Education tech enjoys boost from investors
Venture and equity financing in sector surges 55 per cent to US$1.87 billion in 2014
New York
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
US sets up board to advise on safe, secure use of AI
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’