The education space is chockfull of products for parents, students and educators, quickly becoming one of the fastest growing and most profitable industries. According to Forbes, in 2017, 813 different EdTech companies received funding while in 2018 EdTech investments hit a historical record of $9.5 billion.
These EdTech investments mark a historic gain up 30% from 2016.And of the more than $38 billion invested in education technology companies since 1997, 62% of those dollars were invested in the last three years. PreK through grade 12 companies received 13% of the overall global investment, and higher education companies got 8% for a combined 21% going to PreK through college enterprises. Given these numbers are a small fraction of total investments, education startups may find it quite challenging to get in front of the right people in a school district.
Today discussing the business of EdTech are co-founders Ash Kaluarachchi and Jonathan D. Harber of StartEd New York’s premier deep immersion Edtech accelerator. On the phone from San Francisco is Austen Allred, the CEO of Lambda School, an education startup that offers tuition-free data science and coding courses for a slice of future paychecks.
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