Description
Detailed analytical M&A report on the EdTech sector in Ukraine
Over the past 5 years, EdTech has received more venture capital investments in Ukraine than any other sector
- In 2023, EdTech was the most active segment, receiving 41% of total venture capital investments in Ukraine ($85 million). The attraction of $70 million from Preply stands out, indicating a recovery from the previous year’s downturn.
- 2021 was a record year for Ukrainian EdTech: 8 deals totaling $240 million, with Grammarly raising $200 million and Preply raising $35 million. After a drop in 2022, the market began to recover in 2023, with $84 million worth of deals, including the acquisition of Skilsetter.
- Despite the positive dynamics, EdTech faces challenges such as low levels of education funding, limited foreign investment, and an outdated education system. Legislative reforms are essential for sustainable growth.
- Ukrainian EdTech is expanding its funding base through partnerships with international organizations and private investors. Initiatives such as the Genesis and EdEra digital courses and the Projector training for displaced women are evidence of the sector’s growing influence.
- Growing investment in defense technology is driving cooperation between military technology and EdTech. This integration is driving the development of advanced training tools, such as VR simulations for drone pilots and robotic systems for medical training.
