Power Law outcomes
Edtech unicorns
Dealroom tracks 86 unicorns in Edtech — companies that reached a verified $1B+ valuation — worth $191.4B combined, plus 10 thoroughbreds generating $100M+ in annual revenue. Updated July 2026.
86Unicorns ($1B+ valuation)
3Valued at $10B or more
10Thoroughbreds ($100M+ revenue)
$191.4BCombined unicorn valuation
Every Edtech unicorn
All 86 companies in Edtech that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Yuanfudao | Xicheng District | China | 2012 | $16B | Private |
| 2 | Grammarly | San Francisco | United States | 2009 | $13B | Private |
| 3 | Zuoyebang | Dongcheng District | China | 2014 | $10B | Private |
| 4 | PluralSight | Draper | United States | 2004 | $9.9B | IPO 2018 |
| 5 | Replit | San Francisco | United States | 2016 | $9B | Private |
| 6 | Physical Intelligence | San Francisco | United States | 2024 | $5.6B | Private |
| 7 | KnowBe4 | Clearwater | United States | 2010 | $5.2B | IPO 2021 |
| 8 | BetterUP | San Francisco | United States | 2013 | $4.7B | Private |
| 9 | Guild Education | Denver | United States | 2015 | $4.4B | Private |
| 10 | Duolingo | Pittsburgh | United States | 2011 | $4B | IPO 2021 |
| 11 | Instructure | Cottonwood Heights | United States | 2008 | $3.9B | IPO 2015 |
| 12 | Stride | Herndon | United States | 1999 | $3.8B | IPO 2007 |
| 13 | Articulate | New York City | United States | 2002 | $3.8B | Private |
| 14 | Course Hero | Redwood City | United States | 2006 | $3.6B | Private |
| 15 | Handshake | San Francisco | United States | 2013 | $3.5B | Private |
| 16 | GoStudent | Vienna | Austria | 2016 | $3.5B | Private |
| 17 | ApplyBoard | Kitchener | Canada | 2015 | $3.2B | Private |
| 18 | Eruditus Executive Education | Mumbai | India | 2010 | $3.2B | Private |
| 19 | Outschool | San Francisco | United States | 2015 | $3B | Private |
| 20 | Age of Learning | Glendale | United States | 2007 | $3B | Private |
| 21 | Vipkid | San Francisco | United States | 2013 | $3B | Private |
| 22 | PhysicsWallah | Dadri | India | 2016 | $2.8B | Private |
| 23 | New Oriental Education & Technology | Haidian | China | 1993 | $2.8B | IPO 2006 |
| 24 | MasterClass | San Francisco | United States | 2015 | $2.5B | Private |
| 25 | Fenbi Education | Chaoyang District | China | 2015 | $2.3B | Private |
| 26 | UpGrad | Mumbai | India | 2015 | $2.3B | Private |
| 27 | Eightfold | Santa Clara | United States | 2016 | $2.1B | Private |
| 28 | Quora | Mountain View | United States | 2009 | $2B | Private |
| 29 | Go1 | Brisbane | Australia | 2015 | $2B | Private |
| 30 | Kajabi | Irvine | United States | 2010 | $2B | Private |
| 31 | Kahoot! | Oslo | Norway | 2012 | $2B | IPO 2019 |
| 32 | Raptor Technologies | Houston | United States | 2002 | $1.8B | Private |
| 33 | Stack Overflow | New York City | United States | 2008 | $1.8B | Private |
| 34 | Multiverse | London | United Kingdom | 2016 | $1.7B | Private |
| 35 | Afya | Nova Lima | Brazil | 2016 | $1.7B | IPO 2019 |
| 36 | ITutorGroup | Huangpu | China | 1998 | $1.6B | Private |
| 37 | DaDa | Changning District | China | 2013 | $1.5B | Private |
| 38 | Andela | New York City | United States | 2014 | $1.5B | Private |
| 39 | Huohua | Dongcheng District | China | 2016 | $1.5B | Private |
| 40 | Lynda | Carpinteria | United States | 1995 | $1.5B | Private |
| 41 | Paper | Montreal | Canada | 2014 | $1.5B | Private |
| 42 | Changingedu | Huangpu | China | 2014 | $1.5B | Private |
| 43 | Degreed | Pleasanton | United States | 2012 | $1.4B | Private |
| 44 | Zhangyue Technology | Chaoyang District | China | 2008 | $1.3B | IPO 2017 |
| 45 | A Cloud Guru | Austin | United States | 2015 | $1.3B | Private |
| 46 | ClassDojo | San Francisco | United States | 2011 | $1.3B | Private |
| 47 | Peoplecert | Athens | Greece | 2000 | $1.2B | Private |
| 48 | Chess.com | Orem | United States | 2006 | $1.2B | Private |
| 49 | Preply | Brookline | United States | 2012 | $1.2B | Private |
| 50 | Arco Educação | São Paulo | Brazil | 2004 | $1.2B | IPO 2018 |
| 51 | Learning Technologies Group | London | United Kingdom | 2013 | $1.1B | IPO 2011 |
| 52 | Sana Labs | Sana AI | Stockholms kommun | Sweden | 2016 | $1.1B | Private |
| 53 | Vedantu | Bengaluru | India | 2011 | $1.1B | Private |
| 54 | BrainCo | Somerville | United States | 2015 | $1.1B | Private |
| 55 | LEAD School | Mumbai | India | 2012 | $1.1B | Private |
| 56 | Lianshang Literature | Huangpu | China | 2017 | $1B | Private |
| 57 | Udacity | Mountain View | United States | 2011 | $1B | Private |
| 58 | Newsela | New York City | United States | 2013 | $1B | Private |
| 59 | Huikedu Group | Haidian | China | 2010 | $1B | Private |
| 60 | Hotmart | Amsterdam | Netherlands | 2011 | $1B | Private |
| 61 | Xiaoe-tech | Shenzhen | China | 2015 | $1B | Private |
| 62 | Squirrel Ai Learning | Xuhui District | China | 2014 | $1B | Private |
| 63 | Knowbox | Chaoyang District | China | 2014 | $1B | Private |
| 64 | Quizlet | San Francisco | United States | 2005 | $1B | Private |
| 65 | Speak | San Francisco | United States | 2016 | $1B | Private |
| 66 | GoGuardian | El Segundo | United States | 2014 | $1B | Private |
| 67 | Simply | Tel Aviv-Yafo | Israel | 2017 | $1B | Private |
| 68 | Luoji Siwei | Dongcheng District | China | 2012 | $1B | Private |
| 69 | Golden Education | Hongkou District | China | 2006 | $1B | Private |
| 70 | Yunxuetang | Suzhou Shi | China | 2011 | $600M | IPO 2024 |
| 71 | Skillsoft | Nashua | United States | 1990 | $545M | Private |
| 72 | Unacademy | Bengaluru | India | 2015 | $450M | Private |
| 73 | Docebo | Toronto | Canada | 2005 | $406M | Private |
| 74 | Udemy | San Francisco | United States | 2010 | $362M | IPO 2021 |
| 75 | Coursera | Mountain View | United States | 2012 | $290M | IPO 2021 |
| 76 | Kaltura | New York City | United States | 2006 | $207M | IPO 2021 |
| 77 | Chegg | Santa Clara | United States | 2007 | $124M | IPO 2013 |
| 78 | Byju's | Bengaluru | India | 2011 | $100M | Private |
| 79 | Nerdy | St. Louis | United States | 2007 | $86M | Private |
| 80 | Thinkific | Vancouver | Canada | 2012 | $20M | IPO 2021 |
| 81 | 2U | Crystal City | United States | 2008 | $1M | IPO 2014 |
| 82 | ILearningEngines | Bethesda | United States | 2013 | $0M | Private |
| 83 | Hujiang | Huangpu | China | 2001 | — | Private |
| 84 | Zhangmen | Hongkou District | China | 2010 | $-18M | IPO 2021 |
| 85 | 17zuoye | Huangpu | China | 2007 | $-39M | IPO 2020 |
| 86 | Zhihu | Dongcheng District | China | 2011 | $-330M | IPO 2021 |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 10 Edtech companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Rosetta Stone | Arlington | United States | 1992 | $792M | IPO 2009 |
| 2 | Everfi | Washington DC | United States | 2008 | $750M | Private |
| 3 | TalentSoft | Boulogne-Billancourt | France | 2007 | $300M | Private |
| 4 | D2L | Kitchener | Canada | 1999 | $271M | IPO 2021 |
| 5 | Digital Daesung | Seoul | South Korea | 2000 | $231M | IPO 2010 |
| 6 | Whop | New York City | United States | 2021 | $100M | Private |
| 7 | World of Books | Worthing | United Kingdom | 2005 | $17M | Private |
| 8 | Babbel | Berlin | Germany | 2007 | — | Private |
| 9 | My Career Options | United Kingdom | United Kingdom | 1999 | — | Private |
| 10 | Promethean | Seattle | United States | 1996 | — | IPO 2010 |
Frequently asked questions
How many Edtech unicorns are there?
Dealroom tracks 86 Edtech companies that reached a $1B+ valuation as of July 2026, worth $191.4B combined. 3 of them are valued at $10B or more.
What are the biggest Edtech unicorns?
The three most valuable are Yuanfudao, Grammarly, Zuoyebang.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.