global Economic OutlookGlobal Climate Tech Outlook and Global Health Tech Outlook.

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🏆 Latin America EdTech 100

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 being used in education, from PreK to Lifelong Upskilling. Drawing on the HolonIQ Platform, along with perspectives from market experts in each region, analysts from our Education Intelligence Unit consider which segments are in demand, where capital is flowing, the products and models gaining traction and characteristics of the leadership team. This week we are featuring the most promising EdTech startups in Latin America.

Source: HolonIQ

💰 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 each day.

💰 Funding

📜 Morressier, a Berlin-based startup that provides publishers with workflows for research integrity, closed an investment round at $16.5 million.

🧑🏻‍💻 Bootcamp provider Northcoders secured $12.7 million from UK's Department of Education to extend its bootcamp courses in software development, data engineering, and cloud computing.

📕 Egyptian EdTech startup Edura, an online learning platform, secured an undisclosed amount of pre-seed funding.

💼 Acquisitions

🌍 Language testing giant ETS acquired fellow assessment company PSI for an undisclosed amount.

💲 PowerSchool, provider of cloud-based software for K12 education, acquired Allovue, a U.S.-based provider of K12 financial planning, budgeting, and analytics software.

🏫 European international school chain, Dukes Education, acquired Ireland-based tuition provider Bruce College.

🏥 Intelvio, a healthcare education company, acquired Classward, an online provider of continuing education for EMS professionals, to extend its reach in EMS and test preparation and continuing education resources.

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