Edtech Startups: 12 European VCs have their eyes glued

This year, edtech Multiverse made headlines after raising a $220 million Series D funding round and became the latest of Europe’s edtech startups to achieve unicorn status. But it’s not the only edtech to shake things up – $2.4 billion was invested in edtech startups in Europe in 2021 – more than double the previous year’s figure – according to Dealroom.

This was partly driven by Covid, with lockdowns across Europe accelerating demand for rugged products online learning tools. But now that classrooms have reopened, which of Europe’s edtechs will use the pandemic as a launch pad for continued growth, rather than a one-time revenue boost?

We talked to VCs about the edtechs they’re most passionate about, but we had one rule: they couldn’t be holding companies.

European edtech startups to watch

VC: Diego Recondo, Robert Nowak and Patricia Draghici, All Iron Ventures

All Iron Ventures is a Bilbao, Spain-based fund that invests in seed and Series A startups across Europe. Earlier this year, he announced a €30 million fund invest directly in other European VCs — an entity separate from its direct investment vehicle. Its portfolio includes edtechs such as Ludus, a VR training platform, Preply, a language learning marketplace that connects students and tutors, and Lingokids, an educational gaming platform.

Robert Nowak, Chief Investment Officer at All Iron

Studying together bringsstudents together to study in a “digital library”. It creates a virtual study space where students connect through live chats and video calls, increasing productivity through mutual accountability to help students combat isolation and low motivation. Future product extensions could include tutoring or study note sharing.

Raised: N/A — initiated
Based: N / A
Last round: N/A — initiated
The head office : Nijmegen, Netherlands

Tomorrow’s Education has launched Tomorrow’s University, an online platform that offers cohort learning at bachelor and master level in areas such as responsible entrepreneurship, AI and sustainable technologies and green technologies. While many universities and programs aim to digitize traditional courses, the University of Tomorrow aims to provide an engaging, product-driven learning experience focused on relevance and employability in a modern world.

Raised: $5 million
Based: 2020
Last round: 2022
The head office : Berlin, Germany

Mimo acts as a “Duolingo for Coding”, offering fun mobile-focused software development courses. Coding isn’t a one-size-fits-all approach, or a complex and steep learning curve to developing your skills. Mimo offers a super laid-back approach to learning to code.

Raised: $770,000
Based: 2016
Last round: 2017
The head office : Vienna, Austria

  • The network of villages (Wioski)

The network of villages (Wioski) aims to act as a platform for parents and teachers to set up physical micro-schools for between one and 25 children aged one to five. Wioski helps them become micro-school owners by providing the tools, content, and guidance that helps them navigate the complexities of launching an education business in this space.

Raised: $4.4 million
Based: 2019
Last round: 2022
The head office : Warsaw, Poland

Vilma offers live classes and workshops for seniors. With a focus on saving money – seniors’ sense of community and willingness to learn new things again – Vilma targets those who want to learn online in small groups and offers a diverse catalog of courses.

Raised: N/A (bootstrapped)
Based: 2021
Last round: N / A
The head office : Barcelona, ​​Spain

VC: Stanislas Pesic and Alexandre Glaser, Educapital

Educapital is a European impact fund dedicated to investing in edtech and the future of work startups. The team invests in companies from late seed to Series B and announced the first close of a new fund at €100m earlier this year – it expects a final close of €150m. The team’s portfolio includes O’clock, a web development education platform, 360Learninga collaborative learning solution, and Wecandoo, which organizes DIY workshops.

An image of Stanislas Pesic of Educapital, a European VC investing in the future of work and edtech startups.  He is wearing a blue shirt and smiling
Stanislas Pesic, Educapital

Knowunity is a social learning app for students. The app leverages user-generated content and a peer-to-peer learning ecosystem to allow users to access flashcards and flashcards, and share and comment on content posted on the app. A question-and-answer system, with playful learning plans and learning analytics, is also integrated into the app to improve learner engagement. The Berlin-based company recently secured €10 million in funding to expand into other European regions.

Raised: $13.2 million
Based: 2020
Last round: 2022
The head office : Berlin, Germany

Female Invest is a financial education platform for women. Its mission is to close the gender gap by helping everyone learn about personal finance and start investing. Through its platform, members can access learning content, masterclasses or webinars on personal finance and join an online community of like-minded women from over 60 countries. Based in Denmark, he raised $4.5 million after Y Combinator in 2021.

Raised: $6.3 million
Based: 2019
Last round: 2021
The head office : Copenhagen, Denmark

VCs: Hege Tollerud, David Guérin and Hannes Aichmayr, Brighteye Ventures

Brighteye Ventures is an education technology fund, which invests in seed and Series A startups across Europe and focuses on “the best solutions at the intersection of learning, entertainment and creativity”. It announced the first close of its second fund at $54 million in 2020. The team’s portfolio includes edtech companies such as Oneday, an audio learning app, Create Academy, a learning platform for home, gardening and food, and Yeschef, an online cooking platform. and tandem, a peer-to-peer language exchange platform.

David Guérin of Brighteye, a venture capital fund specializing in edtech startups
David Guerin, Brighteye

We have seen an increase in cohort learning programs in recent years, and Coleap is at the forefront of this development. The Berlin startup empowers top creators to create engaging learning communities where they can connect with others to learn and grow together.

Raised: N/A (bootstrapped)
Based: 2021
Last round: N / A
The head office : Berlin, Germany

Getting grammar and spelling correct can be tricky, even in your native language. And this is especially important for business communication. MerciApp, a French company, has developed a unique spelling and grammar checking technology for the French language that can be used for anything you need in writing. The app also provides learning elements to make lasting improvements.

Raised: $935,000
Based: 2020
Last round: 2021
The head office : Paris, France

Scrimba is an online coding school offering affordable courses for motivated learners who want to become software developers in six months. By combining asynchronous content, an interactive coding tool, and live events, the Oslo-based company is democratizing access to high-quality coding training.

Raised: $440,000
Based: 2017
Last round: 2020
The head office : Oslo, Norway

Vilma is a young Spanish edtech startup targeting the growing silver age market. By Offering an extensive library of courses for people over 50, Vilma enables them to learn a variety of new skills as part of a larger online learning community, and at the same time connects them with like-minded peers.

Raised: N/A (bootstrapped)
Based: 2021
Last round: N / A
The head office : Barcelona, ​​Spain

VCs: Jenny Wang, Amit Patel and Tom Costin, Owl Ventures

Owl Ventures is a specialized fund that invests in edtechs around the world. Its portfolio includes startups such as Labster, a virtual lab company, and StudySmarter, a lifelong learning platform.

An image of Jenny Wang of Owl Ventures, which has its eye on a number of European edtech startups
Jenny Wang, Owl Ventures

Magma Math combines the power of handwriting with the benefits of digitization by capturing students’ handwriting as they solve a math problem on a digital device. With Magma, we’re excited that students can “show off their work” and teachers can see students’ thinking process in real time and provide immediate feedback, refocusing time on grading to facilitate deeper learning. Teachers also appreciate the opportunity to showcase the work of different students to demonstrate that there are many ways to approach a math problem and use it as a teaching moment.

Raised: N / A
Based: 2015
Last round: N / A
The head office : Stockholm, Sweden

Codary is building an edtech platform to teach future generations the skills they need to succeed in the 21st century by taking kids on their first coding adventure through a fun, easy, cohort-based digital learning experience. We love Codary’s gamified approach, which allows young learners to explore coding as a fun afternoon activity and keeps them highly engaged throughout their coding journey, and potentially ignites a spark for a future. career.

Raised: N / A
Based: 2020
Last round: 2020
The head office : Berlin, Germany

Sophie Zhang is an editorial assistant at Sifted.

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