A new report by Holon IQ predicts that global venture funding deployment for the edtech sector will recover to pre-pandemic levels in 2023.
Funding for the sector nearly halved from $20.8B in 2021 to $10.6B in
2022. Funding is expected to be particularly strong in the U.S., Europe,
and India.
- The report cites the demand for learning management systems to drive growth in the sector.
- In
addition, the report predicts that schools will require technology to
meet learning outcomes in students, address faculty and teacher
well-being, and solve retention challenges.
- According to a
Holon poll, 67% of respondents perceived the greatest development
prospects rising from tutoring and test prep, followed by language
learning and personnel management, as confirmed by 60% and 50% of
respondents, respectively.
