Tech

The healthy European edtech market contrasts with the global trend

The European edtech market is bucking the global trend enjoying a strong first half of the year, according to a new report from the venture capital firm (VC), Brighteye adventures.

While the global picture shows a decline in investments in edtech, such as we reported earlier this montha number of factors indicate that the European market is in much worse health.

Total VC investment of £ 1.2 billion in the first half (H1) of 2022 was 40% higher than in the same period last year.

This growth, when compared to cooling in markets elsewhere, means that Europe now accounts for nearly a quarter (22%) of the global VC edtech market, exactly double the previous year’s share and in stark contrast to the share of the 6% in 2020

The size of the business is also increasing. That investment of £ 1.2 billion in the first half was the result of 107 transactions, compared to 299 transactions which comprised the £ 2.1 billion invested in the whole of 2021.

This means an average H1 transaction size of £ 11m in 2022 in the European edtech market, compared to £ 7m in the first half of 2021.


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“This represents a doubling of investors from companies they consider sound and are likely to be able to survive and thrive in today’s environment,” said Brighteye Ventures.

The UK remains at the top of both funding and deal tally rankings in the first half of 2022, with 33 deals marking a total VC investment of £ 316 million.

The next five countries on the list – Austria, Germany, Spain, France and Denmark – can only count 38 agreements between them.

Finally, a total of three European companies that raised over $ 200 million (£ 167 million) in the first half of 2022 is already one more than last year as a whole.

“This bodes well for ecosystem development,” said Brighteye Ventures, “as well as the fact that they cover various verticals: early employment, mentoring and coaching.”

The healthy European edtech market contrasts with the global trend

Source link The healthy European edtech market contrasts with the global trend

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