There was so much money going into edtech from venture capital investors in 2014, it was almost as much as, uh, one Uber.
That’s a comparison I draw at GeekWire. Three different sources — CB Insights, EdSurge, and Ambient Insight — all tallied record investment into education technology companies last year. Some were U.S. only, some were global. But all were records, breaking the previous 2013 investment number records.
Sounds rainbow-pot-o’-gold amazing, doesn’t it? Not until you realize that Uber, by itself, raised more money in 2014 than every single edtech company tracked, combined. It’s still comparative baby steps.
It’s also worth noting none of the three tallies include merger and acquisition activity, a.k.a. “exits,” which also hit an apparent record for education and edtech firms in 2014. Grant activity from foundations to edtech companies may or may not be included, either, depending on how it’s structured and who’s counting.
Whatever. It’s still a record. For some analysis behind the numbers by the deal-counters themselves, read, “Can you count to $2 billion? Education technology investment hits new record,” at GeekWire.