Education technology, or EdTech, has received much attention in light of the Corona virus, as the sector received $12 billion in investments in 2020, compared to about $7 billion in 2019.
According to Arabiya Net, it appears that investment funds are betting this time on distance education companies, to go beyond being a trend or a necessity during Corona, but rather to become an option for many parents and students even after Corona.
Most of the new investments went to start-ups in China and India, and now the edtech sector in Europe is attracting attention.
Vienna-based GoStudent recently secured $244 million in funding from major investment funds such as SoftBank and Tencent, in a round that values the five-year-old company at $1.67 billion, making it the first unicorn in the sector in Europe.
