EdTech is everywhere as we know but most of the investment in this field is not in the classroom, also something that most of us may know. But just for the record, here are some of the recent numbers. In 2017, EdTech investment reached a record high of over 9.52 billion. The majority of that investment, however, will never see a classroom.
“In 2017, global investments made to learning technology companies reached over $9.52 billion, up 30% from 2016, which set the previous record for EdTech funding at $7.33 billion; 913 EdTech companies were funded in 2017, the highest since the record of 728 set in 2015. Yet although this was a record year, only a small amount went towards Pre-K-20 Education. Pre-K-12 companies received 13% of the overall global investment, or 13% of the overall global investment, or $1.2 billion, and higher education companies got 8%, or $682 million (EdTechTimes, March 2018).”
Major EdTech investment in the U.S. and China is somewhat expected. Another major shift is a huge increase in Africa, particularly for startups in South Africa, Kenya, and Nigeria. This may be due to a growing market in the continent for EdTech that goes beyond the typical classroom, an environment that is inaccessible to many children in those regions.