Take off Career

Revolutionizing Education: Meet the Top Private EdTech Companies of 2020

Education is changing at a rapid pace. With the emergence of technology, the education industry is now merging with the technology industry.

As a result, the edtech industry is becoming a market of its own, with various privately owned edtech companies leading the way. In this article, we will discuss the top 15 privately owned edtech companies in the world ranked by overall valuation in 2020.

Yuanfudao is a homework tutoring app and currently holds the top position with a valuation of $15.5 billion as of 2020. This company provides live tutoring, online QA sessions, and math problem checking services via their app.

Yuanfudao has partnered with top universities in China for AI data collection, which has allowed them to improve their services and provide better learning outcomes for students. The second-highest valued edtech company is Byju’s.

This Indian-based company has a valuation of $10.5 billion and offers a range of educational services from kindergarten to grade 12. Byju’s app includes interactive video lessons, live tutoring, and assessment tools.

In third place with a valuation of $4 billion, Udacity is an online education platform that offers nanodegrees and programming courses. Their mission is to help people acquire skills for the jobs of the future through affordable and accessible online education.

Fourth on the list is Course Hero, a website that provides study materials such as course notes, flashcards, and practice tests for students. They have a valuation of $1.1 billion and aim to help students excel in their academic studies.

The fifth spot is held by Baidu’s Zuoyebang, a homework tutoring app that offers live tutoring, online QA sessions, and math problem checking services. They have partnered with many schools in China, and their valuation is estimated to be around $1 billion.

Coming in at sixth place with a valuation of $1 billion, Pluralsight is an online learning platform that provides courses in software development, IT operations, and creative professions. They aim to help people acquire the skills they need to succeed in their careers.

In seventh place, VIPKid provides an online English teaching platform for Chinese students. This platform matches students with English-speaking teachers from all over the world for one-on-one lessons.

They have a valuation of $1 billion. Eighth on the list is Newsela, a website that offers news articles modified for different reading levels.

Their goal is to engage students with reading and improve their literacy skills. Their valuation is estimated to be around $100 million.

Next on the list is Thinkific, an online course creation platform that allows educators to create and sell their courses online. They have a valuation of around $100 million and have helped over 50,000 instructors launch their courses.

In tenth place, Grammarly provides an online writing assistant that helps with grammar, spelling, and punctuation. They have over 20 million users worldwide, and their valuation is estimated to be around $1 billion.

Eleventh on the list is MasterClass, an online learning platform that provides lessons from experts in various fields such as writing, cooking, sports, and music. Their aim is to provide high-quality education to everyone, regardless of their location or background.

Their valuation is around $800 million. Duolingo, an online language-learning platform, holds the twelfth spot with a valuation of $1.5 billion.

Duolingo offers courses in many languages, with a focus on making learning fun and accessible to all. Up next is Kahoot!, a game-based learning platform that provides engaging quizzes, surveys, and discussions.

Their aim is to facilitate learning through gamification, and their valuation is around $1.8 billion. In fourteenth place with a valuation of $100 million, Codecademy is an online learning platform that specializes in coding courses.

Their goal is to help people acquire the skills they need to succeed in the tech industry. Finally, in fifteenth place is Udemy, an online learning platform that offers courses in various subjects such as business, design, and programming.

They have a valuation of around $3 billion and aim to provide affordable education to everyone. In conclusion, edtech has become a market of its own, with various privately owned companies leading the way.

These companies aim to provide accessible and affordable education to all, with a focus on improving learning outcomes for students. From homework tutoring apps to online learning platforms, edtech is changing the way we acquire knowledge and skills.

BYJU’s, an Indian-based edtech company, has quickly become one of the leading names in the industry with a valuation of $10.5 billion. The company produces apps and programs to make learning fun and easy for students.

BYJU’s main app covers math, science, English, and the arts for grades 4-12, offering interactive video lessons, live tutoring, and assessments. One of the unique features of the BYJU’s app is that it uses a personalized approach to teaching, ensuring that students learn at their own pace.

The app also tracks the progress of the student so that parents and teachers can see their development. The company’s success can be attributed to its ability to create an engaging and interactive learning experience for students.

Recent partnerships with big names like Disney have allowed BYJU’s to expand its reach. The latest BYJU’s app is designed for students in grades 1-3, incorporating beloved characters and stories from Disney.

This makes learning even more enjoyable for kids, leading to better retention of information. The app covers math and English, and it’s already a hit with children across India.

Another edtech app that’s making waves in the industry is Zuoyebang, a Chinese learning app that started as a free photo search app in 2015. The app quickly gained popularity among students as a homework-help app.

Today, Zuoyebang has nearly 180 million monthly active users, thanks to its advanced AI technology, which provides personalized solutions to students’ homework questions. K-12 students in China can get help with homework questions by uploading assignments and using AI to check work.

The app offers real-time video tutoring sessions, covering a variety of subjects such as math, English, and science. Zuoyebang’s user-friendly interface makes it easy for students to navigate the app and interact with the content.

Zuoyebang has spun off from Baidu, Inc., which is one of China’s largest search engines and web services companies. Baidu’s investment and support have helped Zuoyebang to grow and innovate over the years, cementing its position as one of China’s leading edtech companies.

Zuoyebang’s success can be attributed to its ability to provide affordable and accessible education to all. In China, where students face intense academic pressure, Zuoyebang provides an online platform where students can get help with homework and learn at their own pace.

Moreover, Zuoyebang has partnered with some of the country’s top schools and universities, giving students access to valuable learning resources. With the global edtech industry expected to reach $252 billion by 2020, BYJU’s and Zuoyebang are just two examples of the many companies that are disrupting the traditional education industry.

Technology is helping to make education more accessible and affordable, and it’s changing the way students learn and interact with teachers, peers, and course materials. The COVID-19 pandemic has accelerated the adoption of edtech platforms globally as more students learn from home and require remote access to learning materials.

Edtech has become a crucial tool for educators, who are innovating to ensure that students can continue with their studies despite disruptions caused by the pandemic. In conclusion, edtech is transforming the education industry, and companies like BYJU’s and Zuoyebang are leading the way.

With personalized learning approaches, advanced AI technology, and engaging content, these companies are creating a new era of education that’s accessible and affordable to everyone around the world. VIPKid is an online English teaching platform that connects Chinese students with English-speaking teachers from the United States and Canada.

The innovative platform offers a fun and engaging online classroom environment, and teachers are paid for each class they teach. At the same time, students pay per hour for services rendered.

VIPKid was launched in 2014 and has grown rapidly to become one of the world’s leading edtech companies. The company has partnered with more than 100 institutions in China, and it has over 800,000 students enrolled in its programs.

The platform and curriculum are designed to ensure a highly interactive and engaging experience for both teachers and students. The virtual classroom provides teachers with the tools they need to make learning enjoyable and effective for young learners, while the pay-as-you-go model makes it easy for students and parents to plan their learning journey.

With the success of VIPKid’s platform for English learners, the company has also released an app called Lingo Bus. The app is designed for elementary students who wish to learn Mandarin.

It offers interactive lessons and provides a fun and engaging way to learn Mandarin for children. The app is also pay-as-you-go and provides high-quality language learning at a fraction of the cost of traditional language immersion programs.

Udemy is another leading edtech company that has revolutionized the industry by providing access to over 150,000 video classes to professionals and students. Udemy is a Massive Open Online Course (MOOC) platform where anyone can learn anything, anytime, and anywhere.

The platform offers both paid and free courses covering a wide range of subjects, including coding, business, marketing, design, and more. Unlike traditional education, students can enroll in individual courses on Udemy at their own pace and without the constraints of a structured curriculum.

They can also create and teach their own courses, adding to Udemy’s vast knowledgebase. Udemy also offers a service for businesses to train employees.

This service provides companies with access to a large library of courses to meet the needs of their workforce. The service is flexible, and businesses can curate their own learning experience or pick from Udemy’s recommended collection.

With the emergence of new technologies and the rapid acceptance of online education, edtech companies, such as VIPKid and Udemy, are disrupting traditional education models. The companies provide high-quality education that is flexible, affordable, and accessible to everyone around the world.

The COVID-19 pandemic has further accelerated the adoption of online educational platforms as students worldwide have had to switch to remote learning. In response to the pandemic, Udemy launched Udemy for Business Teams, which offers a more customizable and flexible learning format for remote workforces.

In conclusion, edtech platforms, such as VIPKid and Udemy, are changing the way students learn and interact with teachers and peers. They provide affordable and accessible education to people around the world, a crucial development in a world where traditional education is often inaccessible or too expensive.

With the efficient and flexible learning methods of these platforms, and as the trend toward online learning accelerates, we are looking at the future of education. Coursera, a leading MOOC (Massive Open Online Course) company, has transformed the landscape of education by partnering with universities to provide online classes, certificates, and even degree programs.

Established in 2012, Coursera has become a global platform with more than 77 million students and over 6,000 campuses, governments, and businesses utilizing its services. Through partnerships with esteemed educational institutions, Coursera offers a wide range of courses covering various disciplines, from humanities to sciences, to business and technology.

Learners can access these courses from anywhere in the world and learn at their own pace. This flexibility has opened up opportunities for individuals who may not have had the means or time to pursue traditional education.

In addition to individual courses, Coursera offers specialized program tracks that provide a series of courses focused on particular skills or industries. These programs allow learners to gain in-depth knowledge in a specific area and earn a certificate upon completion.

Some universities have also collaborated with Coursera to offer online degree programs, providing an alternative pathway to obtaining a recognized qualification. Coursera has also developed enterprise platforms designed for corporations and government organizations to train their employees effectively.

These platforms provide tailored learning experiences and allow organizations to customize courses to meet their specific needs. Such programs enhance the workforce’s skills and keep employees up to date with rapid technological advancements and industry trends.

Another prominent edtech company is Duolingo, an online language-learning service that offers free training in over 30 languages. Founded in 2011, Duolingo has quickly gained popularity and accumulated over 300 million users worldwide.

The platform’s mission is to make language education accessible and enjoyable for all. Duolingo’s innovative approach to language learning combines implicit and explicit learning techniques.

Implicit learning focuses on pattern recognition and natural exposure to the language, while explicit learning addresses technical aspects such as grammar and vocabulary. This combination allows users to develop a well-rounded understanding of the language and improve their proficiency.

Duolingo’s gamified platform engages learners with its interactive exercises, challenges, and progress tracking systems. The app rewards users with virtual currency and ranks them on leaderboards, creating a sense of achievement and motivation.

Additionally, Duolingo conducts research to continuously enhance the learning experience and optimize the effectiveness of its language courses. The free nature of Duolingo allows individuals to access language education without financial barriers.

However, the company also offers a premium subscription, Duolingo Plus, which provides additional features such as ad-free learning and offline access to lessons. The revenue generated from the premium subscription model helps support the availability of free language education.

Both Coursera and Duolingo have experienced significant growth and success in the edtech industry, transforming the way education is delivered and accessed. The utilization of technology and online platforms has democratized education, making it accessible to millions of individuals worldwide.

The impact of the COVID-19 pandemic has further highlighted the importance of online learning platforms like Coursera and Duolingo. During worldwide lockdowns and school closures, these platforms have served as vital resources for students and professionals seeking to continue their education remotely.

In conclusion, Coursera and Duolingo are revolutionizing education by leveraging technology to provide accessible and engaging learning experiences. Their platforms offer diverse opportunities for individuals to expand their knowledge, acquire new skills, and pursue their educational goals.

As the edtech industry continues to evolve, it is anticipated that these companies will continue to play a significant role in shaping the future of education. Unacademy is India’s largest online learning platform, revolutionizing the way students prepare for professional and educational entrance exams.

Founded in 2015, Unacademy has quickly gained popularity and has become a go-to platform for millions of students across the country. The platform offers a wide array of courses and educational content in various subjects, including mathematics, science, social sciences, languages, and more.

Unacademy provides recorded lectures, quizzes, practice exams, and live classes with experienced instructors. These resources allow students to study at their own pace and gain a deep understanding of the subjects they are studying.

One of the key strengths of Unacademy is its focus on exam preparation. The platform offers specialized courses designed to help students succeed in their preparation for competitive exams such as the Joint Entrance Examination (JEE), the National Eligibility cum Entrance Test (NEET), and the Civil Services Examination.

By providing comprehensive study materials and expert guidance, Unacademy aims to support students in achieving their academic and career goals. Unacademy’s live classes with instructors give students the opportunity to ask questions in real-time and receive immediate feedback.

This interactive learning experience enables students to clarify their doubts and deepen their understanding of complex concepts. Additionally, Unacademy’s recordings of these live classes can be accessed later, providing students with the flexibility to revise and review the material at their convenience.

The platform’s user-friendly interface, engaging content, and a strong community of educators and learners contribute to a positive and enriching learning experience. Unacademy’s success can be attributed to its ability to provide high-quality education at an affordable cost, thus bridging the gap between traditional classroom learning and digital education.

On the other side of the globe, Zhangmen is an online tutoring platform tailored for Chinese K-12 students. It is one of China’s leading online education companies, with over 40 million users across the country.

Zhangmen’s mission is to provide high-quality education resources and personalized learning experiences to students of various ages and academic levels. Zhangmen offers a wide range of online courses covering subjects like mathematics, Chinese language, English, science, and more.

Their courses are designed to follow the curriculum set by the Chinese educational system, ensuring that students have access to the necessary resources for their school studies. The platform utilizes a combination of recorded lessons, interactive exercises, and live classes with dedicated instructors to deliver an engaging and effective learning experience.

Zhangmen’s instructors are highly qualified and experienced in their respective subjects, ensuring that students receive top-quality instruction. One of the key features of Zhangmen is its personalized learning approach.

The platform utilizes artificial intelligence (AI) and data analytics to understand each student’s learning style, strengths, and weaknesses. Using this information, Zhangmen tailors the learning content and pace to meet the individual needs of each student.

This personalized approach helps students maximize their learning potential and achieve better academic outcomes. Zhangmen’s success can be attributed to its focus on delivering high-quality education resources and its commitment to collaboration with schools and teachers.

The platform works closely with educational institutions to provide supplementary learning materials and support classroom teaching. By partnering with schools, Zhangmen aims to enhance the learning experience for students and provide additional resources that align with the school curriculum.

Furthermore, Zhangmen has built a strong reputation for its interactive and engaging learning experiences. The platform incorporates gamification elements, allowing students to earn rewards and compete with their peers as they progress through their courses.

This gamified approach motivates students to stay engaged and enthusiastic about their learning journey. In conclusion, Unacademy and Zhangmen are two prominent players in the edtech industry, each making a significant impact in their respective countries.

Unacademy has transformed the way students in India prepare for exams, providing comprehensive study materials and live classes, while Zhangmen has revolutionized online tutoring in China, offering personalized learning experiences and collaborative partnerships with schools. These platforms showcase the power of technology in providing accessible, engaging, and effective education to students around the world.

ApplyBoard is an innovative edtech platform with a mission to connect students, recruiters, and academic institutions, streamlining the process of studying abroad. Founded in 2015, ApplyBoard has rapidly gained prominence and has become a global leader in international student recruitment.

The platform offers a comprehensive solution to the complex procedures involved in applying to study abroad. ApplyBoard has established partnerships with over 1,200 schools in Canada, the United States, the United Kingdom, and Australia, giving students a wide range of options when it comes to choosing their preferred destination.

These partnerships provide students with access to thousands of academic programs, ensuring they can find the best fit for their educational aspirations. ApplyBoard also works closely with over 4,000 global recruiting organizations, helping students navigate the application process and providing valuable support and guidance.

With a vast network of recruiters, ApplyBoard facilitates communication and collaboration between students and recruitment professionals, ensuring that students receive accurate and timely information throughout their journey. The platform’s user-friendly interface allows students to easily browse and compare different programs, universities, and countries.

ApplyBoard’s technology helps simplify the application process, centralizing and organizing all required documents, such as transcripts and letters of recommendation, making it easier for students to manage their applications. ApplyBoard’s success is a testament to its commitment to providing personalized and exceptional service to students.

The platform assigns dedicated advisors to guide students throughout their application process, ensuring they receive tailored support at every step. These advisors help students identify their academic goals, select appropriate programs, and navigate visa procedures, allowing them to make informed decisions and move forward with confidence.

In recognition of its rapid growth and contribution to the edtech industry, ApplyBoard was named the fastest-growing technology company in Canada in 2019. The company’s commitment to innovation, efficiency, and student success has positioned it as a major player in the international education landscape.

Course Hero is another prominent edtech platform that provides a range of resources to support students in their academic journey. The platform serves as a platform for live homework help, study guides, notes, practice problems, and more.

What sets Course Hero apart is its specialization in curating materials for specific university courses. Course Hero’s vast library of study materials covers a wide range of subjects and courses from universities around the world.

Students can access lecture notes, practice exams, textbook solutions, and study guides created by both peers and educators. These resources provide valuable support for students seeking clarification and understanding of course materials.

One unique aspect of Course Hero is its live homework help feature. Students can connect with tutors in real-time to receive assistance with specific questions or concepts.

This interactive support system ensures that students can get immediate help and guidance when they encounter difficulties with their coursework. Course Hero’s collaborative approach is another strength of the platform.

Students can engage with their peers and participate in course-specific Q&A forums. This fosters a sense of community and allows for the collective sharing of knowledge and insights.

Students can learn from each other’s experiences, ask questions, and engage in discussions related to their coursework. With over 10 million students and remote tutors in its ecosystem, Course Hero has built a strong community of learners.

The platform’s success can be attributed to its commitment to providing comprehensive resources and fostering a supportive learning environment. In conclusion, ApplyBoard and Course Hero are two prominent players in the edtech industry, offering unique solutions to support students in their educational journeys.

ApplyBoard’s focus on connecting students, recruiters, and academic institutions, streamlining studying abroad procedures, has made it a leader in international student recruitment. Course Hero’s platform provides students with a vast array of study resources, homework help, and a collaborative community, ensuring that students have the support they need to succeed academically.

These platforms exemplify the transformative impact of technology on education, making learning more accessible, personalized, and efficient. Quizlet is a popular online study platform that has transformed the way students learn and retain information.

Launched in 2005, Quizlet provides a wide range of study materials, including virtual flashcards and interactive games, to over 50 million students in 130 countries. At its core, Quizlet is a flashcard tool that allows students to create their own digital flashcards or access flashcards created by other users.

The platform offers various study modes, including matching games, quizzes, and tests, which enable students to reinforce their learning and test their knowledge. One of the key advantages of Quizlet is its collaborative nature.

Students can create study sets and share them with their classmates or access existing study materials created by other students, educators, or experts in a particular subject. This collaborative element fosters a sense of community and promotes knowledge sharing among students worldwide.

Quizlet’s gamified approach also makes learning engaging and enjoyable. The platform incorporates interactive games like Quizlet Live, where students work together in teams to answer questions based on their study sets.

These games not only enhance retention but also encourage teamwork and friendly competition among students. Furthermore, Quizlet offers multilingual support, allowing students to study in their preferred language.

The platform covers a wide range of subjects, including languages, sciences, humanities, math, and more. This vast library of study materials makes Quizlet a valuable resource for students of all ages and academic levels.

Another noteworthy edtech company is Guild Education. The company focuses on empowering working adults by helping them achieve their educational goals, whether it be earning a high school diploma or obtaining a college degree.

Guild Education partners with companies and institutions to make it seamless for employees to go back to school and invest in their education. Guild Education’s model is built on employer tuition benefits, where partner companies offer education benefits to their employees.

These benefits can include tuition reimbursement, partnerships with universities, and access to educational resources. By partnering with Guild Education, employers give their employees the opportunity to pursue further education and advance in their careers.

The process begins when an employee expresses interest in furthering their education. Guild Education assists employees in navigating the available educational programs and identifies the best fit for their goals.

They help employees understand their eligibility for tuition assistance and guide them through the application and enrollment process. Guild Education works closely with partner universities and institutions to ensure that their educational offerings align with the needs of employees and the demands of the job market.

Partner universities pay Guild Education for their services, allowing the platform to provide personalized support to employees without any direct cost to them. The impact of Guild Education is significant, as it helps bridge the education gap for working adults who may have previously faced obstacles in pursuing higher education.

By providing access to educational opportunities and removing financial barriers, Guild Education empowers individuals to improve their skills, knowledge, and career prospects. Through their partnerships with companies, Guild Education has made it easier for working adults to balance work and education.

The platform offers flexible learning options, including online and on-campus programs, allowing employees to tailor their education to fit their busy schedules. In conclusion, Quizlet and Guild Education are powerful players in the edtech industry, providing innovative solutions to support student learning and empower working adults to pursue further education.

Quizlet’s online study platform engages students with interactive flashcards and games, making learning enjoyable and effective. Guild Education partners with employers and institutions to make education accessible to working adults, assisting them in achieving their educational goals and advancing their careers.

These platforms demonstrate how technology can optimize educational opportunities and transform lives. Knowbox is an innovative edtech platform that is transforming the way teachers and students manage homework assignments.

Founded in 2014, Knowbox has rapidly gained popularity in China and has become a leading platform for educational technology. The platform offers a range of tools and features designed to streamline homework management and enhance the learning experience.

At its core, Knowbox provides schools with a comprehensive solution for assigning, tracking, and grading homework. The platform allows teachers to create and distribute assignments digitally, eliminating the need for paper-based assignments.

Students can access their assignments through the Knowbox app and submit their completed work online. This digital approach not only saves time but also ensures that both teachers and students have a clear and organized view of their assignments.

Knowbox goes beyond traditional homework management by leveraging artificial intelligence (AI) technology to provide personalized learning experiences for students. The platform uses machine learning algorithms to analyze individual student performance and provide tailored recommendations and feedback.

This AI-enabled learning approach allows students to receive targeted support and guidance, helping them better understand and master the material. Knowbox is expanding its services beyond homework management, aiming to become a comprehensive AI-enabled learning platform.

The company is developing features that integrate with classroom teaching, providing teachers with real-time insights into student progress and performance. This seamless integration between in-classroom and online learning enhances the overall effectiveness of the education experience.

With over 40 million users at

Popular Posts