Like so many other things we’ve previously taken for granted, COVID-19 has changed the way we learn. In many situations, face-to-face teaching has become something to be avoided and innovation is responding to this trend in a major way. Several industries are keen to meet demand for effective, tailored and accessible education technology (EdTech) and the result has been an active M&A market around the world.
The UK, and particularly London, is taking a leading role in the industry, which is only just starting to hit its stride, boosted by school, university and workplace closures globally. And investors are taking notice - with venture capitalists eager to snap up start-ups or invest heavily in prospects that they believe will grow.
What’s been happening in the UK EdTech sector?Although COVID has certainly given it a boost, the EdTech sector has actually been extremely active in the UK for a number of years. Schools already spend some £900 million of their precious budgets each year on EdTech, while the market globally is set to reach a total value of around £120 billion in 2020.
What’s driving UK EdTech M&A?There are several places from which many of the deals in UK EdTech are coming:
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