The digital revolution has started and has vastly impacted every sector in the market. From services to agriculture, technology has taken over the old and primitive methods. In the midst of this, one of the biggest changes has been observed in the education sector.
Ed-tech today holds a value of more than $250 billion and is expanding day by day. In fact, education joining hands with technology has given a complete new multi-billion dollar market and a plethora of new opportunities.
While some entrepreneurs are still realizing this transition, some were able to grab on the fastest growing market in the world and now they are disrupting the education industry with their contributions.
3 ed-tech companies with one goal in mind
Sparx Maths is such a venture which targets the students from 11 years and onwards. As a venture, it provides thousands of tutorial videos and has a question bank of more than 35000 questions collected from various sources.
The point is to get rid of the conventional ways to teach mathematics, methods which have created anxiety and fear of Maths among so many students. With the use of AI, students get recommended as per their choice of how they want to learn.
According to Mark Dixon, the founder of Sparx Maths, students have performed better in their homework and classroom activities. Homework completion rate has seen a massive surge and teachers have been able to save a lot of their time, thanks to Sparx Maths. The ed-tech company has recently received series-B funding of more than $25million after the initial $38 million.
Bigtime need of financial knowledge and skills
Students today are in a bigtime need of financial knowledge and skills. Blackbullion, an ed-tech company capitalized on this very fact. Vivi Friedgut, being a finance person herself, saw the need to educate people about their finances. So far, she has worked with King’s College, London, Manchester University and many others to help students with their financial education.
With this, more than 700,000 students have been a part of Blackbullion and in the next two years, it is expected to touch a million. So far Blackbullion has secured a funding of more than $1.2 million.
Aula Education has had the privilege of working in the US as well as in the UK. Aula Education aims to change teaching at university with digital technology. The first partner was Ravensbourne University in London back in 2017.
Till now, Aula has tied up with prestigious universities like Coventry University, University of Glasgow and Portland State University.
Now the students have been more than twice as much interactive after the introduction of Aula Education. Seeing the vast potential in their system, Aula secured funding of more than $7.4 million by various VCs and angel investors.