Top 10 in Tech: London’s most successful EdTech startups
Each week, Prolific London is going to be taking a look at the top rapidly growing startups in the city.
Utilising Tech Nation’s powerful Data Commons tool, we’ve been sorting through the leaders across tech specialisms in the capital.
To get started, we’ve turned our attention to EdTech - those innovations using technology to change the way people learn, train and grow. In recent years, EdTech has helped universities streamline submissions, people learn from a distance, and levelled the educational playing field.
Let’s take a look at London’s top 10 EdTech startups, ranked by valuation on Tech Nation’s rankings.
1. A Cloud Guru
With offices in London, Washington DC, Melbourne and Austin, A Cloud Guru offers on-demand cloud computing training. They have 850,000 customers across 181 countries - and most recently had a successful series B funding round, raising $33 million in April this year. Investors included Summit Partners, AirTree Ventures, and Elephant.
Value: At least £104 million ($132 million)
FutureLearn enables online learning through conversation - offering free Massive Open Online Courses (MOOCs) from leading educational establishments.
Founded with the support of 12 university partners, it is currently owned wholly by the Open University and is in the process of making new connections with more institutions. Just this week it struck a global partnership with Dublin City University.
Value: £100 million
Macat provides critical thinking skills for all. The Fulham-based company helps people and businesses measure, analyse and boost critical thinking - providing analyses of the world’s most influential books and papers, as well as an assessment platform for users.
It raised $30 million towards the end of 2015, at the same time as launching the “biggest-ever” critical thinking study.
Value: At least £94 million ($120 million)
4. Kano Computing
Kano has made coding instinctive - a computing kit suitable for all ages. It’s been named in many different lists of science and tech toys for children, providing a simple and entertaining way to learn about the creation and modification of systems.
In 2018, Kano partnered with The British Council to bring creative coding to thousands in Bangladesh, by putting hundreds of Kano kits into libraries across the country.
Value: At least £88 million ($112 million)
5. Touch Surgery
With holographic surgical headsets, Touch Surgery is augmenting training in surgery. It lets people train, prep and test themselves on procedures wherever they are. The free content covers 14 specialties and has won numerous awards.
Value: At least £60 million
STEM education platform Pi-Top produces hardware, accessories and software that helps people learn to code and complete ambitious projects. In January, they released their latest product, Pi-top 4, a “go-anywhere” piece of kit allowing for applications across a wide range of implementations.
Value: At least £50 million ($64 million)
The language-learning system Memrise uses technology to teach users new tongues easily and quickly - it’s now used by more than 40 million people in 189 countries. It keeps learning fun, drawing on science and tech to make teaching more effective. This time last year, Memrise received $15.5 million in a series B funding round, with investment from Balderton Capital, Avalon Ventures, Korelya Capital, and Octopus Ventures.
Value: At least £49 million ($62 million)
Alumni services for former university and college students is Graduway’s specialism. The Stanmore-based company helps people utilise their network, comprising former students of the same institutions. It integrates with CRM platforms, job boards and other software solutions to support universities and their graduating students.
Value: At least £40 million ($51 million)
9. Mrs Wordsmith
Mrs Wordsmith quite simply illustrates the dictionary for children - using data science to depict the words that matter for academic success. It raised $11 million in a series A fundraising round in October 2018, and is used widely by schools and parents.
Value: At least £34 million ($44 million)
Mobile platform Quipper brings the best education to locations around the world. It’s democratising learning, helping educate people regardless of location, financial status, or other limitations. In 2015, Quipper was acquired for $39 million by Recruit Holdings, Japan’s largest staffing company.
Value: £30.7 million ($39 million)