COVID-19 had a significant impact on every aspect of the educational sector. UNESCO’s latest data shows that more than 870 million students at all levels are currently facing disruptions to their education.
From March 2020 to September 2021, approximately 131 million schoolchildren in 11 countries worldwide missed three-quarters of their in-person learning time. Nearly 77 million students – or 59% – have missed almost all of their in-person instruction time.
The COVID-19 pandemic has intensified the need for the digital transformation of the education sector, forcing many education providers to go online. It’s no surprise that the Edtech sector is becoming increasingly popular among investors. Edtech (educational technology) is a combination of digital technology and educational practices to facilitate and enhance learning and improve access to education.
According to Grandviewresearch’s report, the global education technology market was valued at USD 89.49 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028.
Asia has led the growth in VC investment in Edtech in 2020 which increased 94% compared to 2019, reaching $13 billion.
The market’s leading companies concentrate their efforts on growing their customer base and establishing a competitive edge by implementing various strategic initiatives like partnerships, M&A, new product and technology development, etc.
Education is becoming increasingly digitized as new and innovative technologies are used to deliver skills and knowledge, and improve communication. As a result, learning and development become available to more people across the globe and can turn into a continuous process throughout one’s life.
Outschool is a homeschooling-friendly teaching platform for small live classes. Over 1,000 live classes are available to students and parents, including ballet, art, STEM skills, and anthropology. Throughout five rounds of investment, Outschool has raised a total of $130.2 million. Their most recent funding came from a Series C round in April 2021. Outschool operates on the exact brand match domain name Outschool.com.
Camply is an app that offers English learners on-demand access to native English-speaking tutors over video chat. Kevin Law and Sameer Shariff founded the company in 2012 in the Western US. Cambly has chosen the exact brand match domain name Cambly.com.
Teachoo is an Indian online education platform that offers a variety of online courses for English-speaking students. Teachoo operates on the exact brand match domain name Teachoo.com.
Lessonly is a simple learning management software that assists teams in learning, practicing, and improving their work. More than 1,000 leading companies and 3 million users are using the program. Lessonly has raised a total of $29.1M in funding over five rounds. The company has secured the exact brand match domain name Lessonly.com.
GoPractice is an educational platform that aspires to transform online education by implementing a learning-by-doing approach. The vision of GoPractice Simulator is to change how people learn new things online through storytelling. GoPractice operates on the gopractice.io domain name. At the time of our visit, gopractice.com doesn’t seem to be resolving. Not securing the matching .com for their brand is one of the most common mistakes made by startups.
Eighty-four companies out of ninety-nine are using the .com extension domain name. Some companies on the list converted common and popular education industry words into catchy names for their brands as Lessonly, Teachoo, and Quizlet. It’s a frequent technique to create a name for a new business because matching .com is more likely to be available or easier to get.
Seventy-six out of ninety-nine brands are operating on their exact brand match domain names.
No startup on the list uses a dash in its domain name.
|DOMAIN EXTENSION||EdTech startups 2021 USING IT|