Did you know that the top 5 edtech funding rounds in Europe in 2021 raised 594Million USD?
Europe is a region with the presence of well-developed countries that focus huge government spending and investment in education in general. After the covid-19 pandemic shed a light on the need for digital learning solutions to accommodate both educators and students, there was a quick re-allocation of this educational budget into edtech.
The European EdTech and Smart Classroom Market is expected to reach US$ 6Billion by 2027 from US$ 2Billion in 2019. The market is estimated to grow at a CAGR of 14.6% from 2020 to 2027. Part of this is due to the Digital Education Action Plan enforced by the European Union. This policy initiative is here to support the sustainable and effective adaptation of the education and training systems of EU Member States to the digital age.