Edtech startups flirt with unicorn-style growth – TechCrunch
“The way Quizlet has gotten to this point is by building and growing a very responsible business,” he said. For anyone who has been following my edtech coverage in recent few months, this momentum is hardly surprising. Earlier in the pandemic, MasterClass raised $100 million, Quizlet became a unicorn and Byju’s became India’s second-most-valuable startup. Today we’ll look to understand how a boost in late-stage funding may impact the market on a broader scale. High-flying camelsIan Chiu, an investor at Owl Ventures, tells TechCrunch that the rise of big rounds brings a “watershed moment” to the $6 trillion education market.