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Education is China’s Secret Weapon for Tech Dominance

Education is China’s Secret Weapon for Tech Dominance

Seven ed tech companies globally raised a financing round of $100M+ in 2015. Seven ed tech companies globally raised a financing round of $100M+ in 2015.

Ed tech funding continued to soar to new heights in 2015 as global ed tech companies took in more than $2.98B across 442 deals last year, according to CB Insights data. Ed tech funding continued to soar to new heights in 2015 as global ed tech companies took in more than $2.98B across 442 deals last year, according to CB Insights data.

On a year-over-year basis, global ed tech funding jumped 58% in 2015. On a year-over-year basis, global ed tech funding jumped 58% in 2015.

While the continued rise of ed tech investments could be attributed to a number of factors, a few stand out including: While the continued rise of ed tech investments could be attributed to a number of factors, a few stand out including:

A spike in $100M financing events: Seven different ed tech companies globally raised a financing round of $100M+, for a totaled of over $1B in aggregate funding across these mega-rounds. These companies included Udacity, Lynda(later acquired by LinkedIn), and 17zuoye among others. A spike in $100M financing events: Seven different ed tech companies globally raised a financing round of $100M+, for a totaled of over $1B in aggregate funding across these mega-rounds. These companies included Udacity, Lynda(later acquired by LinkedIn), and 17zuoye among others.

China’s ed tech boom: Funding to China-based ed tech companies topped $1B in 2015. Funding to Chinese companies made up 37% of 2015’s global ed tech funding total, compared to 17% in 2014. China’s ed tech boom: Funding to China-based ed tech companies topped $1B in 2015. Funding to Chinese companies made up 37% of 2015’s global ed tech funding total, compared to 17% in 2014.

Investor interest in professional job- and skills-oriented learning: As The New York Times highlights, 2015’s funding total was buoyed by large follow-on investments to startups that focus on — or have pivoted to — skills or career advancement both for individuals and within corporations, including Udemy and Udacity. Investor interest in professional job- and skills-oriented learning: As The New York Times highlights, 2015’s funding total was buoyed by large follow-on investments to startups that focus on — or have pivoted to — skills or career advancement both for individuals and within corporations, including Udemy and Udacity.

On a year-over-year basis, global ed tech funding jumped 58% in 2015, while deal activity rose 13%. On a year-over-year basis, global ed tech funding jumped 58% in 2015, while deal activity rose 13%.