Education

US Edtech Funding Already Nears $1 Billion in First Half of 2019

US Edtech Funding Already Nears $1 Billion in First Half of 2019

The United States technology industry for education currently appears on the way to surpass the overall amount for investor funding that has been tallied for the recent years. During the initial half of the year 2019, this particular industry experienced a total of $962 Million cumulated across 65+ deals. This is the highest ever amount of education funding that is halfway the existing mark since the year 2015.

By comparison, during the initial 6 months of the year 2018, the companies managed to raise around $750 Million with regards to 62 deals. The EdSurge counts complete venture investments made in the United States educational technology with the primary purpose of supporting the educators as well as learners across the preK-12 & the postsecondary education.

The analysis excludes the companies with primary business for offering loans & serves the students. This analysis also excludes the publicly traded funding and companies that start-ups tend to receive merely for participating in the accelerators.

The online learning e-platform Mountain View, California raised around $103 Million during the round for Series E while Andela, the NY-based company which trains the programmers in the developing countries managed to raise around $100 million.

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About the author

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Aaron Davidson

Aaron founded DigiHerald with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. He is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the education industry, Aaron also contributes his knowledge for the Education section of the website.

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