A list recognizing the most transformational companies in Education Technology
Mumbai, India, January 18, 2022 – Simplilearn, the world’s #1 online boot camp for digital economy skills training, is included in the GSV EdTech 150, a list of the world’s most transformative growth companies in digital learning curated by female-led, multi-stage venture capital firm GSV Ventures.
Simplilearn was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people — almost half of the global population — and generate approximately $20 billion in revenue.
GSV launched the list of education technology leaders in 2020 with the EdTech 50. Due to rapid growth in the sector, necessitated by a global pandemic and continued remarkable technological evolutions, the list increased to 150 in 2021. In 2022, the sector shows no signs of slowing down, with the 150 companies selected for this year’s list collectively experiencing revenue growth in the high double digits.
Learn more about the GSV EdTech 150 and the selection process here.
This recognition comes in light of the company’s exponential growth and continuous developments over the past year. Simplilearn’s programs span all critical digital domains like Data & AI, Programming, Cloud & Devops, Agile, Digital Transformation, and Digital Marketing and 30+ critical digital economy roles in the enterprise with comprehensive learning paths. These programs are co-created with leading universities like MIT and Caltech and leading industry partners like IBM, Microsoft Azure, and Facebook, ensuring the best learning outcomes.
Simplilearn has helped more than 3 million professionals upskill in digital technology skills across 150 countries. For enterprises, Simplilearn offers a scalable platform for live interactive workshops and bootcamps in digital skills. Simplilearn works globally through partners, including channel partners like Accenture academy and PWC Academy and distributors like Deviare in South Africa, Saudi Business Machines in the Middle East, and the ILX Group in the United Kingdom.
Commenting in this regard, Krishna Kumar, Founder & CEO, Simplilearn, said, “We are very honored to be among the 150 companies listed by GSV Ventures. Despite the uncertainties brought about by the pandemic, the EdTech industry has been propelled to reach transformative heights. We are proud to be recognized at a global level for our contribution and efforts in digital upskilling and educational innovation. We will continue to learn, innovate and grow in the future, to provide our learners with nothing but the best-in-class upskilling programs, ensuring job readiness from day one.”
“Today, we announce the annual GSV EdTech 150,” said Luben Pampoulov, Partner at GSV Ventures. “As the global pandemic continues to drive learners online, more and more companies are innovating in the digital learning space — making it increasingly competitive for companies to make the top 150. We evaluated over 3,000 companies globally this year. The way GSV sees it, Ed is on The Edge, and increasingly more companies have the ideas, know-how, and talent to transform the world and provide all people equal access to the future. We know these companies are well-equipped to help us achieve that goal, and we look forward to watching them do so.”
To arrive at its listing, GSV evaluated more than 3,000 venture capital and private equity-backed private for-profit companies that met the following criteria:
- VC or PE-backed companies in Digital Learning, excluding public and nonprofit companies
- Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
- Companies experiencing strong, organic top-line growth
The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.
The GSV EdTech 150 is distributed across three major sectors: Life-Long Learning, Higher Ed, and K-12. Life-Long Learning (inclusive of Workforce Learning and Adult Consumer Learning) is the leading sector with 42% of the GSV EdTech 150 falling within the category, with an additional 5% of companies serving the Life-Long Learning and Higher Ed blend and another 3% serving both K-12 and Life-Long Learning. Together K-12 and Early Childhood account for 27% of the list, while companies in the Higher Ed sector account for just 5% and 9% of the GSV EdTech 150 serve a blend of the two. Excitingly, more companies are serving all sectors than ever before, with 9% of the GSV EdTech 150 serving all three major sectors.
North America — specifically the United States — is the most represented region accounting for 56% of the GSV EdTech 150. 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJU’s, Eruditus, Unacademy, Upgrad, and Vedantu. Europe, Africa, and the Middle East represent 17% of the listing, with several high-quality, fast-growing companies such as OpenClassrooms, Multiverse, and Photomath. Asia, Australia, and New Zealand account for 11% of the list, while China experienced a significant decline in representation due to increased government regulation. Latin America represents 5% of the list and shows strong growth trends, with companies like Hotmart, Descomplica, and UOL EdTech leading the way.
See the full GSV EdTech 150 at www.asugsvsummit.com/edtech-150.
GSV Ventures
GSV Ventures is a female-led, multi-stage venture capital firm focused on the $7+ trillion education sector. The fund is currently investing out of GSV Ventures Fund III and backs innovative entrepreneurs around the world in the “Pre-K to Gray” Arc of Learning. GSV manages over $675 million in global EdTech investments. Portfolio holdings include Andela, Class Technologies, ClassDojo, Coursera, Course Hero, Degreed, Guild, MasterClass, Outlier, Photomath, Quizizz, Lead School, Brightchamps, and ClassPlus, among others.
