The LearnTech industry, which thrives on technological advancement in the area of education and learning, was already on the rise before the COVID-19 pandemic hit us.
And now that a majority of the schools, colleges, and universities remain shut, there is a significant growth in the adoption of online learning programs like assignment writing help which gives complete online solutions with professional experts. Quite naturally, the LearnTech startups are using this opportunity to their advantage.
Before the outbreak of the COVID-19 pandemic, the EdTech market (a major part of the LearnTech landscape) was already worth 76.4 billion US dollars in 2019.
Reports suggest that it is set to grow at a compound annual growth rate (CAGR) of 18.1% from 2020 to 2027. As the LearnTech industry continues to expand, here are 6 LearnTech startups that are gaining massive momentum in 2021.
This Poland-based startup offers a free-to-use network for students and parents, allowing them to help each other with homework and studies.
In the past couple of years, this company has grown significantly. In 2019, it had around 150 million users. Currently, the user count of the app stands at 350 million, making it the most popular education app in the world.
Thanks to the growing popularity of the app, it was able to raise $80 million in series D funding. Such a significant amount of funding suggests that the app will soon be used to scale abroad, as well as to improve the tools already developed by the company.
The company may also explore its tutoring potential, and may incorporate AI technology and video in the near future.
Lingopie is an emerging name in the field of edutainment in 2021. It adds a language-learning element to content that is already binge-worthy.
Since a majority of the ESL students learn English from watching American and British TV shows and movies, Lingopie harnesses the power of TV and movie narratives to help the user learn other languages.
Users can watch thousands of movies, shows and other forms of streaming content, while the interactive subtitles accompany each program. The tool allows the users to click on any word to view a translation. The users can further test their own knowledge with the help of custom digital flashcards.
This Indian company was founded in 2015 when the EdTech industry had just started to gain people’s attention. This platform offers online courses and education programs in categories relevant to your preferred industry. All the courses are designed and delivered by expert faculties.
Currently, it has collaborated with more than 100 universities and colleges to offer more credible courses to learners from all age groups. While its popularity was already growing in the Indian market, its status reached another level since March 2020. In fact, the revenue of the startup has reportedly doubled since last year.
LearnTech is not limited to providing learning opportunities to students only. Platforms like CoachHub are also offering a lot for people in professional fields as well. CoachHub is a German startup company that offers customized coaching for employees at any career level. In fact, companies like SoundCloud and HelloFresh are already using this platform.
The startup uses AI to match individuals with coaches. It currently has more than 1,000 certified coaches worldwide. This startup has also secured $30 million funding recently.
It is now planning to increase the number of coaches on board. Moreover, the company has its own Coaching Lab where they conduct behavioral research and development in the coaching area.
MasterClass is a great platform that offers online lessons by experts from different fields. Based in San Francisco, US, this online learning platform offers pre-recorded lessons in your preferred field of interest. It runs on a subscription model, which costs an annual fee of $180. In exchange for the subscription fee, users can access the content library available through the platform.
As the name suggests, the users receive their lessons from people who are masters in their respective fields. For instance, if you want acting lessons, you get it from an actor like Natalie Portman.
In case you are seeking guidance on playing tennis you can learn it from a tennis personality like Serena Williams. In the coming days, you can expect more celebrities to collaborate with the platform. The company is even considering exploring the world of AR and VR.
This German company offers a free learning app for students from grades 1 to 10. Outside Germany, the platform can be useful for students in elementary school until the age of 18. For students from grades 1 to 5, there are lessons available for math and German.
Older kids can find lessons for their entire curriculum, from music to science. In fact, it is being used by 10 million learners and teachers in more than 50,000 schools.
This platform has a freemium model, which means it is free for most of its use, but there are also different add-on services which are available to ANTON plus members for a fee.
Some of its Plus features include offline use for both teachers and learners, creating learning groups by teachers, etc. This app is backed by the European Fund for Regional Development (EFRE).
It is evident that the LearnTech industry will continue to expand in the coming days and will witness the emergence of lots of other tech startups in this market area.
While the ones mentioned above create a lot of buzz in the LearnTech space, it is safe to say that online learning is the future.
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- 6 LearnTech Startups That Will Gain Momentum in 2021 - April 1, 2021