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- Global ed-tech funding could see a resurgence in 2024, with cash reserves waiting to be deployed by venture capital and private equity firms.
- Investment in ed tech declined in 2023, with global funding reaching $5.6 billion, down from $9.6 billion the year before.
Global ed-tech funding remained resilient in 2023, despite a steady slowdown in venture capital and private equity funding. A new report by Brighteye Ventures, a major ed-tech venture capital firm in Europe, suggests that the industry could be poised for a comeback in 2024. While funding decreased from $9.6 billion to $5.6 billion in 2023, the report highlights that there is an abundance of “dry powder” in the form of cash reserves waiting to be deployed. This could lead to a resurgent year for global ed tech.
The report also indicates that every global region experienced a decline in funding in 2023, with India taking the biggest hit at a 40 percent decrease. However, Europe remained one of the more resilient regions, with total funding for European ed-tech startups increasing in the second half of 2023. Additionally, the decline of mega rounds in ed-tech funding was highlighted, with a growing portion of funding being secured in smaller rounds.
Despite the overall decline in ed-tech funding, there are reasons for optimism as venture capital and private equity firms gear up to invest in the sector in 2024. The trends in funding and investment highlighted in the report provide insights into the potential opportunities and challenges facing the global ed-tech market in the coming year.
