Data & Intelligence

Education Data Insights (Mid-Year 2020)

EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel).

A spike in VC deals drove 1H 2020 education investment to its highest level since 2017

In the first half of 2020, private capital fund managers committed USD3.4b to EM education companies—inclusive of schools, edtech startups focused on both learning and educational administration, and education finance—more than the USD2.9b invested in the whole of 2019. Venture capital (VC) activity drove the increase, representing 92% of deal volume and 93% of capital invested in the sector in 1H 2020. New approaches to education prompted by COVID-19 placed online learning companies in the spotlight, even as it has diminished investor interest in formal schools. Zuoyebang, a China-based provider of online studying tools, secured USD750m in a Series E round led by Tiger Global and FountainVest in June 2020, while Byju’s, an India-focused digital tutoring platform, secured a combined USD523m across two funding rounds from Bond Capital, Tiger Global, and General Atlantic.


EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company