GSV Unveils 2022 Edition of EdTech150 List of Leading Companies in Digital Learning
- By Kristal Kuykendall
GSV Ventures, a female-led venture capital firm focused on the education sector, has unveiled the 2022 edition of GSV EdTech 150, its annual list of the world’s “leading, most transformational growth companies in digital learning.”
GSV evaluated more than 3,000 private companies to create the acclaimed list of companies revolutionizing the world of education technology, the firm said in a news release. GSV estimates that the 150 companies selected reach a total of about 3 billion people — almost half of the global population — and generate approximately $20 billion in revenue.
“As the global pandemic continues to drive learners online, more and more companies are innovating in the digital learning space — making it increasingly competitive for companies to make the top 150,” said Luben Pampoulov, partner at GSV Ventures. “The way GSV sees it, Ed is on The Edge, and increasingly more companies have the ideas, know-how, and talent to transform the world and provide all people equal access to the future. We know these companies are well-equipped to help us achieve that goal, and we look forward to watching them do so.”
GSV launched its list of education technology leaders two years ago with the EdTech 50. As the COVID-19 pandemic necessitated significant growth technological evolutions in the sector, the list increased to 150 notable companies in 2021. The sector shows no signs of slowing down, GSV noted, with the 150 companies selected for this year's list “collectively experiencing revenue growth in the high double digits.”
Find the full GSV EdTech 150 list on the GSV website, or read details about the selection process in this GSV blog on Medium. Of the companies selected from across the globe, 42 are based in North America and serve the K–12 market.
To arrive at its list, GSV evaluated more than 3,000 venture capital and private equity-backed private, for-profit companies that met the following criteria:
- VC or PE-backed companies in Digital Learning, excluding public and nonprofit companies
- Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
- Companies experiencing strong, organic top-line growth
The final selection was then determined by GSV's proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.
The GSV EdTech 150 includes three major sectors: Life-Long Learning, Higher Ed, and K-12.
Life-Long Learning (inclusive of Workforce Learning and Adult Consumer Learning) is the leading sector with 42% of the GSV EdTech 150 falling within the category, with an additional 5% of companies serving the Life-Long Learning and Higher Ed blend and another 3% serving both K-12 and Life-Long Learning.
Selectees in the K-12 sector (including Early Childhood) account for 27% of the list, while companies in the Higher Ed sector account for just 5% and 9% of the GSV EdTech 150 serve a blend of the two. More companies on the list are serving all sectors than ever before, with 9% of the selectees serving all three major sectors, GSV noted.
The GSV EdTech 150 selectees will be celebrated at the ASU+GSV Summit, a major EdTech event connecting industry leaders and emphasizing equity in education, secheduled for April 4–6, 2022, in San Diego, Calif. Representatives from the 150 companies will be invited to join panel discussions or give presentations on their company initiatives, the GSV news release said.
See the full GSV EdTech 150 list and learn more about the upcoming summit at www.asugsvsummit.com/edtech-150.
Kristal Kuykendall is editor, 1105 Media Education Group. She can
be reached at [email protected].