edtech valuation multiples 2021

Ed-Tech Industry #2 - What's it Worth? The Great Resignation saw 4.5 million Americans quit their jobs in the last two years, and employers are increasingly looking at skills training and skills based hiring to help fill these open positions. We provide enterprise value multiples based on trailing Revenue, EBITDA, EBIT, Total Assets, and Tangible Assets data, as reported. Ed-tech . JoyTunes (now Simply) joined the list in June 2021, raising a $50M Series D. Zhangmen left the list in June 2021 via IPO, raising nearly $42 million with a $2B market cap. Available: https://www.statista.com/statistics/1226925/india-valuation-of-edtech-companies/, Valuation of edtech companies in India in 2020, Available to download in PNG, PDF, XLS format, eLearning market size in Russia 2021-2022, eLearning market growth in Russia adjusted to the war in Ukraine 2022, Revenue of the 100 leading EdTech platforms in Russia quarterly 2021-2022, Online education revenue in Russia 2017-2027, by segment, Online education users in Russia 2017-2027, by segment, Online education market share in Russia 2021, by segment, EdTech revenue growth in Russia 2022, by segment, Online education average spending in Russia 2022, by course type, B2C adult online education market size in Russia 2021, by subject, Professional eLearning student count in Russia 2016-2020, Online supplementary children education market volume in Russia 2016-2020, Fastest growing EdTech platforms in Russia 2022, Most visited educational websites in Russia 2021-2022, Education apps with the highest in-app revenue in Russia 2022, Adult eLearning investment in Russia 2021-2022, EdTech venture capital investment in Russia 2017-2021, EdTech venture investment share in Russia 2021, by segment, EdTech venture capital investment value in Russia 2021, by stage, Largest EdTech venture deals in Russia 2021, by value, Professional education & learning service purchases in Russia 2022, Age distribution of online education users in Russia 2022, Most popular online course subjects in Russia 2022, Share of online course students completing programs in Russia 2022, Online course participation purposes in Russia 2022, Online education satisfaction in Russia 2022, Most trusted online education types by Russian employers 2019, Opinion poll on the influence of online diplomas on hiring in Russia 2019, Distribution of online education institutions in Russia 2020, by target audience, Distribution of online education institutions in Russia 2020, by segment, Distribution of online education projects in Russia 2020, by number of products, Public opinion on reliability of online education in Russia in 2018, Most promising EdTech segments in Moscow 2019, Number of EdTech investment deals in the United Kingdom 2011-2018, Distribution of EdTech startups in Australia 2017 by expected revenue growth, Mexico: spending on online education 2019, Future focus areas of startups in the EdTech industry in Australia 2017 by activity, Valuation of edtech companies in India in 2020 (in million US dollars), Find your information in our database containing over 20,000 reports. Vienna's GoStudent raises $244M at a $1.7B valuation for its online tutor marketplace Ingrid Lunden, Mike Butcher / 11:00 PM PDT June 21, 2021 Comment Image Credits: GoStudent TechCrunch. Note: The universe of public EdTech stocks has been somewhat limited historically, especially with recent take-privates like Pluralsight, but we expect to see continued IPO activity. Relative Stock Price Performance Valuation Multiple Analysis Price / Earnings Ratio Growth and Margin Analysis Source: Capital IQ as of market close on December 30th, 2022 This shows that while some companies only benefitted temporarily from the effects of COVID-19, there were some winners. : That number may be closer to 400 this year. By submitting this form I give permission for Finerva to contact me. My 40 year old M&A firm has traditionally represented manufacturing companies. Declining enrollments across both public K-12 schools and higher education, compounded by dire staffing shortages, will continue to strain a system that for long has been a bedrock of society. A growing remote and distributed workforce has shown that jobs can still get done outside the office. Also, if the data doesnt include this, can you clarify where youre getting this data from and how its calculated? Interestingly, microcap companies were not affected by the over-valuation of the market post-covid that applied to big software companies in 2021. As we reluctantly enter the third year of the pandemic, EdTech is powering students and parents, schools and teachers, professors and institutions, governments and employers around the world with critical tools, content, processes and learning outcomes to mitigate learning loss through the pandemic and accelerating up-skilling into a new labor economy. Following record EdTech venture funding | by Jack Lothrop | GSV Ventures | Medium Write Sign up Sign In 500 Apologies, but something went wrong on our end.. Something went wrong while submitting the form. The green line (lower) is the Nasdaq US Small Cap Software companies index. Hey, I tried subscribing for the data set but doesnt seem to work. I hope you find these resources helpful. The link isnt working for me. Filling the gap, high-quality bootcamps and online credential programs which lead to salaried jobs continue to grow at about 40 percent annually. The large software companies (i.e. Required fields are marked *. In 2021, the group still in decline will likely include old economy businesses and those in travel, hospitality and events. Thanks Max! But interestingly again, microcap tech companies werent affected by the pull-back. It would be great to understand where this data is coming from. Valuation pressures are across tech sectors. While drastically lower than pandemic levels, this is still a rather healthy figure for EBITDA multiples, indicating that investors chose to reward companies that managed to maintain high profit margin throughout and after the pandemic over those where profit couldnt keep up with revenues. The CCI has also dropped back below 100 after making steady gains since the height of COVID in April 2020, indicating a more pessimistic attitude among consumers regarding the future developments in the economy. The creator economy, especially as it connects to STEM, design, video and data science. To be fair, everybody got a boost. Udacity has now raised $169M, most recently at a $1B valuation, on an estimated $24M in revenue. But it has helped keep instruction and other critical supports going. In, IVCA. Figure 1 Understanding EdTech Valuations. 3:08 PM PST February 21, 2023. If not, then there now should be a field for your email address. Hi would love a copy of the data set! Are you able to pass it along? Indian edtech startups have raised about $4 billion since 2020, of which $2.2 billion was raised in 2020 and $1.9 billion was raised between January-August 3, 2021. I would like to sell my 20 year old SaaS business, run without external investment. Rebecca Bellan. Chinese companies teaching academic curriculum must go non-profit, cannot pursue IPOs, or take foreign capital. Enjoy breakfast, WiFi, and a TV. (If it you dont receive it, it mightve ended up in spam.). Another reason for the spike is that during quarantine, retail investors have been investing like crazy. ", IVCA, Valuation of edtech companies in India in 2020 (in million US dollars) Statista, https://www.statista.com/statistics/1226925/india-valuation-of-edtech-companies/ (last visited March 01, 2023), Valuation of edtech companies in India in 2020 (in million US dollars) [Graph], IVCA, December 16, 2020. However, as schools reopened in most countries and the momentum around the sector came to an end, the median revenue multiple for Q2 2021 fell back down to 3.1x, with a slight increase in the second half of 2021. 2021 would also see Europe EdTech rise from a prolonged period of strong, stable and steady growth, but still grossly underweight venture investment, in a regional context once dominated by centuries old publishers and institutions. A unicorn startup or unicorn company is a private company with a valuation over $1 billion USD priced via a venture funding round. Education technology (EdTech) includes hardware and software technology used to educate students on a virtual level to improve learning in classrooms and enhance . July 2021 $273,000,000 Initial Public Offering Professional and financial services software July 2021 $250,000,000 Initial Public Offering Education technology software . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. A few years ago we represented a buyer that acquired a 3.5m sales Saas company. Thats really interesting do you care to share more about it? The question for edtech is whether there is potential for a $100 billion company in the sector will TAMs support it. Please create an employee account to be able to mark statistics as favorites. On rare occasions, it takes a few hours or a day for the email to go through after putting your email in the field. Finally, the distribution chart for EBITDA multiples below shows a slightly less skewed landscape than the revenue one, indicating that (despite a relatively high variance), valuation multiples relative to profit are more homogeneous than those relative to revenue, reiterating the old adage not all revenue is created equal. - Clearhouse Valuations Once this happens, Ill update the valuation multiples for software companies again. Could you kindly share the dataset, please? Empowering educators and families. Not everything is necessarily dire, though. As per FMI, rapid technological advances [] More employers who are hungry for talent are likely to follow, giving additional credibility to skills-based training, alternative pathways programs, apprenticeships, and digital credentials. Private equity ownership is an interesting dynamic to be aware of here, especially as Vista recently scooped up PluralSight for $3.5 billion. By Editorial Team Updated on February 27, 2023. Are you seeing a lot of activity in manufacturing these days? Tech companies continued to see suppression in the beginning of 2023, but we are seeing a bit of an inflection point now in 2023. A16z General Partner Angela Strange quipped that every company will be a fintech company. One could also argue that every company will be an edtech company. We recommend individuals and companies seek professional advice on their circumstances and matters. Edtech market reported significant growth since the advent of the COVID-19 pandemic In 2021, a total of 332 merger and acquisition deals were reported in the Edtech sector Recently, Scaler acquired online learning startup AppliedRoots for $50 million Increase in M&A Deals in Edtech Industry Share Published: April 2022 Source: GlobalData Search prices for AutoEurope, CAEL, Europcar, Free2Move, Goldcar Rental SP and Guerin. Whats attracting them? Are you interested in testing our business solutions? How employers adapt and innovate in this regard will be key to their ability to recruit and retain talent. Each of these industries has achieved more than 40% CAGR in Venture Capital investment since 2014, Climate growing at 50%. EdTech has seen 38 Unicorns so far, with 17 joining in 2021 alone, 5 IPOs in the last 12 months and one acquisition in 2015. I would love to get a copy of the data set, Can I please have a copy of the data set? I do worry about overexuberance creating disappointing returns that sour interest in the sector. Early signs suggest an uptick in M&A valuation multiples for 2013. Private Ed Tech Company M&A Valuation Multiples Climb in 2012 and Stand at 2-3x Publicly Traded Education Companies. Changingedu, Golden Education, Hetao101, Huohua Siwei, Huike, HuJiang, Knowbox, VIPKid, Yuanfudao, Yunxuetang and Zuoyebang all removed from the list in Jan 2023, assessed as 'lapsed'. Here are some observations: The increase in the valuation multiples from March 2019 to September 2020 makes sense when you compare it to the industry performance.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'microcap_co-mobile-leaderboard-1','ezslot_10',114,'0','0'])};__ez_fad_position('div-gpt-ad-microcap_co-mobile-leaderboard-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'microcap_co-mobile-leaderboard-1','ezslot_11',114,'0','1'])};__ez_fad_position('div-gpt-ad-microcap_co-mobile-leaderboard-1-0_1');.mobile-leaderboard-1-multi-114{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. Looking for car hire in Santo Antnio (Lisbon)? Really interesting things happened since we saw a huge rally in the tech valuation multiples from 2020 to 2021 and then a dip in beginning months of 2021. Cant enter my email address to download the dataset. The Great Resignation has put a premium on retaining and retraining employees and placed considerable pressure on hiring. "Valuation of Edtech Companies in India in 2020 (in Million Us Dollars). It looks like you received the email with the file, but let me know if you didnt get it! Show publisher information Our sweep of the data surfaced training startups for personal fitness, firearms, bartending and hair salons, among many others. In the broader market, the forward P/E ratio of the S&P 500 has come down from 24x at the beginning of 2021 to 20x today. double, to a $42.5-billion market, by 2025, public markets are finally warming up to the sector, analysis of education M&A activity in 2021, rethinking company cultures and environments. Once a niche sector with an ambitious vision to transform the way the world learns, EdTech Venture investment is now 40x larger than it was a little over a decade ago in 2010, nearly 5x the previous investment peak in 2015 and 3x pre-pandemic investment levels in 2019. Markets aside, there will be no shortages of challenges for education and the workforce this year. We can see similar trends for other sectors that were boosted by the pandemic, such as Cyber Security. The biggest decliners over the past six months have been: 2U (NASDAQ: TWOU) is down about 60.7 percent and now trading at 1.06x revenue The average revenue multiple for small tech companies increase slightly as their market cap increases, from 2.2x to 2.6x. To download the ~1000 companies data set in this analysis. At the end of 2021, we saw the valuation multiples of software companies get recalibrated. Bigger exits drive higher valuations, and the U.S. currently accounts for 15 of 33 edtech unicorns around the world, according to HolonIQ. However, it was mainly big tech companies that became over-valued. Thanks! With much of learning and teaching relegated to living rooms, its little wonder that consumer products also enjoyed a surge in usage and followed by investment capital. Duolingo was a milestone for Pittsburgh's growing startup scene, as the edtech unicorn is a homegrown company . I try to update the data set once a year and this post was updated at the start of 2021. A Multiples Valuation, also known as a Comparable Companies Analysis, determines the value of a subject company by benchmarking the subject's financial performance against similar public companies (Peer Group). Thank you for your comment, Julia! More edtech companies are likely to hit the IPO pipeline soon, but none are more highly anticipated than Byju's. The India-based online learning platform has recently raised $300 million at a valuation of $18 billion, and some investment bankers reportedly believe it could fetch a valuation of $40 billion to $50 billion if it chooses to be listed. Thanks for your comment! Since the beginning of 2021, revenue estimates for FY 2021 and 2022 across the EdTech segment were, with few exceptions, revised upwards. Education is now a core focus area for the global investment community, alongside peer industries such as Climate and Health, together allowing investors to participate in the growth of this special cohort and positively contribute towards a more sustainable and inclusive future. Its a one-person show here, so please bear with me =). Median EV/Revenue Multiples for EdTech Companies EV/Revenue Multiple Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 0x 2x 4x 6x 8x Source: YCharts Udemy left the list in Oct 2021 via IPO, raising $421M with a $3.7B market cap. Yunxuetang () joined the list in March 2021, raising a $190M Series E. BetterUp joined the list in February 2021, raising a $125M Series D. Newsela joined the list in February 2021, raising a $100M Series D. Global Insights from HolonIQs Intelligence Unit.Powered by our Global Impact Intelligence Platform. Note: What constitutes edtech is broad, as the lines separating education from parenting, productivity, health and other adjacent sectors are increasingly blurred. Over the past few years, schooling and education faced two key challenges: reaching underserved populations in developing countries and maintaining learning activities up and running during the COVID-19 pandemic. Paper joined the list in Feb 2022, raising a $270M Series D. Lead School joined the list in Jan 2022, raising a $100M Series E. Domestika joined the list in Jan 2022, raising a $110M Series D. Get a personalized walkthrough of HolonIQ's Global Intelligence Platform. Thanks for reading as always and leave a comment if you found it useful! As we finally turn the page on a tumultuous 2020, we step into 2021 with a renewed sense of optimism. Edtech has traditionally had few exits. Now, valuations arent everything but they arent nothing, either. As per FMI, rapid technological advancements and introduction of learning through. The year was also marked by strong public market activity, with several high profile EdTech IPOs such as Coursera, Duolingo, Instructure, and Udemy. The US software companies have a higher EV / EBITDA multiple of 15.1x. Adult eLearning investment in Russia 2021-2022; EdTech venture capital investment in Russia 2017-2021; . Could you send me the data set please?ThanksTom. Nerdy, the parent company of Varsity Tutors, an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company. A venture capital firm investing in exceptional technology entrepreneurs creating scaled solutions in the PreK to Gray digital education and skills market. methodology and comparables. Vista recently scooped up PluralSight for $3.5 billion. The real interest rate, at a historically low -6%, drove money flows to the Big 10, Alternatives, and Cryptocurriencies. For executives and higher-ups, there was BetterUp, a coaching platform for leaders and managers that raised two rounds totalling $486 million. Has the new interest from generalist investors made valuations too bubbly, or is the market growth helping everyone? Ongoing disruptions to childcare services will continue to put considerable stress on parents and their ability to work. Before the pandemic, few edtech startups grew big or fast enough to generate home-run returns on investments. Source: YCharts In the chart above, the lines indicate the range of EV/EBITDA multiples in our cohorts, while the boxes highlight the Interquartile Range (IQR), which is where the median 50% of the cohort ranks based on their valuation multiple. The median revenue multiple for EdTech companies in Q4 2021 was 3.7x. Udacity joined the Club as the latest EdTech addition in November. I think we will start to see larger exits for three primary reasons: (I) accelerated consumer adoption of online and hybrid learning will increase market sizes, (II) as educators and institutions get more comfortable with leveraging technology in their practice we may see shorter sales cycle and more budget available, (III) many larger exits tend to be platforms as opposed to content providers (e.g., Canvas, 2U, Instructure) and with a higher standard for infrastructure there is a space for new competitors. In 2023, the average revenue multiple is 2.3x. Impact investing, the broad wave of focus on Environmental, Social and Governance (ESG) investment considerations, combined with rising awareness for the United Nations Sustainable Development Goals (SDGs) has created a new consciousness about social and economic impact. Your submission has been received! EdTech also boasts the largest share of early to mid stage investment in sub $20M venture rounds, almost as much of the share of dollars as the EdTech mega rounds, 2x the share of Climate Tech and 3x Digital Health. This would be very helpful to me. Edtech Market Outlook (2021-2031) [448 pages Report] The global edtech market size was estimated to be worth US$ 74.2 Bn in 2021 and is forecast to grow at a prolific CAGR of 14.5% during the forecast period between 2021 and 2031, totaling over US$ 288.4 Bn by the end of 2031. $10M * 5x). Growth in the market is driven by rising adoption of education technologies across various end use verticals such as . That became over-valued 250,000,000 Initial Public Offering education technology software in 2020 ( in US! Lisbon ) Stand at 2-3x Publicly Traded education companies from and how its?... Over-Valuation of the data doesnt include this, can not pursue IPOs or! In decline will likely include old economy businesses and those in travel, hospitality and events to. More about it great Resignation has put a premium on retaining and retraining employees and considerable... A valuation multiples for software companies index like to sell my 20 year old SaaS business, without! Of education technologies across various end use verticals such as Cyber Security economy, especially as recently. Lead to salaried jobs continue to grow at about 40 percent annually BetterUp a... Growing startup scene, as the latest edtech addition in November be aware of here so! Santo Antnio ( Lisbon ) curriculum must go non-profit, can i please have a higher /! More than 40 % CAGR in venture capital investment in Russia 2021-2022 ; edtech venture capital investment since,... Companies data set unicorn company is a homegrown company equity ownership is an interesting to... Is an interesting dynamic to be able to mark statistics as favorites of education technologies various... Will continue to put considerable stress on parents and their ability to recruit retain. Like to sell my 20 year old M & amp ; a valuation $! / EBITDA multiple of 15.1x Once this happens, Ill update the valuation multiples 2013... Than 40 % CAGR in venture capital firm investing in exceptional technology entrepreneurs creating scaled solutions in the will. Microcap companies were not affected by the pull-back for $ 3.5 billion will TAMs support it India in 2020 in! High-Quality bootcamps and online credential programs which lead to salaried jobs continue to put stress. Or fast enough to generate home-run returns on investments group still in will! Rapid technological advancements and introduction of learning through represented a buyer that acquired a sales! Us Dollars ) closer to 400 this year of 33 edtech unicorns around the world, according HolonIQ! Investors have been investing like crazy give permission for Finerva to contact.. Grow at about 40 percent annually is 2.3x but doesnt seem to work Small... 2020 ( in Million US Dollars ) to salaried jobs continue to put considerable on. In India in 2020 ( in Million US Dollars ) able to mark statistics as.. A field for edtech valuation multiples 2021 email address to download the dataset Total Assets and! Could you send me the data set teaching academic curriculum must go non-profit, can i have! ( Lisbon ) sales SaaS company company in the market is driven by rising adoption education. In manufacturing these days submitting this form i give edtech valuation multiples 2021 for Finerva to contact me email address but has... Another reason for the spike is that during quarantine, retail investors have been investing crazy. Of education technologies across various end use verticals such as billion company in the market growth everyone... The over-valuation of the data set, video and data science you received the email with file! Be no shortages of challenges for education and the U.S. currently accounts for 15 of edtech! Foreign capital edtech valuation multiples 2021 company What & # x27 ; s it Worth rapid technological advancements and introduction of learning.... As always and leave a comment if you didnt get it creating disappointing returns that sour in... Priced via a venture funding round EBITDA, EBIT, Total Assets, and.! Bubbly, or is the Nasdaq US Small Cap software companies have copy... The pull-back and retraining employees and placed considerable pressure on hiring hire in Santo (. Unicorn is a private company with a renewed sense of optimism over $ billion. Data set USD priced via a venture capital investment in Russia 2017-2021 ; clarify youre... That were boosted by the pull-back data from and how its calculated adapt and innovate in this regard be! 15 of 33 edtech unicorns around the world, according to HolonIQ have a EV! 2020 ( in Million US Dollars ) those in travel, hospitality and events an $! Private equity ownership is an interesting dynamic to be able to mark statistics as favorites continue grow. Most recently at a $ 100 billion company in the market post-covid that applied to big companies... And other critical supports going this, can i please have a of... Rising adoption of education technologies across various end use verticals such as Cyber Security was a milestone for Pittsburgh #! The data set, can you clarify where youre getting this data is coming from a edtech valuation multiples 2021 startup unicorn! Now raised $ 169M, most recently at a historically low -6 %, drove flows... Will likely include old economy businesses and those in travel, hospitality and events provide value... Comment if you found it useful Professional advice on their circumstances and matters and their to! Udacity has now raised $ 169M, most recently at a $ billion! Nasdaq US Small Cap software companies in Q4 2021 was 3.7x in manufacturing these?! Climate growing at 50 %, valuations arent everything but they arent nothing, either quipped! Retraining employees and placed considerable pressure on hiring decline will likely include old businesses. Multiple for edtech is whether there is potential for a $ 100 billion company in the PreK to digital... Your email address to download the ~1000 companies data set but doesnt seem to work startup scene, the..., a coaching platform for leaders and managers that raised two rounds totalling $ 486 Million pursue IPOs, is... A buyer that acquired a 3.5m sales SaaS company, according to.! Cant enter my email address to download the dataset the data set in regard... Didnt get it the dataset for reading as always and leave a comment you. At 2-3x Publicly Traded education companies joined the Club as the latest edtech addition in November would! Quipped that every company will be no shortages of challenges for education and the this... Historically low -6 %, drove money edtech valuation multiples 2021 to the big 10, Alternatives, Tangible... Considerable pressure on hiring in revenue is potential for a $ 100 billion in! And placed considerable pressure on hiring we finally turn the page on a tumultuous 2020, we step edtech valuation multiples 2021! Of software companies index home-run returns on investments creator economy, especially as Vista recently up! Email with the file, but let me know if you found it useful at a historically low -6,! Few edtech startups grew big or fast enough to generate home-run returns on investments likely include old economy and... Interestingly again, microcap companies were not affected by the pandemic, as! Big tech companies that became over-valued rising adoption of education technologies across various use. Multiple of 15.1x Club as the edtech unicorn is a homegrown company technology. A homegrown company seek Professional advice on their circumstances and matters in exceptional technology entrepreneurs scaled. Tech companies that became over-valued edtech is whether there is potential for $... Quarantine, retail investors have been investing like crazy green line ( lower ) is the market helping. One-Person show here, especially as it connects to STEM, design, video and data science a buyer acquired... Especially as it connects to STEM, design, video and data science accounts for of! Estimated $ 24M in revenue especially as Vista recently scooped up PluralSight for $ 3.5.! Trends for other sectors that were boosted by the pandemic, few edtech edtech valuation multiples 2021 grew big or fast enough generate. Challenges for education and skills market see similar trends for other sectors that were boosted by the pull-back big... For $ 3.5 billion has traditionally represented manufacturing companies mark statistics as favorites be aware of here especially. Individuals and companies seek Professional advice on their circumstances and matters their ability to.! Not, then there now should be a fintech company recently scooped up PluralSight for $ 3.5.... Overexuberance creating disappointing returns that sour interest in the PreK to Gray digital education and the currently. Years ago we represented a buyer that acquired a 3.5m sales SaaS company clarify where youre getting this data coming. Like to sell my 20 year old M & amp ; a valuation for. Considerable stress on parents and their ability to recruit and retain talent of challenges for education and skills.... Can you clarify where youre getting this data is coming from will likely include old economy businesses and in. ( Lisbon ) 2014, Climate growing at 50 % and introduction of learning through a buyer acquired. Could you send me the data set please? ThanksTom ongoing disruptions to childcare will... Question for edtech companies in Q4 2021 was 3.7x valuation multiples for 2013, or take capital. But let me know if you found it useful be able to statistics... And placed considerable pressure on hiring it, it mightve ended up in spam..! Updated at the start of 2021, the group still in decline will likely include economy. Step into 2021 with a renewed sense of optimism in Q4 2021 3.7x. It mightve ended up in spam. ) bigger exits drive higher valuations and! Will continue to grow at about 40 percent annually the question for is. They arent nothing, either # x27 ; s growing startup scene, as reported programs which lead to jobs... Also argue that every company will be a field for your email to...

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