Edtech

Online learning boomed during the pandemic. Is there any turning back now?

Last updated: 31 Mar 2022

Market 101

The edtech mission is clear: future-proof a looming €5bn skills shortage and revamp one of our most vital public services. The opportunity — suddenly buoyant — has been slow coming. In the early days, edtechs mostly concerned themselves with the less-than-transformative work of selling to customers with long sales cycles. They were hampered initially by wildly different national requirements and limited interest in digitalisation. Investors weren’t exactly tempted, either. Then Covid-19 hit and changed the equation entirely.

Schools and universities embraced edtech out of necessity — but as choice in the market grows, they’ve maintained their interest, even becoming picky. At the same time, the rise of hybrid learning has created opportunities for startups far beyond the confines of the classroom. Maybe, just maybe, this will allow edtech to return to its lofty ambition of not just incrementally improving but wholly reimagining learning.

Early stage market map

Early stage market map

Key facts

159%

YoY increase in European edtech VC investment in 20211

3%

proportion of global education expenditure on digital education2

85%

estimated percentage of current primary school students that will work in jobs that do not exist today by 20303

Startups tracked by Sifted

Sifted take

After the pandemic windfall comes the real test. The first generation of edtech was primarily about bringing offline processes online, from tutoring lessons to lectures. The key to edtech’s lasting impact is to look beyond simply digitising existing resources and instead bring to life new fundamental ideas about what learning should look like, and how to tailor it to specific needs and groups.

Rising stars

StudyStream

Live video platform & tutoring

Total funding

€1.9m

London, United Kingdom
2020

Backed by the likes of Y Combinator, Dunce Capital and Brighteye Ventures, Studystream developed a real-time streaming platform for student collaboration. Its growing user base counts 3.6m students from 180+ countries.

Round

Pre-seed


Date

2021

Size

€1.9m

PowerZ

Gamified learning

Total funding

€10m

Paris, France
2020

Developed a gamified learning platform for children and young students focusing on a wide range of areas, from maths and science to sign language and photography. It is backed by Bpifrance, Raise Ventures and Educapital, amongst several angels.

Round

Seed

Valuation

€30m


Date

2021

Size

€7m

Lingumi

Live video platform & tutoring

Total funding

€6.4m

London, United Kingdom
2018

An Entrepreneur First startup, it offers an AI-powered language learning and critical thinking platform for children. It is backed by LocalGlobe, North Summit Capital and ADV, and is deploying funds to expand in Europe.

Round

Seed

Valuation

€21.5m


Date

2020

Size

€3.5m

Early stage startups to watch

99math

Estonia
2018
Seed

1.4m

910k

-

Algor Lab Srl

Turin, Italia
2021
Pre-seed

250k

180k

1.1m

Aline

Stockholm, Sweden
2020
Pre-seed

200k

100k

-

ALPA Kids

Tallinn, Estonia
2018
Pre-seed

270k

220k

-

bina

Berlin, Germany
2021
Pre-seed

1.3m

1.3m

-

buya

Hamburg, Germany
2020
Seed

1.8m

1.8m

-

Chatterbox

London, United Kingdom
2016
Pre-seed

3m

1.8m

-

dgree

Essen, Germany
2019
Grant

100k

100k

-

Doctrio

Paris, France
2021
Seed

3m

3m

15m

edyoucated

Münster, Germany
2019
Seed

2.5m

2.1m

-

Emile Education

Bolton, United Kingdom
2017
Seed

750k

450k

1.5m

Framework

London, United Kingdom
2021
Seed

1.8m

1.5m

7.5m

GoodCourse

London, United Kingdom
2021
Pre-seed

700k

700k

3.5m

Guide Education

Lincolnshire, United Kingdom
2016
Seed

8.5m

7.5m

37.5m

Hello Mentor

Amsterdam, Netherlands
2020
Pre-seed

125k

125k

-

Heylama

BERLIN, Germany
2021
Angel

100k

100k

1m

ImagiLabs

Stockholm, Sweden
2020
Pre-seed

750k

350k

3.8m

Justlearn

Haderslev, Denmark
2017
Pre-seed

108k

108k

1.1m

Kaizen Languages

London, United Kingdom
2018
Pre-seed

1.7m

1.2m

5m

Kide Science

Helsinki, Finland
2017
Seed

2.9m

1.5m

7m

KIMO

Amsterdam, Netherlands
2018
Seed

4.3m

3m

23m

Lingumi

London, United Kingdom
2018
Seed

6.4m

3.5m

21.5m

Magikbee

Braga, Portugal
2015
Pre-seed

350k

200k

3m

Memby

Vilnius, Lithuania
2020
Seed

910k

910k

-

Moomin Language Academy

Helsinki, Finland
2015
Seed

1.4m

700k

3.5m

Mr. Chadd

Groningen, Netherlands
2015
Seed

2m

920k

4.6m

One Third Stories

London, United Kingdom
2015
Seed

700k

370k

3.1m

Pam Learning

Barcelona, Spain
2021
Angel

425k

242k

1.7m

PowerZ

Paris, France
2020
Seed

10m

7m

30m

Sainaptic Limited

London, United Kingdom
2022
Pre-seed

598k

598k

-

Save All

London, United Kingdom
2021
Pre-seed

600k

600k

3m

simpleclub

Grünwald, Germany
2015
Angel

3.3m

1.3m

-

Skiller Whale

London, United Kingdom
2018
Seed

3.3m

2.5m

13.3m

Sophia Technologies Ltd

London, United Kingdom
2018
Seed

672k

672k

370k

StudyStream

London, United Kingdom
2020
Pre-seed

1.9m

1.9m

-

Synap

Leeds, United Kingdom
2015
Seed

510k

600k

3m

Tomorrow’s Education

Berlin, Germany
2020
Seed

4.5m

3.4m

-

Vignita

Oppaker, Norway
2017
Pre-seed

115.5m

660k

-

Winc Academy

Amsterdam, Netherlands
2018
Seed

3m

2.7m

-

Wyblo

Cuneo, Italy
2021
Angel

270k

270k

2.8m

Zero Gravity

London, United Kingdom
2020
Seed

4.7m

4.1m

-

Europe’s success stories

Who early stage startups are up against

(Pre-)Seed

SeriesA

SeriesB

SeriesC

SeriesD+

IPO/Exit

→ Connects apprentices with one of its 300 clients, primarily in the tech sector

(Pre-)Seed

SeriesA

SeriesB

SeriesC

SeriesD+

IPO/Exit

→ One-to-one online tutoring platform that expanded to 16 countries in 2021

(Pre-)Seed

SeriesA

SeriesB

SeriesC

SeriesD+

IPO/Exit

→ Both a direct-to-student and B2B platform with a focus on gamification that allows users to build their own educational games and reuse those available on the site

Sources

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