Edtech 2020's most funded sector, witnesses massive jump in VC investments

Venture Capital (VC) investments in edtech start-ups have almost tripled during January to July 2020 to $998 million, from $310 million, a year ago. Edtech is the most funded sector in 2020.
 

Investors say most of the edtech companies are seeing 3-5X rise in free audiences and anywhere 50-100% growth in monthly revenues due to Covid.
 

Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.
 

Edtech stands out as the key sector to have received a strong