All figures are based on Crunchbase data, and all graphs are my own.
Yesterday saw a stock market slide (which has since seen some recovery) for tech companies that specialize in enabling home office or other remote activities. One of the biggest verticals expected to profit from the pandemic was edtech, which had raised a total of $4.1b by August.
The graph below shows that the number of VC and PE funding rounds for U.S.-based edtech companies went up slightly after lockdown procedures went into effect, reversing a long downward trend. This corresponded with indications of further growth in the average round, which had hovered around $7m from 2017 through 2019. Whether the trend will persist appears questionable given the data, due to its consisting mostly of two large spikes, as opposed to steady growth.
The first big leap in the average round is clearly attributable to a single private equity round in Q1'20. However,...