January is finally in our rearview mirror, for which I think we can be thankful.
One of the highlights of this time of year for me is that I often catch up with a friend who has a fascinating job. He works for a venture capital firm that invests only in education technology companies. His job is so far away from the day-to-day of pandemic management, and his optimism so high for the great developments ahead, it is hard not to get excited about the opportunities and tools that might support our work on the road ahead.
As a venture capital guy, he has a reason to be optimistic. The ed tech market was growing quickly before the pandemic, and it has only accelerated during this time. As this report on the ed tech market share and size notes: The global education technology market size was valued at USD 89.49 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028.
To give you a sense of the scope, check out the graph below, which can also be found at this link to PitchBook.
I’d like to share with you seven of the companies that were shared with me, with a couple extras around the margins. I encourage you to check them out, if only to understand what is being built out there and how it might be helpful to your school or otherwise disrupt education as a whole. Some of these offerings were surprising to me and others make incredible sense given changes we have seen across everyday life over the last two years.
These are just a handful of the development in the ed tech world that are moving quickly. For those interested in these kinds of shifts ahead, I recommend checking out ASU/GSV, and the summit they offer in April in San Diego. The first time I went, an ed tech friend told me that if I ever had any concerns about investors getting involved in education, nothing about this conference would change my mind. He wasn’t wrong in that summation, but at the same time it is fascinating to see what money, time, innovation, and some very smart people create that might change education for the better, particularly if we are part of the conversation.
Have a great month!