🕴️ Tech Solutions for Career Mentoring and Coaching + Puerto Rico Impact 50

Happy Monday 👋

Technology for career mentoring and coaching is evolving to meet modern workforce needs. Key players include peer mentors, independent coaches, consulting firms, online platforms, and universities—all offering tech-enabled solutions to help people hone career-ready skills and support them in the world of work. Many promising startups in this year's HolonIQ EdTech 1000 are emerging in this growing category. As a part of the Puerto Rico Impact Week, HolonIQ recently announced the Puerto Rico Impact 50, the most promising Puerto Rican startups and scale-ups across education, health & climate.

This Week's Topics

🕴️ Career Mentoring and Coaching.  Exploring digital solutions for career mentoring and coaching
📊 Chart Spotlight. Employees with a mentor report higher career opportunity availability
📈 Early Childhood Index. Up 5% over the last three months
🍎 Back to School Summit. September 10-11 in New York City
🏆 Puerto Rico Impact 50. the most promising Puerto Rican startups and scale-ups across education, health & climate.
📖 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 unlimited access to over one million charts, request a demo.

🕴️ Career Mentoring and Coaching Landscape

Traditionally career mentoring and coaching have been one-on-one, in-person experiences, which can be expensive, difficult to scale and can exacerbate inequities in the workforce, favoring those who can afford the time and services of these professionals. New solutions with digital features such as video conferencing or AI-powered feedback are making digital coaching more affordable and dynamic. This, along with a cultural shift toward personal improvement and building social capital, is helping more solutions to gain popularity in the market.

Key categories in the coaching and mentoring market include peer-to-peer learning, independent coaches, consulting firms, online platforms, and academic institutions offering specialized, tech-enabled programs. These providers often differentiate themselves based on expertise, industry focus, coaching approach, and geographic reach. Corporate mentoring programs have also gained prominence as organizations prioritize employee development and leadership training.

As the demand for career mentoring and coaching continues to rise, the market is expanding to meet the evolving needs of individuals and organizations in navigating the complexities of today's workforce landscape. With the greater acceptance of digital models—HolonIQ's Career Mentoring and Coaching market map helps unpack the latest in this dynamic market.

🏫 Career Mentoring and Coaching - Market Map

📊 Charts Spotlight - Employees With a Mentor Report Higher Career Opportunity Availability

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.

A recent survey reveals the pivotal role mentorship plays in the professional growth of employees. At the individual (below managerial levels - analysts/associates) and managerial levels, there is a significant gap in opportunities between those who have a mentor and those who don't. For example, at the managerial level, 75% of those with a mentor reported they have excellent to good opportunities, while only 31% of those without a mentor felt the same. However, the gap in perceived opportunities between employees with and without mentors gradually narrows beyond the senior manager level. Alongside the gap, satisfaction regarding career advancement opportunities increases with seniority.

📈 Capital Markets - Early Childhood Index Up by 5%

HolonIQ tracks hundreds of listed education companies worldwide, acquisitions, and investment transactions. Our Impact Capital Markets newsletter tracks over 60 impact stock indices, including climate tech, emerging economies, and over 50 indices tracking healthcare innovation and education technology. Subscribe to Impact Capital Markets for data-driven insights on capital powering impact.

HolonIQ’s Early Childhood Index recovered by November 2023 after a rough first half of 2023. Over the past three months, the index staged a 5% increase in value and has been on an upward trend since mid-April 2024. The financial results for Bright Horizons Family Solutions ($6.5B MCap), whose revenue and income from operations increased by 12% and 30%, undermine the positive performance seen in the stock's price. Another relevant stock, GE Education ($1B MCap), has been on an upward trend over the past three months. Certain countries, such as the UK and Canada, have expanded early childcare benefits, granting parents additional finances to support their child's education at earlier stages. However, demographic shifts, such as declining birth rates, may suppress index performance in the medium to long run.

🏆 Puerto Rico Impact 50

As part of Puerto Rico Impact Week, HolonIQ launched its inaugural Puerto Rico Impact 50 list. This list identifies high-potential startups and scale-ups in Puerto Rico driving positive change in education, health, and climate.

The Puerto Rico Impact 50 reflects a strong emphasis on health innovation. Health tech companies comprise over a third of the cohort, followed by Finance & Technology for impact at 18%, Environment at 18% and Education & Skills at 12%. The remaining startups tackle mobility and infrastructure. 43% of the cohort was founded 8+ years ago, illustrating the more mature age profile, particularly in the health segment. There is also a strong scale-up contingent, particularly from the education and skills group (StreamTechnologies, Telecubes, Terminal34). 

🎓 AI & the Future of Education Technology, London, 19 June

Join us for an executive roundtable on the role of AI in education and the future of education technology as part of London EdTech Week. We'll review HolonIQ's 6th annual survey on AI in Education and share exclusive research on AI. We'll also dive into how AI is shaping the Europe EdTech 200, HolonIQ's annual list of the most promising EdTech startups in Europe. Places are limited. Register Now.

🍎 Back to School Summit 10-11 Sept NYC

Registration for our flagship Back to School Summit in New York on September 10–11 is now open. This year, we're bringing over 500 global education leaders together for three incredible tracks: Higher Education and Workforce, Foundation and Philanthropy, and Technology and Finance.

📖 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

📖 Desire2Learn, a Canadian-based Learning Management Solutions provider for educational institutions, raised $85M in a Series B funding round to expand its market presence.

🧑‍🏫 Elevate K-12, a company providing certified teachers to traditional classrooms via online live sessions, has raised $25M in a venture round to support the expansion of live online teaching.

👶 Tiney, a UK-based childcare startup that provides home nurseries with early years education, raised $9M in a Series A funding round. The company will use the funds to expand operations and development efforts.

💻 Daxap, a Norway-based multi-language communications platform, raised $370K in a Seed funding round for the international expansion of the multilingual communication platform Kiddy.

M&A

🏫 Classover, an online child learning center for children between 4 and 12 years old, merged with Battery Future Acquisition Corp, a company aiming to produce the critical battery materials required to support the clean energy revolution.

Thank you for reading. Have a great week ahead!
Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com