3 Polish companies find their way to educational top in Europe
17:00
Three Polish startups – Brainly, Skriware, and NovaKid – are among the twelve most promising European educational startups awarded by the international industry portal sifted.
All over the world so-called edtechs (from education technology) are experiencing a booming period today. It is estimated that the number of startups in this sector that have achieved the status of "unicorn" - i.e. a startup whose valuation has exceeded USD 1 billion - is currently 13. However, China and the United States are the global driving forces behind this industry's development and Europe must make up for its losses.
In 2018, the sum of investments in Chinese educational startups amounted to $3.3 billion, and in American - $1.7 billion. Meanwhile, startups from Europe in the same period collected only $700 million of investor support. In addition, in the aforementioned group of thirteen edtech unicorns, there is not a single representative of the Old Continent.
However, the European market is growing at a fairly impressive pace. In 2018, European entrepreneurs have already obtained almost USD 450 million from such investors. - more than eight times more than 4 years earlier.
