These are the 28 hottest edtech startups in Europe, according to the VCs backing them through COVID-19

Perlego CEO Gauthier Van Malderen

Summary List Placement

The COVID-19 pandemic has prompted a surge of investment in education startups, as millions of students young and old around the world are forced to learn from home under lockdown. 

Even before the virus forced much of the world to shift to remote learning, global investment in the sector hit a staggering $18 billion. Now even more cash is being thrown at “edtech” startups, as demonstrated by SoftBank’s $200 million bet on Scandinavian firm Kahoot. 

Business Insider asked some of the best known venture capitalists from across Europe to each name two outstanding edtech firms – one in their portfolio and one outside – on the continent. 

Check out their responses below: 

CoachHub

Cited by: Mathias Ockenfels, partner at Speedinvest

In the Speedinvest portfolio? Yes

Total raised: $20 million

What it does: “CoachHub offers employees personalized coaching sessions to support them in their professional development, and to help them thrive in their current organization. In addition, CoachHub also offers an app that allows employees to engage in additional learning and development at their own pace.”

Why it’s hot in 2020: “Prior to COVID-19, CoachHub was already a great offering, but now employees are finding CoachHub to be an especially great tool to navigate their development amid the current situation.”

Skiller Whale

Cited by: Mathias Ockenfels, partner at Speedinvest

In the Speedinvest portfolio? No

Total raised: $1 million

What it does: “Skiller Whale provides a live learning platform for tech teams that offers targeted lessons directly to employees, and we’ve been really excited by their work from afar.

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“Their learning plans are personalized for individual team members, based on detailed skill assessments of their learning needs, and the lessons themselves make use of experts in the relevant languages and topics alongside challenging exercises.”

Why it’s hot in 2020: “We think this engaging and meaningful model of digital training is just what teams need, especially in our current world of remote work.”

Blackbullion

Cited by: Lord Stanley Fink, angel investor and ex-CEO of hedge fund Man Group

In Lord Fink’s portfolio? Yes

Total raised: $1.5 million

What it does: Blackbullion is an online financial education platform, working to provide prospective and current university students with the knowledge they need to make better-informed choices with their money.

Why it’s hot in 2020: “Edtech adoption has accelerated at full tilt since COVID-19 and I’ve been blown away with how founder Vivi Friedgut and her team have created products that add essential capacity, support and simply make life less stressful for students, getting them that step closer to financial wellbeing. I’d back her every time.”

Perlego

Cited by: Lord Stanley Fink, angel investor and ex-CEO of hedge fund Man Group

In Lord Fink’s portfolio? No

Total raised: $15 million

What it does: Perlego is a digital online library – dubbed the “Spotify of textbooks” – focused on academic, professional and non-fiction ebooks.

Why it’s hot in 2020: “Outside my portfolio, Perlego is a standout one for me. Again, on a mission to democratize not just expensive academic books but education. They are a really impressive young team with a great track record of securing investment … I’ve also been impressed by their approach to strategic partnerships and their ability …read more

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Source:: Businessinsider – Tech

      

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