Education tech enjoys boost from investors
Venture and equity financing in sector surges 55 per cent to US$1.87 billion in 2014
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THE education technology business is chock-full of fledgling companies whose innovative ideas have not yet proven effective - or profitable. But that is not slowing investors, who are pouring money into ventures as diverse as free classroom-management apps for teachers and foreign language lessons for adult learners.
Venture and equity financing for ed tech companies soared to nearly US$1.87 billion last year, up 55 per cent from the year before, according to a new report from CB Insights, a venture capital database. The figures are the highest since CB Insights began covering the industry in 2009.
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