What Are Some Popular Online Education Startups in 2022?
Education is a sector worth $6 trillion that is projected to grow to historical levels, and eventually reach 10 trillion by 2030. However, the Online Education Startups sector is lacking in capital relative to other industries, particularly in the area of digitalization. This was evident when the Covid-19 law forced education providers as well as students online around the world in 2020.
With the advent of newer technologies including video and mobile tools and software that can improve the security of Online Education Startups and the powerful cloud platform, the field of learning has made massive steps forward as startups in education come up with new inventive teaching and learning tools which benefit all the stakeholders, including students, teachers and parents.
The latest digital learning platforms allow students as well as teachers to collaborate using mobile devices and other gadgets. They are becoming popular with teachers and students because of the interactivity as well as the time flexibility they provide.
Online Education Startups in education, particularly those that offer online education originate from an idea, but they are nurtured over time, along with other technical and non-technical elements that should be considered. This includes building websites as well as app development and other SEO tools that are developed by experts.
Find out more below about some of the most exciting Online Education Startups and online learning companies in 2022.
BetterUp is a company in the field of technology which provides one-on-one coaching for professionals. It makes use of evidence-based assessments and machine learning to pair professionals with coaches. The list of clients includes Fortune 500 and enterprise companies like Airbnb, Linkedin, and Logitech among others. The platform was developed using research-based practices to aid in the growth and development of confidence and leadership among employees.
BetterUp was established on the 13th of December 2013, by Alexi Robichaux, but began operations in the year 2016, in San Francisco. The platform provides a range of tools and services to assist with career coaching. It also offers live-time mentoring and skills-building via virtual sessions, where clients can meet one-on-one with a certified counsellor or therapist. Clients can get coaching via video, phone or live chat sessions.
Employers that offer BetterUp as a BetterUp service to their employees can keep track of their employees’ efficiency, leadership effectiveness and happiness. In five funding rounds, BetterUp has raised an overall sum in the range of $269.8 million. The company completed its last Series D funding round in February 2021. The round was with seven investors participating, comprising Salesforce Ventures, Threshold, and Lightspeed Venture Partners.
The number of users for this startup has grown by 400 per cent during the FY20 fiscal year 2020 as well as saw the greatest increase in monthly revenues during the lockdown period of April and May. They saw an increase of 30% in revenues compare to March’s numbers.
The company was founded in 2017 by the CEO Sumesh Nair and COO Abhay Gupta, Board Infinity is a full-stack higher education platform that offers training, certifications, programs and training to job seekers and students. The company is located within Mumbai, India, but is also active in India’s Noida, Gurugram, and Bengaluru.
In the coming months, it plans to expand to other cities across India. The company is currently operating with an overall funding amount over $2.9 million. Investors within The company comprise Ambarish Raghuvanshi the former CFO of InfoEdge and Maheshwer Peri, founder of Careers360.
BYJU It is an Indian technology company for education and an online tutoring firm that designs individual learning programs designed for K-12 students. The company provides both apps as well as online access to digital education points to students.
The Bangalore-based startup was established in 2011 by the current Chief Executive Officer Byju Ravendran as well as Divya Gokulnath. The company is considered to be a Unicorn in the tech industry, BYJU’S has raised a total of $2.1 billion in funding in 17 rounds. BYJU is continuing to look for funding because its use is increasing due to the outbreak. The latest round of funding came on the 8th of September and 9, 2020, from a private equity round.
CampusLogic offers a self-service system that helps college officials, as well as students, manage the financial aid tools and resources like loans, scholarships and other support mechanisms. The company provides an online platform that integrates with the college student information systems to allow students to verify their identity online via the cloud. Students can complete forms online and confirm their signatures through electronic signatures that allow for automatic student-institution-related communication through the platform.
The company is one of the Chandler Arizona-based businesses established on the 11th of November, 2011 by Gregg Scoresby. The company is afloat with a capitalization that is $192.8 million that it has accumulated through five rounds of funding and its most recent private equity round announcing in July 2020.
Cluey Learning is an online platform that offers one-on one tutoring and tutoring for students at primary to high school. The company is based in Sydney and was founded in 2017 by CPO and founder Michael Allara.
The company has capital in excess of $14.8 million. Two investors for Cluey include Thorney Investment and Allectus Capital. In the past, Cluey Learning made its debut on the Australian Stock Exchange on Dec. 9 2019, 2020. The company is planning to utilize its announcement on the stock market to help fund its growth plan moving forward. Plans for growth include expanding student enrollment and developing products channels, market expansion opportunities, as well as potential strategic acquisitions.
Degreed is a U.S.-based online platform that offers learning and tracking options for both users and businesses through simplified programs so that organizations, as well as learners, are able to more efficiently navigate their career development and choices. It monitors, evaluates and validates every type of learning like degrees, conferences, online classes (Coursera, edX, Udemy) and work experience, as well as magazine subscriptions. It produces one score that is comparable to the credit score. The library also functions as a platform for students to study through the platform. The platform focuses on the students’ active learning abilities and offers services on both personal and corporate levels.
In March 2012, the company was founded in March 2012 by David Blake, David Wiley as well as Eric Sharp, the company began the initial Beta to 20000 users who joined as ‘Founding scholars’ to Degreed in the month of November. In January 2013 after a crowdfunded introduction, Degreed was launched to the general public. In the autumn in 2014, the firm introduced Degreed for Enterprise.
Duolingo is an American startup offering learners an online language learning platform that is a gamified and mobile app. The courses are available in languages like Spanish, French, German, Italian, Russian, Portuguese, Turkish, Dutch, Irish, Danish, Swedish, Ukrainian, Esperanto, Polish, Greek, Hungarian, Norwegian, Hebrew, Welsh, and English.
Duolingo provides features like gaming-based interfaces and education solutions for schools as well as a personalized learning experience rewards-based system. It operates with a freemium model and its apps are downloaded for both the IOS as well as the Android platform.
The project was started towards the end of 2009. Pittsburgh in 2009 by Carnegie Mellon University professor Luis von Ahn and his postgraduate student Severin Hacker. The idea was initially backed by Luis Von Ahn’s MacArthur fellowship as well as a National Science Foundation grant. The founders had considered establishing Duolingo as a non-profit entity however Von Ahn deemed the model to be unsustainable.
Great Learning is an Indian blended and online learning platform that aims to help professionals in their work. The company offers relevant programs from top universities around the world to help develop specific skills that are in high demand including artificial intelligence, data science as well as machine learning, as well as cloud computing.
Great Learning is based in Gurugram, India, and was established on the 15th of May in 2015, with the help of Mohan Lakhamraju, the former India director for Tiger Global. The company reported in June 2020 that its annual revenues had grown by 150 per cent from year to year to more than $3.9 million.
In the last year (and particularly following the lockdown) the company reported that there is an increase in demand from professionals to improve their digital skills which is a good sign for the business. Recently, the company worked together with the International Institute of Information Technology, Hyderabad to launch a blended learning post-graduate certificate in software engineering and data science.
Kano provides a range of kits and a programming platform that allows users to develop games, apps and music. The program of Kano is ideal for children aged 6-14 years old and helps kids learn Python to develop proficiency in computer programming.
The start-up based in London was established at the end of 2013 by the CEO Alex Klein, Saul Klein, and Yonatan Raz-Friedman. Kano has received a total of $45.5 million in funding in 9 rounds. their most recent round of funding coming in July 2020, as part of the Corporate Round. Kano hosts around 18 shareholders, the two most current investors Microsoft as well as Sesame Ventures.
Knowbox is a Chinese mobile app that is designed to help students from K-12 as well as teachers to manage their homework. The company is based in Beijing and was established on the 14th of July 2014, by the CEO Liu Ye and CMO Jia Xiaoming.
The company is known as a Unicorn which has received a sum of $305.8 million in six rounds. The most recent round of funding was one called Series D, which took place in the year 2019. The company now has 10 investors including the most recent investors of the company being C Ventures and Alibaba Group.
The masterClass is an online educational platform that offers online classes taught by famous experts. The company was established in 2014 under the name “Yanka Industries” 2014 by David Rogier while he was an undergraduate attending Stanford University. Rogier remains CEO and contacted Aaron Rasmussen to join the company as co-founder and chief technology officer but Rasmussen will also be the creative director until 2017.
The website was launched under the current name Master Class in the year 2015 with three instructors, and twelve classes added during the course of the year. At the end of the year, Master Class was home to around 50 courses and 1000 lessons. Mobile devices were first announced in April 2018.
In its current format Master Class’s instructors are highly regarded experts in their field and offer cooking courses in singing, writing, acting, photography, and more. The master Class provides videos, workbooks for courses as well as interactive assignments and social activities for the community.
It currently operates on an income model based on subscriptions and it’s accessible via both mobile and web. The mobile app for Master Class is available on Android or iOS devices.
Indonesian Edtech start-up Ruangguru provides online tuition and test preparation platform designed to assist students to improve their academic performance and test-taking. The company is headquartered in Jakarta Ruangguru, the firm was founded at the end of 2013 by the CEO Adama Belva Syah Devara as well as the chief of partnership and product Muhamad Iman Usman.
Udacity is a MOOC platform that provides open online courses that focus on professional development and training in front-end web, full-stack Web as well as iOS development.
Udacity was revealed during the 2012 Digital Life Design conference and in the following years, the growth of the startup accelerated by forming agreements with major universities and tech companies.
In 2014, the Georgia Institute of Technology launched the world’s first “massive open online degree” that focuses on computer science, cooperating in conjunction with Udacity along with AT&T. In October 2017, Udacity along with Unity launched the “Learn ARKit Program that could aid developers in improving their AR app building abilities. In the same month, Google collaborated in conjunction with Udacity for the first time to introduce a brand new program of scholarships for budding Web and Android app developers.
Udemy is an American massive open online course (MOOC) provider that provides an online course marketplace that offers courses in a variety of fields geared towards professionals and students.
The company was established in the month of May 2010 with the help of Eren Bali Gagan Biyani, as well as Oktay Caglar. The MOOC is available online as well as via Android, iPad, and iPhone apps. It offers courses that can be completed at any speed and the course content can be developed by instructors based on the instructor’s preferences. It also offers “Udemy for Business, an online platform for learning in the corporate world which provides companies with training options.
Indian start-up Unacademy offers an online platform for learning that provides students with educational materials like live, daily classes, videos of lectures, mock tests and notes from lectures. Unicorn is based in Bangalore. The unicorn was founded by the CEO Gaurav Munjal, CTO Hemesh Singh, Roman Saini, and Sachin Gupta.
Unacademy has received a sum total of $348.5 million in financing across nine rounds. Unacademy is backed by 35 investors including Dragoneer Investment Group and Tiger Global Management as its most recent. The company has secured the latest round of financing from Tiger Global on Nov. 25, 2020. The company is currently worth $2 billion, an increase from the $500 million it received earlier in the same month in February.
Indian start-up Vedantu offers an online platform for e-learning that offers students classes, tutoring and personalized learning content that is updated in real-time. It is based in Bangalore and was founded at the end of 2011 by the CEO Vamsi Krishna and Product Manager Pulkit Jain Saurabh Saxena as well as Anand Prakash.
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