In the first six months of 2020, venture capital firms (VCs) have shown a clear preference for ed-tech startups with $795 million raised compared to $108 million in the year ago period.
While the number of deals hasn’t increased drastically, it is the only sector apart from healthcare to report a growth in number of deals according to data from Venture Intelligence research. Other sectors largely raised funding before the full impact of the pandemic started began to play out April while ecommerce reported a 70% dip in deal sizes and half the number of deals compared to the same period last year.
