The free educational content company Boundless took a look at the last 10 years of venture capital investment in education in a new infographic. According to prominent Silicon Valley angel investor Dave McClure, education is presently one of the hottest fields.
Education only took three percent of total venture capitalist investment in the past decade, and its total investment alone was only $2.8 billion, which is less than half of what biotech enjoyed in 2011. The average round of funding yields about $5.6 million, and a total of 236 companies looking to stake a claim in education have been funded. All evidence suggests that these numbers will go up. 2012 will likely see five times more investment in education than in 2002.
The biggest developments seem to revolve around digital textbooks, online courses, and improved methods for assessing student learning. Brings a few startups to mind doesn’t it? Halfway down the graphic you’ll read about a smattering of companies earning investor attention today. Leading the pack is textbook rental and homework help company Chegg.
Check back tomorrow for a deeper look into Boundless with a conversation with co-founder and CEO Ariel Diaz.
Click to enlarge the infographic.