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European Edtech Investor Brighteye Ventures Raises $54 Million for Second Fund
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The global education technology industry is headed for a record-setting year when it comes to venture capital investments. In the U.S., companies like Coursera are raising hundreds of millions at billion-dollar valuations. That’s dwarfed by their peers in India, where Byju’s has already raised over $1 billion—at a $10 billion valuation. A less frothy but steadily growing edtech market is emerging in Europe, where investment check sizes often have fewer zeros. Yet financiers there, like their counterparts across the world, are eyeing this industry with greater interest as the pandemic has accelerated demand for educational services.Case in point: Brighteye Ventures,...