Corporate dealmaking experts the GS Verde Group have seen how the pandemic has inspired technological advances. This acceleration has been felt across many sectors but perhaps none more so than EdTech, making it one of the fastest growing industries of recent years.
EdTech refers to the combined use of the internet with various technologies, such as computers, tablets, or other devices, as well as virtual reality headsets and computer applications, to provide an improved learning experience and better academic outcomes. EdTech presents new avenues, not just for students, but for the world at large.
In fact, 2021 was a record-breaking year for EdTech, especially in the UK. While global deal activity has, for the most part, grown year on year, progress had been slower across the UK and Europe.
Now, with almost 600 EdTech companies currently operating in the UK's high-growth ecosystem and over half still in the seed stage of growth, it is certainly an industry to watch.
Since 2017 more than £100m of equity investment has poured into UK EdTech each year, and 75 businesses in this sector have exited the ecosystem either by acquisition or IPO, data platform Beauhurst indicates.