Whether it's an investment manager’s personal donation to his or her alma mater, or Mark Zuckerberg donating $100 million to an entire school district, education has always been an area that wealthy individuals look to when the time comes to make charitable donations. But education technology (edtech) hasn’t been an enticing sector when it comes to equity investment, until recently.
Edtech has grown into much more than a platform for K-12 and undergraduate education, and that could be a reason for the shift in investor interest. The growth potential of sites offering courses for subjects such as language, coding, photography and animation, among others, captures not only those looking to learn skills for jobs and careers, but those looking for new hobbies and leisure activities. Utilizing these platforms has also become much easier with the growth of mobile devices and the computing power of smartphones.