The ASU+GSV Summit, a collaboration between Arizona State University and Global Silicon Valley, announced its annual EdTech 150 list, highlighting 150 of the leading and most transformational private companies in the Education Technology industry that focus on global learning.
This is a good showing for the EdTech industry in Arizona, especially considering only about half of the companies included are based in the U.S.
ASU+GSV estimated that these 150 companies reached about 3 billion people last year — almost half of the global population — and generated about $20 billion in revenue.
“When we launched the EdTech 50 last year, none of us knew the tremendous impact that a global pandemic would bring to education,” said Deborah Quazzo, co-founder of the ASU+GSV Summit, in a statement. “COVID-19 brought 1.6 billion learners online overnight, ushering in the dawn of digital learning.”
Quazzo said the list tripled this year due to a rapid growth of the EdTech sector. According to the ASU+GSV Summit, global VC investments in EdTech grew more than 170% in 2020, to $13.3 billion.
In order to arrive at 150 companies, the ASU+GSV Summit evaluated more than 2,000 VC- and PE-backed private companies. They considered factors like revenue scale and growth, user reach, geographic diversification and margins profile while constructing the list.
All companies named on the EdTech 150 will be invited to this year’s ASU+GSV Summit in San Diego, happening live on August 9-11.