EdTech funding and deals shoot up to an all-time high in 2019
One of the industries that has not been talked about too much, but has seen significant traction nonetheless, is education (or EdTech, as we love to call it in the venture capital space). Over the last few years, the number of deals have increased significantly, with 2019 seeing more deals (29) and total funding ($20M) than any previous year. Many of these startups are Early Stage, but we have also seen significant rounds in online platforms such as Saudi Arabia-based Noon Academy and Lamsa, among others.
This report provides a deep-dive into the education sector in the Middle East and North Africa, highlighting the top funded startups, industry verticals, investors, and much more.
This report is also available as part of our Pro and Enterprise subscriptions, along with all other country, industry, and other venture summary reports. You can check them out HERE.
This 44-page report includes:
- Education Funding Trends in MENA, incl. deals & funding evolution, avg. funding, and top MENA deals
- Education Exits in MENA, including a list of all 2019 exits
- Investors in Education, with most active investors by funding stage ranked
- Industry Vertical Insights, case studies on top Education verticals, such as Childhood Learning and Online Tutoring
- Pre-money Valuation by Funding Stage, highlighting the avg. pre-money valuation at Seed & Series A
- Country Rankings & Trends in Education, incl. a ranking of MENA countries by Education deals and funding
Want to see a sample of the full report? Click here.
Aside from a record year for funding and number of deals, MENA-based education startups also attracted more investors than any previous year. As shown by the chart below, the majority of these investors came from the Middle East and North Africa, with just 14% of investors coming from abroad. This is lower than the MENA average, where 25% of all investors come from international markets. Hence, EdTech is still a regional game for many startups, with local investors – especially VCs and accelerators – warming up to the industry.
