AI in Education - Tracxn Feed Report - 22 Apr 2022

TRACXN FEED REPORT
AI IN EDUCATION
APRIL 22, 2022

Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix
Feed Report - AI in Education - Apr 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Overview Summary
Funding Market Map
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix
AI in Education - Summary (1/2)
Top Companies Key Stats
Wonder Workshop Riiid

(2012, United St.., $80.8M) (2014, South Korea, $250M) 1,282 395 $3.5B
GoGuardian Practically Companies Funded Total Funding
(2014, United St.., $200M) (2018, India, $24.0M) Companies
Duolingo Embibe
(2011, United St.., $183M) (2012, India, $11.7M)
$1.4B 24 2
Miko Knewton
(2015, India, $51.4M) (2008, United St.., $162M) Funding in last 2 Acquisitions IPOs
years
Scope of Feed Top Geographies by Companies

Total Companies
What is included
Companies developing solutions like natural language processing, computer vision, and United States 300
autonomous system enablers for education. In addition, companies that provide
applications powered by AI for various functions such as data analytics, India 287
recommendations, and automation for education businesses
China 96
What is not included
Companies working with big data without using any AI tools. Organizations offering United Kingdom 63
pure services (such as building AI apps using exclusively third-party frameworks, or
offering AI solution integrations, consultancies, etc.) are excluded. Labs and Canada 56
research institutes are also excluded. Companies providing AI solutions f...
Unfunded Companies Funded Companies
4 Feed Report - AI in Education - Apr 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
AI in Education - Summary (2/2)
# Companies by Stage Y-o-Y Funding $ Funding by Country
Total Funding: $3.5B
China (47.5%)
Founded 1282 -
United States (28.1%)
Funded 395 100%
South Korea (10.7%)
Series A+ 60 15% India (7.2%)
Japan (2.2%)
Series B+ 24 6%
United Kingdom (1.7%)
Series C+ 14 3%
Singapore (0.7%)
Series D+ 7 1% Others (2.0%)
$ Funding # Rounds
Top Funding Rounds in last 2y Top Investors Top Exits

Company Round Details Stage Investor # Portfolio Type Company Acq. Price/IPO Mcap
GoGuardian Y Combinator 7 Embibe
(2014, United States, $200M)
$200M-Series B Seed (2012, India, $11.7M)
$180M
Techstars 5
Stage
VIPThink LetsVenture 4 Osmo
$180M-Series C Acq. (2013, United States, $36.8M)
$120M
(2018, China, $195M)
Learn Capital 2
Riiid Early WriteLab
$175M-Series D Qiming Venture Partn.. 2 (2013, United States, $3.1M)
$15.0M
(2014, South Korea, $250M) Stage
Owl Ventures 2
Huohua Siwei Duolingo
$150M-Series E (2011, United States, $183M)
$3.7B
(2016, China, $440M) GGV Capital 2
Late IPO
Huohua Siwei Tencent 2 Tribal Group
$100M-Series E Stage -
(2016, China, $440M) TAL Education Group 2 (1999, United Kingdom)
Marketmap: HR Tech Sep 2020
Marketmap - AI in Education
K-12 EDTECH
Top Business Models in last 1y
LEARNING PLATFORMS
Business Model Funding
School Management Software $209M

HIGHER EDUCATION TECH
SCHOOL IT
LEARNING PLATFORMS Virtual K-12 Math Tutoring
$64.1M
Platform
Online Courses for Schools $15.5M

PRE-K EDTECH
COLLEGE IT
AR VR Based School Teaching
$5.0M
Solutions
CORPORATE LEARNING
TEST PREPARATION TECH
LEARNING
MANAGEMENT SYSTEMS
LEARNING PLATFORMS
LANGUAGE LEARNING PLATFORMS
*Upcoming Business Model

Contents
Overview
Funding Funding Funnel
Investors Y-o-Y Funding Trends
Acquisitions Funding by Geography
IPOs Y-o-Y Stage wise Funding
Companies Median Round Size by Stage
Unicorns New Entrants to Funded Club
Business Models Funding by Team Background - College wise
News Funding by Team Background - Company wise
Appendix List of Key Funding Rounds
Funding Funnel
# Companies Funding Funnel Moved from Avg. Years from first
Stage
% previous Stage % funding
Founded 1,282 - - -
Funded 395 100% 31% -
Series A+ 60 15% 15% 2.8
Series B+ 24 6% 40% 3.2
Series C+ 14 4% 58% 4.4
Series D+ 7 2% 50% 4.5
Y-o-Y Funding Trends
Top Funding Rounds in last 2 years
Company Funding Round
GoGuardian
(2014, United States)
$200M - Series B
VIPThink
(2018, China)
$180M - Series C
Riiid
(2014, South Korea)
$175M - Series D
Huohua Siwei
(2016, China)
$150M - Series E
Huohua Siwei
(2016, China)
$100M - Series E
Mathpresso
(2015, South Korea)
$50.0M - Series C
atama +
(2017, Japan)
$45.3M - Series B
Riiid
(2014, South Korea)
$41.8M - Series C
Duolingo
$ Funding (3y) CAGR = +5% (2011, United States)
$35.0M - Series H
Financepeer
$ Funding (5y) CAGR = +36% (2017, India)
$31.0M - Series B
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
Funding by Geography
Distribution by Country - Total Funding ($) Top Cities by Funding
# Rounds Top Funded Company Beijing $1.1B
China 98 Huohua Siwei (440M)

Gangnam $363M
United States 152 GoGuardian (200M) New York City $267M
South Korea 19 Riiid (250M) Guangzhou $211M
Shanghai $206M
India 139 Miko (51.4M)
Los Angeles $202M

Japan 4 atama + (74.3M)
Pittsburgh $192M
Atom Learning
United Kingdom 20
(25.0M)
Mumbai $90.4M
Singapore 11 Geniebook (18.0M)
San Mateo $80.9M
Israel 12 Copyleaks (7.1M)

Tokyo $75.6M
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
Y-o-Y Stage-wise Funding Trends
Stage-wise $ Invested Stage-wise Number of Rounds
$201M $646M $491M $635M $744M $63.2M 50 75 70 58 74 17
Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
Median Round Size by Stage
Stage Round size - Min, Median, Max (2017-2022) Y-o-Y Median Round Size (2017-2022)
Late Stage $50.0M

$4.4M $219M
Series B $20.0M
$4.0M $200M
Series A $5.0M
$590K $29.2M
Seed $1.0M
$10.3K $21.0M
2017 2018 2019 2020 2021 2022 YTD
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
New Entrants to Funded Club
Notable
Companies
Blue Canoe GoGuardian Geniebook Boddle Learning BoldVoice Seekho
(2016, United States, (2014, United States, (2015, Singapore, (2018, United States, (2020, United States, (2021, India, $3.0M)
$3.9M) $200M) $18.0M) $1.4M) $2.3M)
Funding by Team Background - College wise
Distribution by Team Background
University of Riiid WriteLab Edukemy

California (Berk.. $250M $3.1M $2.0M
Carnegie Mellon Duolingo TRANSFR VR Embibe

University $183M $12.0M $11.7M
University of GoGuardian Edukemy Edustack

California (Los .. $200M $2.0M $125K
Duke University Duolingo Edukemy NeuroPlus

$183M $2.0M $1000K
Harvard University Knewton Bakpax Anthem

$162M $3.7M $3.1M
Harvard Business Knewton Bakpax ChatClass

School $162M $3.7M $3.0M
Stanford University Wonder Workshop Financepeer Osmo

$80.8M $37.9M $36.8M
Wonder Workshop Osmo Edukemy

IIT Delhi
$80.8M $36.8M $2.0M
Total Funding
Note: Number in the bracket is the Total Funding raised by the Company
Funding by Team Background - Company wise
Wonder
Google GoGuardian Osmo
$200M
Workshop $36.8M
$80.8M
Intel Knowbox LetzConnect Edmicro

$306M $1.4M -
Microsoft Duolingo Financepeer Blue Canoe

$183M $37.9M $3.9M
Amazon Wonder Workshop DuckyDo Neekids

$80.8M - -
Apple Wonder Workshop French Meter

$80.8M -
Facebook Wonder Workshop Say It Media

$80.8M -
Salesforce Financepeer TeachFX Hubert

$37.9M $1.5M -
Boston Consulting Hello English Anno.Ai Hubert

Group $6.9M - -
Total Funding
Top Funding Rounds in last 24 months (1/2)
Company $ Amount Round Date Investors
GoGuardian (2014, United States, $200M) $200M Series B Aug 2021 Tiger Global Management
VIPThink (2018, China, $195M) $180M Series C Sep 2020 Sinovation Ventures, Enlight Growth Partners, Alpha .., +5 more
Riiid (2014, South Korea, $250M) $175M Series D May 2021 SoftBank Vision Fund
Huohua Siwei (2016, China, $440M) $150M Series E Aug 2020 GSR Ventures, IDG Capital, Longhu Group, Sequoia, GGV Ca.., +1 more
Huohua Siwei (2016, China, $440M) $100M Series E Oct 2020 Yuanfudao, The Carlyle Group, Tencent
Mathpresso (2015, South Korea, $105M) $50M Series C Jun 2021 Legend Capital, Smile Gate Investment, Mirae Asset V.., +5 more
atama + (2017, Japan, $74.3M) $45M Series B Jul 2021 T. Rowe Price, Pavilion Capital Partners, JAFCO, DCM V..
Riiid (2014, South Korea, $250M) $42M Series C Jul 2020 InterVest, Korean Development Bank, IMM Investment
Duolingo (2011, United States, $183M) $35M Series H Nov 2020 General Atlantic, Durable Capital Partners
Nanjing Lanzhou.. (2018, China, $45.0M) $29M Series A Jun 2021 Gaochun District Government Portal, CCTVGB, GeniLink Capital
Merlyn Mind (2004, United States, $29.0M) $29M Series B Jun 2021 Learn Capital
Miko (2015, India, $51.4M) $28M Series C Aug 2021 Doli Trading and Investments, Castle Investment An.., +31 more
Top Funding Rounds in last 24 months (2/2)
Company $ Amount Round Date Investors
Amplio (2019, United States, $27.0M) $27M Series B Apr 2021 Quad
Atom Learning.. (2017, United Kingdom, $25.0M) $25M Series A Dec 2021 SoftBank Vision Fund
Geniebook (2015, Singapore, $18.0M) $17M Series A Oct 2021 Lightspeed Venture Partners, East Ventures, John Dan.., +6 more
Sanmeng (2013, China, $14.6M) $15M Series B Sep 2020 Gene Capital
Amira Learning.. (2018, United States, $20.7M) $11M Series B Apr 2021 Rethink, Owl Ventures, Vertical Venture Partners, +1 more
BoldVoice (2020, United States, $2.3M) $2M Seed Mar 2022 Y Combinator, Liquid 2 Ventures, Xfund, Flybridge Capi..
Orange Neurosci.. (2016, Canada) - Seed Sep 2021 India Accelerator
Contents
Overview
Funding
Investors YoY Investor Trends
Acquisitions Most Active Investors: Accelerators & Incubators
IPOs Most Active Investors: VC - Seed
Companies Most Active Investors: VC - Early
Unicorns Most Active Investors: VC - Late
Business Models Most Active Investors: PE
News
Appendix
Y-o-Y Active Investors
Y-o-Y # of unique Institutional Investors in AI in Education Top Institutional Investors in the last 2 years
Stage Investor name # Rounds in Last 2y1
Y Combinator 5 (▲150%)
Seed Stage LetsVenture 5 ( -- )
AngelList 3 (▲200%)
YourNest 4 (▲300%)
Early Stage Sequoia China 2 ( -- )
Exfinity Venture
2 (▲100%)
Partners
YourNest 2 ( -- )
Late Stage GGV Capital 2 (▲100%)
Tencent 2 ( -- )
First-time Investors Existing Investors
Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change from previous period.
Most Active Investors: VC - Seed
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Investor Location Portfolio count Investments in Feed Notable Investments in Feed
Wonder Workshop ($80.8M), Merlyn Mind ($29.0M), WriteLab

2 Learn Capital United States 108 5
($3.1M)
3 Reach Capital United States 82 4 WriteLab ($3.1M), TeachFX ($1.5M), Mathpix
Verificient Technologies ($3.6M), WriteLab ($3.1M), OKpanda

4 Kapor Capital United States 206 3
($3.0M)
5 East Ventures Japan 343 3 Geniebook ($18.0M), OKpanda ($3.0M), T-Lab ($1.6M)
6 Arc Capital Development United States 157 3 BirdBrain Technologies, Sprig Learning, NoRILLA
7 Dorm Room Fund United States 182 3 Nimble ($120K), Parsegon, DegreeChamp
8 Alexa Fund United States 88 3 Amira Learning ($20.7M), Novel Effect ($4.3M), YOURIKA
9 JointJourney Cyprus 80 3 Buddy, Tabi
10 NPX Capital United States 30 3 Riiid ($250M), Mathpresso ($105M), Speak ($120K)
Note: *Feed = AI in Education. The number in bracket refers to the total funding raised by the company.
Most Active Investors: VC - Early Stage
investments Feed*
2 RISE China 563 4 ACKTEC Technologies ($1.0M), MTEG, Almond.ai
Huohua Siwei ($440M), Mathpresso ($105M), Zhixiaole

3 GGV Capital United States 408 3
($10.0M)
4 Chiratae Ventures India 152 3 Miko ($51.4M), ByteLearn ($12.0M), Real Learning ($1.7M)
VIPThink ($195M), Wonder Workshop ($80.8M), WriteLab

5 Sinovation Ventures United States 272 3
($3.1M)
Mathpresso ($105M), Wonder Workshop ($80.8M), Classting
6 SoftBank Ventures Asia South Korea 180 3
($8.1M)
Huohua Siwei ($440M), Putao ABC ($21.0M), Lesen Robotics
7 Lightspeed China Partners China 124 3
($14.4M)
8 Kunzhong Capital China 50 3 Huikedu Group ($286M), UniCareer ($50.0M), GKid
9 Owl Ventures United States 74 3 Declara ($38.4M), Amira Learning ($20.7M), Bakpax ($3.7M)
10 Accel United States 950 2 Knewton ($162M), Osmo ($36.8M)
Note: *Feed = AI in Education. The number in bracket refers to the total funding raised by the company. Early Stage refers to Series A and Series B rounds
Most Active Investors: VC - Late Stage
investments Feed*
2 SoftBank Vision Fund United Kingdom 307 3 Riiid ($250M), VIPThink ($195M), Atom Learning ($25.0M)
3 EDBI Singapore 205 2 Knewton ($162M), Declara ($38.4M)
4 TCV United States 284 1 Nerdy
5 Bond Capital United States 84 1 Duolingo ($183M)
6 CapitalG United States 68 1 Duolingo ($183M)
7 NewView Capital United States 43 1 Duolingo ($183M)
8 Sofina Belgium 85 1 Knewton ($162M)
9 Durable Capital Partners United States 40 1 Duolingo ($183M)
10 SVV United States 16 1 MatataLab ($4.3M)
Note: *Feed = AI in Education. The number in bracket refers to the total funding raised by the company. Late Stage refers to Series C & beyond rounds.
Most Active Investors: PE
investments Feed*
2 Partners Investment South Korea 76 2 Riiid ($250M), Classting ($8.1M)
3 Alpen Route South Korea 72 2 Riiid ($250M), Mathpresso ($105M)
4 The Carlyle Group United States 565 1 Huohua Siwei ($440M)
5 KKR United States 434 1 Huohua Siwei ($440M)
6 General Atlantic United States 335 1 Duolingo ($183M)
7 Permira United Kingdom 58 1 Snapwiz ($717K)
8 Yunfeng Capital China 152 1 Knowbox ($306M)
9 University Growth Fund United States 50 1 Wonder Workshop ($80.8M)
10 China Merchants Capital China 120 1 Shanghai Jiankun Education Technology ($1.5M)
Most Active Investors: Accelerators & Incubators
investments Feed*
Novel Effect ($4.3M), Verificient Technologies ($3.6M),

2 Techstars United States 3158 11
Branching Minds ($870K)
3 StartEd United States 244 10 Claned ($11.3M), ROYBI ($4.2M), Robotify ($1.1M)
4 Y Combinator United States 3816 7 BoldVoice ($2.3M), Edwin ($1.6M), Edustack ($125K)
5 T-Hub India 938 5 Financepeer ($37.9M), Fatcat, ThirdLeap
6 xEdu Finland 65 5 ROYBI ($4.2M), Write Technologies, Elias Robot
7 MassChallenge United States 2586 4 Up Learn ($4.4M), Anthem ($3.1M), GradTrain ($500K)
8 Edupreneur Village India 21 4 Scholr ($383K), QuizNext, EDUWISE
9 GIST Network United States 1075 3 Edmicro, BoloTech, Botter
10 SprintUp India 366 3 GoGuardian ($200M), Duolingo ($183M), Miko ($51.4M)
Contents
Overview
Funding
Investors
Acquisitions Acquisition Trends
IPOs List of Acquisitions
Companies Most Active Acquirers
Unicorns List of Acquihires
Business Models
News
Appendix
Quick Snapshot - Acquisitions
Key Stats Y-o-Y Acquisition Trends All-time Top Acquisitions
$97.6M $65.0M - $2.5M - Company Acq. Price
24 5.4 Yrs Embibe
$180M
(2012, Bangalore, $11.7M)
# Total Avg. yrs from first
Acquisitions funding to Acq. Osmo
$120M
(2013, Palo Alto, $36.8M)
WriteLab
$65.6M $15.0M
$20.4M (2013, Berkeley, $3.1M)
Avg. Funding Avg. Acq. Price Funtoot

$10.1M
raised before Acq. (2010, Bangalore, $4.2M)
# of Acquisitions Avg. Acquisition Price
Scholr
$2.5M
(2015, Mumbai, $383K)
Top Investors by # Acq. Exits Acquisitions Distribution by Acq. Price
Hello English
Investor # Acq. Notable Acq. -
(2012, Jaipur, $6.9M)
Accel 2 Knewton, Osmo Airlearn

-
(2020, Noida)
Founders Fund 2 Knewton, Declara
Robotify
-
(2015, Dublin, $1.1M)
TriplePoint Capital 2 Knewton, Osmo
My Talking Tree
-
EDBI 2 Knewton, Declara (undefined, Bangalore)
Pedagogy
GSV Capital 2 Knewton, Declara -
(2016, Ahmedabad, $665K)
# of Acquisitions
Back to index
List of Acquisitions (1/2)

Company Acquirer(s) Acq. Date Acq. Price
Hello English BYJU'S Mar 2022 NA
(2012, India, $7M)
Airlearn Teachmint Dec 2021 NA

(2020, India)
Robotify Imagine Learning Nov 2021 NA

(2015, Ireland, $1M)
My Talking Tree Federal Soft Systems Sep 2021 NA

(undefined, India)
Pedagogy Vedantu Jul 2021 NA

(2016, India, $665K)
OThot Liaison Apr 2021 NA

Lalilo Renaissance Mar 2021 NA

Scholr BYJU'S Feb 2021 $2M

(2015, India, $382K)
QuizNext LEAD Dec 2020 NA

(2018, India)
Symbolab Course Hero Oct 2020 NA

(2011, Israel, $500K)
Back to index
List of Acquisitions (2/2)

Company Acquirer(s) Acq. Date Acq. Price
Crescendo Ultimate Guitar Feb 2020 NA
KidSense ROYBI Feb 2020 NA

Funtoot Embibe Dec 2019 $10M

(2010, India, $4M)
Metacog CompTIA Jul 2019 NA

Knewton Wiley Education Services May 2019 NA

Declara Futuryng Apr 2019 NA

Osmo BYJU'S Jan 2019 $120M

NextGenVest CommonBond Dec 2018 NA

Paper Rater Barnes & Noble Education Aug 2018 NA

Corr.BI Celtinel Jul 2018 NA

(2015, Israel)
View all 24 companies on Tracxn Platform
Most Active Acquirers
Average
# Acquirer Country # Acq. Companies Acquired
Acq. Price
1 BYJU'S India 3 $40.8M Osmo ($120M), Scholr ($2.5M), Hello English
2 Teachmint India 1 - Airlearn
3 Imagine Learning United States 1 - Robotify
Federal Soft
4 United States 1 - My Talking Tree
Systems
5 Vedantu India 1 - Pedagogy
6 Liaison United States 1 - OThot
7 Renaissance United States 1 - Lalilo
8 LEAD India 1 - QuizNext
9 Course Hero United States 1 - Symbolab
Note: Numbers in bracket indicate the Acquisition Price of the company.
Back to index
List of Acqui-hires
Company Acquirer Acq. Date Acq. Price
NextSteps Schoolnet India Feb 2022 NA
(2017, India)
Hexa Bizongo Jan 2022 NA

(2018, India)
Contents
Overview
Funding
Investors
Acquisitions
IPOs List of IPOs
Companies
Unicorns
Business Models
News
Appendix
Back to index
List of IPOs
Company Investors IPO Date IPO Mcap
Duolingo Franklin Templeton In.., +15 more Jul 2021 $3.7B
Tribal Group Herald Investment Man.., +2 more Jul 2002 -

(1999, United Kingdom)
Contents
Overview
Funding
Investors
Acquisitions
IPOs Top Companies
Companies Early Stage Editor’s Pick
Unicorns Companies by Geography
Business Models Companies by Team Background - College wise
News Companies by Team Background - Company wise
Appendix Funded Deadpooled Companies
Top Companies
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Wonder Workshop 76.7 Osmo 64.0 LUXROBO 58.1
(2012, United St.., $80.8M) (2013, United St.., $36.8M) (2014, South Korea, $4.9M)
GoGuardian 69.9 Novel Effect 63.3 Seekho 57.2

(2014, United St.., $200M) (2015, United St.., $4.3M) (2021, India, $3.0M)
Duolingo 69.9 Lingumi 61.2 Collpoll 56.5

(2011, United St.., $183M) (2015, United Ki.., $7.7M) (2013, India, $3.5M)
Miko 67.5 Symbolab 60.6 Scholr 56.4

(2015, India, $51.4M) (2011, Israel, $500K) (2015, India, $383K)
Riiid 67.1 Declara 60.1 Claned 56.3

(2014, South Korea, $250M) (2012, United St.., $38.4M) (2013, Finland, $11.3M)
Practically 66.7 BoldVoice 59.5 Hello English 56.2

(2018, India, $24.0M) (2020, United St.., $2.3M) (2012, India, $6.9M)
Embibe 65.4 iNurture 58.6 Verificient Techno.. 56.2

(2012, India, $11.7M) (2005, India, $27.6M) (2012, United St.., $3.6M)
Knewton 65.2 Mathpresso 58.3 Ready Education 55.7

(2008, United St.., $162M) (2015, South Korea, $105M) (2012, Canada)
Blue Canoe 64.5 OThot 58.3 Counting Well 55.4

(2016, United St.., $3.9M) (2014, United St.., $8.3M) (2018, India, $1.1M)
Financepeer 64.3 Geniebook 58.1 Branching Minds 55.0

(2017, India, $37.9M) (2015, Singapore, $18.0M) (2012, United St.., $870K)
View all 1,282 companies on Tracxn Platform
Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Early Stage Editor’s Pick (1/2)
BoldVoice 59.5 ROYBI 47.3 Sesh 41.8
(2020, United St.., $2.3M) (2017, United St.., $4.2M) (2018, United St.., $1.6M)
Seekho 57.2 Certiverse 46.2 memoryOS 41.3

(2021, India, $3.0M) (2019, United St.., $5.0M) (2019, United St.., $385K)
Counting Well 55.4 Xylem 45.6 Thinkster Math 40.9

(2018, India, $1.1M) (2019, India) (2017, United St..)
TeachFX 52.2 ForeignAdmits 45.5 Yaak 40.0

(2017, United St.., $1.5M) (2017, India, $516K) (2020, Germany, $8.3M)
Anthem 51.0 Korbit 44.9 EvidenceB 39.7

(2021, India, $3.1M) (2019, Canada, $2.0M) (2017, France, $2.2M)
1Question 50.8 Rocky Robots 44.5 Saarthi Pedagogy 39.6

(2020, Australia, $1.9M) (2017, United Ki.., $120K) (2018, India, $3.1M)
Boddle Learning 50.5 MagniLEARN 44.0 Wiloki 38.2

(2018, United St.., $1.4M) (2019, Israel, $2.8M) (2018, France)
WeSkill 48.4 Neekids 43.5 Rosalyn 37.5

(2020, India, $408K) (2019, Chile) (2017, United St.., $2.5M)
Edukoya 47.4 Edukemy 43.4 Luca 37.4

(2017, United Ki.., $3.5M) (2020, India, $2.0M) (2020, Spain, $3.0M)
TagHive 47.4 Knowledge AI 41.9 Eduten 36.9

(2017, South Korea, $2.5M) (2019, United St.., $4.0M) (2017, Finland)
Early Stage Editor’s Pick (2/2)
CLEVAI 36.9 Melvano 33.8 Super Chinese 30.2
(2020, Singapore, $2.8M) (2018, India, $138K) (2018, China, $1.4M)
Edwisely 36.7 Elias Robot 33.5 Edureify 29.9

(2017, India) (2017, Finland) (2018, India)
Real Learning 36.7 Nimble 33.1 Math Workout 29.9

(2018, India, $1.7M) (2017, United St.., $120K) (2020, United Ki..)
Kyros 36.6 SCHOOOL 33.1 Wordupapp 29.8

(2018, Anguilla, $2.3M) (2017, United St..) (2018, United Ki..)
Educabrains 35.5 Noodle Factory 33.0 Jobiri 29.8

(2021, Spain) (2018, Singapore, $500K) (2017, Italy)
myViewBoard 35.1 saasguru 32.6 Code Planet 29.3

(2017, Taiwan) (2021, Australia, $1.3M) (2017, China, $1.5M)
T-Lab 35.0 KidsUP 31.8 PlaBook 28.8

(2020, Singapore, $1.6M) (2017, Vietnam) (2020, United St..)
Myntor 34.5 Knowsome 31.7 Sprints 28.3

(2019, United St.., $410K) (2017, Israel) (2019, Egypt, $1.2M)
vipSing 34.3 Vocal Image 31.6 Rayyan 27.9

(2019, China, $1.4M) (2021, Estonia) (2020, United St..)
Pillar Learning 34.1 SPEAKIT 31.5 Indigital 27.5

(2018, United St..) (2019, South Korea) (2020, Australia)
View all 114 companies on Tracxn Platform
Companies by Geography
Distribution by Country - Companies founded Top Cities by Companies founded
Total Companies Bangalore 80

United States 300
London 34
India 287
Singapore 33
China 96
San Francisco 30
United Kingdom 63
New York City 25
Canada 56
Hyderabad 23
South Korea 42 Beijing 16
Singapore 33 Shenzhen 13
Israel 17 Pittsburgh 8
Shanghai 7
Companies by Team Background - College wise
Harvard University Knewton Bakpax Anthem

$162M $3.7M $3.1M
Stanford University Wonder Workshop Financepeer Osmo

$80.8M $37.9M $36.8M
IIT Delhi Wonder Workshop Osmo Edukemy

$80.8M $36.8M $2.0M
BITS Pilani Edukemy Real Learning Scholr

$2.0M $1.7M $383K
Harvard Business Knewton Bakpax ChatClass

School $162M $3.7M $3.0M
Carnegie Mellon Duolingo TRANSFR VR Embibe

University $183M $12.0M $11.7M
IIT Bombay Miko Financepeer Hello English

$51.4M $37.9M $6.9M
Thinkster Edukemy Melvano

IIT Madras
$4.8M $2.0M $138K
Companies by Team Background - Company wise
Microsoft Duolingo Financepeer Blue Canoe

$183M $37.9M $3.9M
Wonder
Google GoGuardian Osmo
$200M
Workshop $36.8M
$80.8M
Intel Knowbox LetzConnect Edmicro

$306M $1.4M -
McKinsey WeSkill EduSim nexquare

$408K $405K -
Cisco Edwin Magic Wall Buddy

$1.6M - -
Salesforce Financepeer TeachFX Hubert

$37.9M $1.5M -
Amazon Wonder Workshop DuckyDo Neekids

$80.8M - -
Boston Consulting Hello English Anno.Ai Hubert

Group $6.9M - -
Funded Deadpooled Companies
Company $ Funding Company $ Funding
Zi Tech $5.0M Guará -
(2015, China) (2018, Argentina)
Callx $920K SpellAfrica -

(2015, China) (2011, Nigeria)
Lingoland $704K Algorima -

(2014, United States) (2019, South Korea)
Beebrite $360K Synote -

(2011, Spain) (2008, United Kingdom)
MadGuy Labs $288K Mindoptix -

(2014, India) (2017, United States)
VeriCampus $60.8K AiEducate -

(2013, United States) (2016, Uganda)
Chatty Kids $35.6K Alkhwarizm Sciences -

(2013, Australia) (2014, India)
Erudite Science $20.0K BoloTech -

(2012, Canada) (2017, Pakistan)
Shenzhen City casually.. - LightSide Labs -

(2017, China) (2013, United States)
Write Technologies -
(2016, Finland)
Contents
Overview
Funding
Investors
Acquisitions
IPOs Unicorn Trends
Companies List of Unicorns
Unicorns Investors in Unicorns by Stage of Entry
Business Models Top Unicorn Investors by Stage of Entry
News Soonicorn Club - List of Soonicorns
Appendix Soonicorn Club - List of Minicorns
Unicorn Trends
AI in Edu..
5 3.9 $114M 3.2 5.5
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Global
1062 4.4 $169M 4.4 7.6
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Top Seed Stage Investors Top Early Stage Investors Top Late Stage Investors Top Countries
Legend Star TAL Education Group GSR Ventures China (4)
Fosun Ruizheng Capital TAL Education Group United States (1)
GSR Ventures CapitalG
Hike Capital General Atlantic
Legend Star GGV Capital

+ 13 more + 30 more
Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.
List of Unicorns
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
GoGuardian AI and cloud-based platform offering school
Aug 2021 3.2 - 1 1
(2014, Los Angeles, $200M) management software
Huohua Siwei Provider of AI-based online learning platform

Aug 2020 - $190M 5 12
(2016, Beijing, $440M) for students
Knowbox Provider of online education platform which

May 2019 3.9 $156M 6 7
(2014, Beijing, $306M) connects students and teachers
Squirrel Ai Learning Provider of AI-based tutoring platform for

Oct 2018 - $44M 1 0
(2014, Shanghai, $194M) students
Huikedu Group Cloud and AI-based learning management

Aug 2018 4.5 $66M 3 2
(2010, Beijing, $286M) solution for higher educational institutes
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
Back to List
GoGuardian
AI and cloud-based platform offering school management software
7.6K
Twitter Followers
NA
Mobile Downloads
2014 United States $200M - 237 NA 30

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions
Founding Team Top Competitors

Aza Steel Todd Mackey
ex-Co-Founder ex-Co-Founder & CCO
Ex-Yahoo. University of California, Los Hermosa Strand Capital, ex-ClassCalc, PowerSchool Brightwheel Kajeet Educati...
Angeles 2013 Specright, GonnaBe. San Diego St.. (1997, Folsom, $32M) (2014, San Francisco, $89M) (2003, Mclean, $56M)
Advait Shinde Tyler Shaddix

Co-Founder & CEO Co-Founder & CIO
UpKeep Maintenance Management, Forbes Technology Council, ex-UC Merced, Superset Next Education Allovue
Toucan, Forbes Technology Council, ex-G.. NetFile. University of Califo.. (2016, Bangalore, $1M) (2007, Hyderabad, $80M) (2013, Baltimore, $14M)
View all 4493 Competitors
Funding Rounds Key News

Aug 2021 $200M Series B Tiger Global Management • Mar 2022 - GoGuardian Promotes Kate Beihl to Chief Marketing Officer and
Appoints Harris Goodman to General Manager of Content Business Wire
May 2018 Undis.. Series A Sumeru Equity Partners
• Dec 2021 - GoGuardian Appoints Former Google Executive Jenny Zhao as
Chief Technology Officer Business Wire
• Aug 2021 - GoGuardian Appoints Cyrus Mistry as Chief Product Officer and
Chief Operating Officer Business Wire
• Jul 2021 - GoGuardian Adds Former Qualtrics and Microsoft Executive Julie
Larson-Green to Board of Directors Business Wire
View all Key News
Back to List
Huohua Siwei
Provider of AI-based online learning platform for students
NA
Twitter Followers
NA
Mobile Downloads
2016 China $440M - NA NA 34


Luo Jian Mark Luo
Co-Founder & CEO Founder & CEO
Ex- Avanade - Unacademy BYJU'S Vedantu
(2015, Bangalore, $880M) (2011, Bangalore, $5.0B) (2011, Bangalore, $309M)
Toppr Varsity Tutors GoStudent

(2013, Mumbai, $116M) (2007, St. Louis, $107M) (2016, Vienna, $684M)

Apr 2022 Undis.. Series E Lightsource BP, Trustbridge Part.. • Apr 2022 - AI live class Sparks Thinking is reliable (Sparks Thinking has
completed a total of over 400 million US dollars in Se..aiprail.com
Jan 2021 Undis.. Series E Trustbridge Partners, Tencent
• Jan 2021 - China math tuition platform adds $150m to Series E Asian Venture
Oct 2020 $100M Series E Tencent, The Carlyle G.. +1 more Capital Journal
Aug 2020 $150M Series E KKR, GGV Capital, Seq.. +3 more • Jan 2021 - Spark Thinking completes over 400 million US dollars in Series E
financing 36Kr
Apr 2020 $30M Series D Kuaishou, Bytedance
• Oct 2020 - Tencent leads edtech firm Huohua Siwei’s $100m series E2 round
Aug 2019 $85M Series D KKR, GGV Capital +6 more Tech in Asia
View all 9 Funding Rounds View all Key News
Back to List
Knowbox
Provider of online education platform which connects students and teachers
NA
Twitter Followers
NA
Mobile Downloads
2014 China $306M - NA NA 13


Jia Xiaoming Wang Ke
Co-Founder Co-Founder
Ex-Kelihua, Intel Education China. Ex-Baidu, Intel. Dalian University of SimbiBot Enlight Ed Classting
Technology BE 1994, Renmin Unive.. (2018, Lagos) (2019, Amsterdam) (2021, Gangnam)
Liu Ye
Co-Founder
University of International Business and
Economics ()

May 2019 $150M Series D Alibaba Group +3 more • Apr 2020 - Liu Ye, CEO of Xiaohe Technology, stepped down as legal
representative iYiou
Jul 2018 Undis.. Series C Source Code Capital +1 more
• Apr 2020 - Liu Ye, CEO of Xiaohe Technology, stepped down as legal
Feb 2018 $100M Series C Yunfeng Capital, TAL Education G.. representative iYiou
Oct 2017 $30M Series B +3 more • Jul 2019 - Online education firm Knowbox raises $150 m in D series
Oct 2016 $15M Series B Delian Capital, Legend Star financing China Daily
Jul 2015 $10M Series A TAL Education Group, Legend Star • May 2019 - Alibaba invests USD 150 million in online mathematics
homework startup Knowbox KrASIA
View all 7 Funding Rounds View all Key News
Back to List
Squirrel Ai Learning
Provider of AI-based tutoring platform for students
500
Twitter Followers
NA
Mobile Downloads
2014 China $194M - NA NA 10


Jason Wei Zhou Derek Haoyang Li
Co-Founder & CEO Co-Founder
Ex- Only International Education Group, Ex-CEO ONLY International Education. Doubtnut SOLVEE Klementewicz D...
Avon Products Shanghai Jiao Tong University (2016, Gurgaon, $50M) (undefined, Hanoi) (2020, Brea)
Wei Cui
Co-Founder
Wuhan University, National University of Solve Naseem Ask anjlee
Ireland (2020) (2016, Islamabad) (2020)

Jul 2021 Undis.. Series C NGP Capital, SIG, e • Jul 2021 - Squirrel AI gathers series C1 funding Global Corporate Venturing
Oct 2018 $150M Series C • Jul 2021 - Squirrel Ai receives hundreds of millions of investment from SIG,
CITIC Securities, NGP, etc. PEdaily
Jun 2014 $44M Seed
• May 2021 - Tencent Education and Squirrel Ai reach strategic cooperation
36Kr
• Aug 2020 - Squirrel AI Learning Wins UNESCO AI Innovation Award PR

Newswire
View all Key News
Back to List
Huikedu Group
Cloud and AI-based learning management solution for higher educational inst...
NA
Twitter Followers
NA
Mobile Downloads
2010 China $286M - NA NA 1

Funding Rounds Top Competitors

Aug 2018 $219M Series D China Oceanwide Holdings Group
Oct 2016 Undis.. Series C
Blackboard Instructure D2L
Nov 2015 $46M Series B Fosun Ruizheng Capital +1 more (1997, Washington, DC, $118M) (2008, Salt Lake City, $89M) (1999, Kitchener, $159M)
Feb 2014 $20M Series A Fosun Ruizheng Capital
Declara Schoology Acrobatiq

(2012, Palo Alto, $38M) (2009, New York City, $57M) (2013, Pittsburgh, $17M)
Key News
• Aug 2018 - Chinese Education Firm Huike Group Raises Series D Round At
Unicorn Valuation China Money Network
Investors in Unicorns by Stage of Entry
Company Seed Stage Early Stage Late Stage
GoGuardian
Sumeru Equity Partners
(2014, Los Angeles, $200M)
Huohua Siwei Sequoia Capital, Northern Light Venture Capital, Kuaishou, Bytedance, KKR, GGV Capital, Longhu
(2016, Beijing, $440M) IDG, Hike .., +3 more Group
Knowbox Bertelsmann Asia Investment Fund, TAL

Legend Star Source Code Capital, Yunfeng Capital
(2014, Beijing, $306M) Education Group, +2 more
Squirrel Ai Learning
Tiantu Capital
(2014, Shanghai, $194M)
Huikedu Group Fosun Ruizheng Capital, Kunzhong Capital,

(2010, Beijing, $286M) Gaorong Capital
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
Top Unicorn Investors by Stage of Entry
# Unicorn
Investor Seed Stage Early Stage Late Stage Others*
Portfolio
The Carlyle
1 - - Huohua Siwei -
Group
KKR 1 - - Huohua Siwei -
Sequoia Capital 1 - Huohua Siwei - -
GGV Capital 1 - - Huohua Siwei -
Tencent 1 - - Huohua Siwei -
Alibaba Group 1 - - Knowbox -
NGP Capital 1 - - Squirrel Ai Learning -
IDG Capital 1 - Huohua Siwei - -
Bertelsmann 1 - - Knowbox -
Note: “Investors” includes only Institutional Investors who have invested before the Unicorn Round. Others*: Includes investors who have invested in Non Equity rounds or Undisclosed Rounds
Soonicorn Club - List of Soonicorns
Company Tracxn Score
Wonder Workshop 76.7
(2012, United St.., $80.8M)
Miko 67.5
(2015, India, $51.4M)
Riiid 67.1
(2014, South Korea, $250M)
Mathpresso 58.3
(2015, South Korea, $105M)
atama + 50.7
(2017, Japan, $74.3M)
VIPThink 48.8
(2018, China, $195M)
Note: A Soonicorn is a company which is likely to achieve US $1 billion valuation in the short to medium term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Soonicorn Club - List of Minicorns (1/2)
Practically 66.7 Eupheus 53.9 Degree Analytics 45.7
(2018, India, $24.0M) (2017, India, $21.6M) (2016, United St.., $3.5M)
Blue Canoe 64.5 Amira Learning 52.3 Classting 45.1

(2016, United St.., $3.9M) (2018, United St.., $20.7M) (2012, South Korea, $8.1M)
Financepeer 64.3 Atom Learning 51.1 UniCareer 42.7

(2017, India, $37.9M) (2017, United Ki.., $25.0M) (2014, United St.., $50.0M)
Novel Effect 63.3 AstrumU 51.1 Sirena Technologies 41.4

(2015, United St.., $4.3M) (2017, United St.., $13.2M) (2013, India, $3.0M)
Lingumi 61.2 TRANSFR VR 50.0 Thinkster 40.7

(2015, United Ki.., $7.7M) (2017, United St.., $12.0M) (2010, India, $4.8M)
iNurture 58.6 Century 49.5 NoRILLA 39.8

(2005, India, $27.6M) (2014, United Ki.., $12.2M) (2017, United St..)
Geniebook 58.1 Packback 49.3 ByteLearn 39.7

(2015, Singapore, $18.0M) (2012, United St.., $11.1M) (2020, India, $12.0M)
LUXROBO 58.1 MatataLab 48.7 Beijing Aiqi Techn.. 39.4

(2014, South Korea, $4.9M) (2017, China, $4.3M) (2013, China, $14.6M)
Collpoll 56.5 EnglishHelper 46.7 Ponddy Education 39.3

(2013, India, $3.5M) (2009, United St.., $4.0M) (2015, United St.., $6.0M)
Claned 56.3 Verzeo 45.8 Emmersion 39.0

(2013, Finland, $11.3M) (2018, India, $5.4M) (2015, United St.., $7.9M)
Note: A Minicorn is a company which is likely to achieve US $1 billion valuation in the medium to long term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Soonicorn Club - List of Minicorns (2/2)
Company Tracxn Score Company Tracxn Score
Bakpax 39.0 Xiansheng Education 32.0
(2017, United St.., $3.7M) (2016, China, $10.0M)
EnglishEdge 38.8 Putao ABC 28.2

(2012, India, $3.6M) (2018, China, $21.0M)
Lesen Robotics 38.8 Shenzhen Boyue Dai.. 26.4

(2017, China, $14.4M) (2010, China, $15.1M)
Amplio 37.5 WhalesBot 22.4

(2019, United St.., $27.0M) (2018, China, $9.2M)
Sense Education 37.1 Beijing Jiezu Xian.. 22.0

(2013, Israel, $5.0M) (2018, China)
Shenzhen Youle Sci.. 37.0 Shenzhen Yusheng Y.. 21.6

(2018, China, $11.5M) (2017, China, $2.9M)
ChatClass 36.3
(2018, Brazil, $3.0M)
Merlyn Mind 36.3

(2004, United St.., $29.0M)
Sanmeng 35.0
(2013, China, $14.6M)
Nanjing Lanzhou Te.. 34.6

(2018, China, $45.0M)
Note: A Minicorn is a company which is likely to achieve US $1 billion valuation in the medium to long term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models Marketmap
News Top Funded Business Models
Appendix Taxonomy
Marketmap: HR Tech Sep 2020
Marketmap - AI in Education
K-12 EDTECH Factsheet
LEARNING PLATFORMS Overview
Companies 1282
Funded 395 Series A+ 60
Funding $3.5B Last 2 yrs $1.4B
HIGHER EDUCATION TECH
SCHOOL IT Most Active Investors
LEARNING PLATFORMS
VC - Seed Learn Capital (5)
VC - Early RISE (4)
VC - Late SoftBank Visio.. (3)
PRE-K EDTECH PE
COLLEGE IT
Incubators Techstars (11)
Exits
IPOs 2 Duolingo, Triba..
Acquisitions 24 Hello English, ..
CORPORATE LEARNING Top Acquirers byjus.com, teac..
TEST PREPARATION TECH
LEARNING Feed in Numbers
MANAGEMENT SYSTEMS Unicorns 5 Soonicorns 6
Minicorns 47 Editor Picks 260
Acquihired 2 Deadpooled 70
Top Companies
LEARNING PLATFORMS Wonder Workshop (2012, United St.., $80.8M)
LANGUAGE LEARNING PLATFORMS GoGuardian (2014, United St.., $200M)
Duolingo (2011, United St.., $183M)
Top Cities
Beijing 16 Cos $1.1B
Gangnam 17 Cos $363M
*Upcoming Business Model

Top Funded Business Models - last 1 year
Rank Business Model $ Funding # Rounds Top Funding Round Details
GoGuardian (2014, United States)
1 ▲14 School Management Software $209M 7
$200M - Series B
Link
Mathpresso (2015, South Korea)

2 ▲14 Virtual K-12 Math Tutoring Platform $64.1M 5
$50.0M - Series C
Link
atama + (2017, Japan)

3 ▲5 Online Courses for Schools $15.5M 6
$45.3M - Series B
Link
Practically (2018, India)

4 ▲3 AR VR Based School Teaching Solutions $5.0M 1
$5.0M - Series A
Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Back to index
$209M (▲ >10K%)
01 School Management Software $ Invested in last 1 year
Brightwheel GoGuardian Superset 7 (▲133%)

(2014, United States, $88.8M) (2014, United States, $200M) (2016, India, $1.5M) # Funding Rounds in last 1 year
Key Stats Recent Funding Rounds Taxonomy
GoGuardian (2014, United States) K-12 EdTech (Unacademy)

3882 337 $200M - Series B - Aug 2021 (# Cos: 19325 | $37.9B)
Companies Funded Companies Xiaoyuetong (2016, China) School IT (PowerSchool)

$120M - Series D - Jun 2021 (# Cos: 6448 | $4.1B)
Cialfo (2017, Singapore)
Suite (Brightwheel)
$1.6B 27 $40.0M - Series B - Jan 2022
(# Cos: 3882 | $1.6B)
Total $ Invested Soonicorn Club Cialfo (2017, Singapore)
$20.0M - Series B - Mar 2022
Famly (2013, Denmark)
$18.0M - Series A - Nov 2021
4 113 Coursedog (2017, United States)
IPOs Acquisitions
$17.0M - Series A - Sep 2021
Gredu (2016, Indonesia)
$4.0M - Series A - Jul 2021
View all 26 Funding Rounds on Tracxn Platform
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Back to index
$64.1M (▲9755%)
02 Virtual K-12 Math Tutoring Platform $ Invested in last 1 year
Symbolab Mathpresso Desmos 5 (▲400%)

(2011, Israel, $500K) (2015, South Korea, $105M) (2011, United States, $5.8M) # Funding Rounds in last 1 year
Mathpresso (2015, South Korea) K-12 EdTech (Kahoot)

74 20 $50.0M - Series C - Jun 2021 (# Cos: 19325 | $37.9B)
Companies Funded Companies ByteLearn (2020, India) B2C Learning Solutions (BYJU'S)
$9.5M - Seed - Dec 2021 (# Cos: 6820 | $23.5B)
ByteLearn (2020, India) School Curriculum (Unacademy)

$158M 4 $2.5M - Seed - Aug 2021 (# Cos: 3785 | $19.2B)
Total $ Invested Soonicorn Club CLEVAI (2020, Singapore) Math (Mathpresso)

$2.1M - Seed - Sep 2021 (# Cos: 613 | $422M)
Mathpresso (2015, South Korea) Online Tutoring (Yup)
Undisclosed - Series C - Nov 2021 (# Cos: 202 | $395M)
- 3
IPOs Acquisitions Virtual Tutor (Symbolab)
(# Cos: 74 | $158M)
Back to index
$15.5M (▲252%)
03 Online Courses for Schools $ Invested in last 1 year
LEAD Amplify EVERFI 6 (▲100%)

(2013, India, $171M) (2012, United States, $215M) (2008, United States, $252M) # Funding Rounds in last 1 year
Amplify (2012, United States) K-12 EdTech (Unacademy)

606 210 $215M - Series D - Nov 2021 (# Cos: 19325 | $37.9B)
Companies Funded Companies LEAD (2013, India) B2B2C Learning Solutions (Wonder Workshop)
$102M - Series E - Jan 2022 (# Cos: 1600 | $5.4B)
atama + (2017, Japan) School Curriculum (Nearpod)

$2.1B 26 $45.3M - Series B - Jul 2021 (# Cos: 1128 | $4.5B)
Total $ Invested Soonicorn Club LEAD (2013, India) Multi Subject (JumpStart)
$30.0M - Series D - Apr 2021 (# Cos: 1005 | $4.0B)
Atom Learning (2017, United Kingdom) Online Courses (LEAD)
$25.0M - Series A - Dec 2021 (# Cos: 606 | $2.1B)
6 49 eSpark Learning (2010, United States)
IPOs Acquisitions
$25.0M - Series C - Jan 2022
Kognity (2012, Sweden)
$20.0M - Series B - Jun 2021
View all 15 Funding Rounds on Tracxn Platform
Back to index
$5.0M (▼49.2%)
04 AR VR Based School Teaching Solutions $ Invested in last 1 year
PlayShifu Practically ThingLink 1 (▼66.7%)

(2016, India, $29.9M) (2018, India, $24.0M) (2010, United States, $5.2M) # Funding Rounds in last 1 year
Practically (2018, India) K-12 EdTech (Unacademy)

132 45 $5.0M - Series A - Dec 2021 (# Cos: 19325 | $37.9B)
Companies Funded Companies 3DBear (2016, United States) B2B2C Learning Solutions (Wonder Workshop)
$1.8M - Seed - Apr 2021 (# Cos: 1600 | $5.4B)
School Curriculum (Nearpod)

$166M 6 (# Cos: 1128 | $4.5B)
Total $ Invested Soonicorn Club Multi Subject (LEAD)

(# Cos: 1005 | $4.0B)
Activity Based Learning (JumpStart)

(# Cos: 359 | $1.1B)
- -
IPOs Acquisitions AR and VR (PlayShifu)
(# Cos: 132 | $166M)
Taxonomy (1/30)
# Cos # Funded $ Funding
Taxonomy Total Funding Notable Companies
Tracked Cos. (Last 2y)
W W W 2275 363 $10.6B $4.6B (▼ 55%) Workday, Kronos
W W W 979 165 $2.4B $575M (▼ 59%) Paychex, Gusto
W W W 354 22 $2.5B $15.5M SynergySuite, Jibble
W W W 87 28 $4.7B $215M (▲ 442%) Rippling, Envoy
W W W 51 11 $800M $1.4M PeopleDoc, Merit
W W W 43 18 $1.4B $20.1M (▼ 69%) Topia, Tripeur
W W W 32 15 $3.5B $116M (▲ 410%) Behavox, Syndio
W W W 12 4 $5.9B $20M (▲ 1792%) Hivebrite, Talivest
W W W 14 4 $3.5B $116M (▲ 410%) OrgAnalytix, OfficeWork Software
W W W 14 4 $5.9B $20M (▲ 1792%) OrgAnalytix, OfficeWork Software
View full Taxonomy on Tracxn Platform
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News Recent Key News
Appendix
Recent Key News (1/3)
Transactions Company Updates
● Edtech startup iNurture raises Rs 75 Cr in debt Entrackr ● Integrity Advocate joins an alliance led by ETH Zurich to address the
needs of high stake proctoring ev.. PRWeb
● Financepeer raises $31 million in Series B funding from QED Moneycontrol
● Hyderabad -Top 10 Most Innovative Startups in 2022 Inventiva
● Copyleaks raises $6 million to uncover plagiarism CTech
● Shinhan Bank Issues Corporate Won Accounts for Virtual Asset
● School fee focused fintech platform Financepeer raises $38 Mn Entrackr
Transactions Businesskorea
● Sydney startup Canopy Study raises $1.1 million for AI-driven education
● Sesh Launches AI-Powered Super Parent Helper App at ASU GSV Summit
platform SmartCompany GlobeNewswire
● H2K attracts KRW 1 billion pre-series A investment mk.co.kr ● Duolingo reports 577% increase in Ukrainian language learners FOX
Business
● Egyptian ed-tech startup Sprints raises $1.2m seed to sale across MEA
Disrupt Africa ● In the first public demonstration of its pioneering AI-as-a-Service
● Jenzabar Acquires Spark451 to Fuel the Evolving Higher Education solution, Riiid to show partn.. PR Newswire
Market Business Wire ● Ivy.ai launches new self-building chatbot technology GlobeNewswire
● AI live class Sparks Thinking is reliable (Sparks Thinking has completed a ● Luca & Friends is the World First AI-Powered Educational App to
total of over 400 mill.. aiprail.com Combine Fitness, Learning, and .. Business Wire
● Seekho.ai raises $3 million in Pre-series A funding People Matters ● Hengxin Oriental: The company continues to pay attention to script
killing and the secret room industry 36Kr
● ViewSonic's myViewBoard EdTech Ecosystem Surpasses 5 Million Users
PR Newswire
Legal Partnerships
● Duolingo removed from Chinese app stores amid crackdown TechStory ● BetterLesson Partners with TeachFX to Drive Student-Centered
Instructional Practices Through Actionable.. PRWeb
● Monteverde & Associates PC Announces an Investigation of TPG Pace
Tech Opportunities Corp PR Newswire ● Quantum Storey Collaborates with Hasbro to Form XR Publishing
licenseglobal.com
● WeissLaw LLP Reminds RST, GANS, and VAR Shareholders About Its
Ongoing Investigations PR Newswire ● Flywire and Tribal Group Partner to Deliver Integrated Payments Solution
for Education Market GlobeNewswire
● Lifshitz Law Firm, P.C. Announces Investigation of Akcea Therapeutics,
Inc. (NASDAQ: AKCA), BMC S.. PR Newswire ● Israeli Tech Companies Launch Online Crisis Support Platform to Support
Ukrainian Families GlobeNewswire
● Rigrodsky & Long, P.A. Reminds Investors of Investigations of IMMU,
VRTU, RST, and CBMG Buyouts GlobeNewswire ● Swift Navigation and Taoglas Announce Partnership to Bring Integrated
Precision GNSS Solutions .. GlobeNewswire
● WeissLaw LLP Reminds MXIM, RST, and MR Shareholders About Its
Ongoing Investigations PR Newswire ● Walnut and Tripment Health Announce Strategic Partnership Business Wire
● Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the ● InScribe and James Madison University Partner to Create New
Boards of Directors .. GlobeNewswire State-of-the-Art Student Digital Communities PRWeb
● Halper Sadeh LLP Is Investigating the Following Mergers; Shareholders ● Eupheus Learning Partners with SchoolMitra to Enable Schools with 21st
are Encouraged to Contact.. Business Wire Century School OS EdTechReview
● WeissLaw LLP Reminds RST and BMCH Shareholders About Its Ongoing ● Yousician and Duolingo partner with Juanes to showcase the universal
Investigations PR Newswire language of music PR Newswire
● Lifshitz Law Firm, P.C. Announces Investigation of Aimmune ● Path Announces Ivy.ai Partnership to Offer Integrated Chatbot Newswire
Therapeutics, Inc., Akcea Therapeutics.. PR Newswire
People Movement Other
● Remine names experienced real estate technology leader Frederick ● Duolingo Announces Record Results for Fourth Quarter and Full Year
Townes as chief executive officer CNW 2021 GlobeNewswire
● Jenzabar Appoints Jaime Moquin as Vice President of Engagement and ● Nerdy Announces Record Fourth Quarter and Full Year 2021 Financial
Customer Success Business Wire Results Business Wire
● Todd Miltenberger Joins TMA Systems as Vice President of Finance & ● Amira Learning Named The First Texas Education Agency Approved Tutor
Corporate Development Business Wire Powered By A.I. WebWire
● Osmo from BYJU’S Names Former WarnerMedia Executive Shawn Smith ● Mondly Wins Chairman's Award at 2021 WITSA Global ICT Excellence
as Its First Global Head of Com.. Business Wire Awards GlobeNewswire
● GoGuardian Promotes Kate Beihl to Chief Marketing Officer and ● Alef Education Receives Award for ‘Best CSR Programme for Education’
Appoints Harris Goodman to Genera.. Business Wire at GESS Education Awards 2021 AlBawaba
● Novel Effect adds Bahar Wadia as first Chief Operating Officer PRWeb ● Nerdy Announces Third Quarter 2021 Financial Results Business Wire
● Osmo from BYJU’S Appoints Jonathan Naseath Chief Operating Officer to ● TIME Selects Amira Learning's A.I. Reading Tutor App 'Amira & the
Lead Next Phase of Growth Business Wire StoryCraft' as One of the Best .. PR Newswire
● Nerdy Appoints Molly Sorg as Vice President and Head of Investor ● ROYBI Robot Wins 2021 Innovation & Top 50 Startup Awards at
Relations Business Wire WorldFestival Conference PRWeb
● Edtech firm Nerdy turns to former U.S. Department of Education official ● Nerdy Announces Strong Second Quarter 2021 Financial Results Business
to guide its K-.. The Business Journals Wire
● Nerdy Names Former U.S. Deputy Secretary of Education Bill Hansen as ● Jenzabar Wins 2021 EdTech Breakthrough Awards for Best Use of
Senior Adviser, Institutio.. Business Wire Artificial Intelligence in Educat.. Business Wire
Contents
Overview
Funding
Investors
IPOs
Acquisitions
Companies
Unicorns
Business Models
News
Appendix
Vendor Discovery
# Vendor Name Country # Customers Customers
1 Acadecraft India 1 Scholr ($383K)
2 Adriel United Kingdom 1 Mathpresso ($105M)
3 Alleyoop United States 1 OThot ($8.3M)
4 AppInChina China 1 Duolingo ($183M)
5 Atbrox Norway 1 Declara ($38.4M)
6 Bevy United States 1 Duolingo ($183M)
7 CHRP-INDIA India 1 iNurture ($27.6M)
8 Cloudam China 1 Duolingo ($183M)
9 Did Teach United Kingdom 1 Century ($12.2M)
10 Flowcite United States 1 Scholarcy
Note: Numbers in bracket indicate the total funding of the company.
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TRACXN FEED REPORT

APRIL 22, 2022

Wonder Workshop Riiid

Scope of Feed Top Geographies by Companies

Top Funding Rounds in last 2y Top Investors Top Exits

School Management Software $209M

Online Courses for Schools $15.5M

*Upcoming Business Model

Funded 395 100% 31% -

Series A+ 60 15% 15% 2.8

Series B+ 24 6% 40% 3.2

Series C+ 14 4% 58% 4.4

Series D+ 7 2% 50% 4.5

# Rounds Top Funded Company Beijing $1.1B

China 98 Huohua Siwei (440M)

United States 152 GoGuardian (200M) New York City $267M

South Korea 19 Riiid (250M) Guangzhou $211M

Los Angeles $202M

Israel 12 Copyleaks (7.1M)

$201M $646M $491M $635M $744M $63.2M 50 75 70 58 74 17

Late Stage $50.0M

2017 2018 2019 2020 2021 2022 YTD

University of Riiid WriteLab Edukemy

Carnegie Mellon Duolingo TRANSFR VR Embibe

University of GoGuardian Edukemy Edustack

Duke University Duolingo Edukemy NeuroPlus

Harvard University Knewton Bakpax Anthem

Harvard Business Knewton Bakpax ChatClass

Stanford University Wonder Workshop Financepeer Osmo

Wonder Workshop Osmo Edukemy

Intel Knowbox LetzConnect Edmicro

Microsoft Duolingo Financepeer Blue Canoe

Amazon Wonder Workshop DuckyDo Neekids

Apple Wonder Workshop French Meter

Facebook Wonder Workshop Say It Media

Salesforce Financepeer TeachFX Hubert

Boston Consulting Hello English Anno.Ai Hubert

Orange Neurosci.. (2016, Canada) - Seed Sep 2021 India Accelerator

Seed Stage LetsVenture 5 ( -- )

Early Stage Sequoia China 2 ( -- )

Late Stage GGV Capital 2 (▲100%)

First-time Investors Existing Investors

Wonder Workshop ($80.8M), Merlyn Mind ($29.0M), WriteLab

3 Reach Capital United States 82 4 WriteLab ($3.1M), TeachFX ($1.5M), Mathpix

Verificient Technologies ($3.6M), WriteLab ($3.1M), OKpanda

9 JointJourney Cyprus 80 3 Buddy, Tabi

2 RISE China 563 4 ACKTEC Technologies ($1.0M), MTEG, Almond.ai

Huohua Siwei ($440M), Mathpresso ($105M), Zhixiaole

VIPThink ($195M), Wonder Workshop ($80.8M), WriteLab

8 Kunzhong Capital China 50 3 Huikedu Group ($286M), UniCareer ($50.0M), GKid

10 Accel United States 950 2 Knewton ($162M), Osmo ($36.8M)

3 EDBI Singapore 205 2 Knewton ($162M), Declara ($38.4M)

4 TCV United States 284 1 Nerdy

5 Bond Capital United States 84 1 Duolingo ($183M)

6 CapitalG United States 68 1 Duolingo ($183M)

7 NewView Capital United States 43 1 Duolingo ($183M)

8 Sofina Belgium 85 1 Knewton ($162M)

9 Durable Capital Partners United States 40 1 Duolingo ($183M)

10 SVV United States 16 1 MatataLab ($4.3M)

2 Partners Investment South Korea 76 2 Riiid ($250M), Classting ($8.1M)

3 Alpen Route South Korea 72 2 Riiid ($250M), Mathpresso ($105M)

4 The Carlyle Group United States 565 1 Huohua Siwei ($440M)

5 KKR United States 434 1 Huohua Siwei ($440M)

6 General Atlantic United States 335 1 Duolingo ($183M)