5 Largest EdTech Companies in the World

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2. Yuanfudao

Revenue: $1.53 billion in 2020 via edtechreview

Valuation: $15.5 billion

Yuanfudao is a Beijing-based EdTech company that has developed an online educational platform specifically designed to provide online tutoring services for students in China. It was founded in 2012 and caters to elementary school, junior high school, and high school students covering all subjects. It is equipped with targeteted learning techniques by leveraging big data analysis. According to Yuanfudao’s press release, the latest financing round has doubled the startup’s valuation to $15.5 billion. This has made the company the most valuable private edtech startup across the world. As of 2020, Yuanfudao had more than 400 million users. Yuanfudao provides several online learning products to the Chinese K12 segment such as a live tutoring platform, online question bank, question searching app, mathematics problem checking app, and an English tutoring app among others. According to the research firm iResearch, the online education market in China could be worth $81 billion by 2022.

1. Kahoot! AS (Oslo: KAHOT.OL)

Revenue: $30.8 million in 2020 via Yahoo Finance

Valuation: $39.27 billion

Kahoot is a Norwegian game-based learning platform. It uses learning games called “kahoots” which are user-generated multiple-choice quizzes which can be accessed through its website or app. Kahoot is being used to review the knowledge of students, for formative assessments, or as a break from traditional classroom activities. Although the company is based in Norway, it has a significant footprint in North America as well. According to Kahoot, the platform currently has 16.8 million active users and more than 202,000 total paying subscribers. Listed on the Oslo Stock Exchange, Kahoot is also being used by businesses as a tool for internal training. The CEO of Kahoot, Eilert Hanoa, has said that his team is adding a new feature that will enable closer integration with Microsoft Teams. The company is also rolling out new flashcard tools for students to study by themselves.

You can also take a peek at Top 20 Valuable and Innovative AI Companies in the World and Short Seller Jim Chanos’ Top 10 Stock Picks.

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