📣 Our Annual European Edtech Funding Report is out today!
🎉 Big day at Brighteye Ventures as our annual European Edtech Funding Report is launched!
The report takes a deep dive into venture funding in the last 12 months across global and European Edtech, including both historical and global data sets, primarily sourced from Dealroom's Edtech platform, developed in partnership with Brighteye. It offers predictions for Edtech in 2022, and for the first time considers trends in founder gender composition.
Findings on the European landscape:
Total European Edtech VC funding triples to $2.5B
Average deal size leapt up in 2021 to $8.4M, representing >2.5X growth from 2020
6 markets raised >$100M and 4 raised >$200M, compared to 1 market raising >$100M in 2020
European deals now represent 31% of global deals, relative to 21% in 2019
Findings on the global landscape:
More than 1/3 (23) of Edtech unicorns ever were minted in 2021
There were more Edtech IPOs globally in 2021 than in the previous 5 years combined
80% of funding was secured by male founding teams, compared to 3% for female and 17% for mixed
Mixed founding teams raise the largest rounds, with 41% of funding to mixed teams being in rounds >$250M
Alex Spiro Latsis, Partner at Brighteye Ventures, said:
These results highlight the increasing maturity and robustness of the European ecosystem, and we are excited about this new era for Edtech. At Brighteye, we are determined to help Europe lead the way as we see a prosperous trajectory for entrepreneurs and founding teams operating in this space.
The boom in Edtech investment was seen from across the spectra of investors, from governments to VCs to institutional investors, including generalists, and this helps develop conviction that the sector is capable of producing the same kind of outsized returns generated in fintech, health tech and other sectors better recognised for their growth.