Education technology (ed tech) hit a record high in Q1 2014 as investors poured more than $559 million across 103 deals. Yes over half a billion dollars and over 100 deals in just the last three months. Of note, Ed Tech funding in Q1 2014 represented nearly 45% of total funding to the sector in all of 2013.
The record quarter comes after Ed Tech investments hit $1.25B across 378 deals in in 2013, the second-straight year of over $1B invested across the Ed Tech sector. With everything from MOOCs to tutoring marketplaces to standardized APIs for K-12 schools getting funding, investors are clearly bullish on the education industry.
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