- Venture-capital funding for edtech startups tripled from 2019 to reach $16.8 billion in 2021.
- Funding increased during the pandemic as institutions transitioned to remote learning.
- Insider compiled a list of VCs that have done deals with the hottest edtech startups.
Funding for education-tech startups boomed during the pandemic as schools and universities raced to adopt remote learning and tools to help them adjust to the new normal.
Venture-capital funding to edtech startups has more than tripled since 2019 and saw a marked jump during the pandemic. In 2019, total funding in the space was $5.4 billion. That increased nearly threefold in 2020 to $14.1 billion, and then reached a record total in 2021 with $16.8 billion, according to PitchBook data.
But signs of that investing enthusiasm appear to be slowing down, as PitchBook estimates total edtech funding stands at $5.4 billion as of June 9.
Behind the companies that are changing the way students learn are the savvy venture capitalists that fund these startups and help them scale to new heights.
Many VCs that focus on edtech were once teachers themselves, and they all expressed a passion for helping teachers and students.
“I had a math teacher as a mom and dropped out of Wharton to start an edtech company, so the space is close to my heart,” said Vinny Pujji, an investor with Left Lane Capital.
Insider compiled a list of 13 venture capitalists that specialize in investing in edtech startups based on recommendations from other venture capitalists, and a review of investments in the sector.
Here are the top edtech investors to put on your radar: