European EdTech raised over €65m in Q3 2016

In the third quarter of 2016, investments in European education technology surpassed €65 million coming from over 39 investors across 22 deals. The majority of deals (17) was closed in September.

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The average investment size in Q3 in Europe was between €500k to €800k with the exceptions of Matific ($45m), OpenClassrooms (€6m), Klaxoon (€5m), Lightneer (€2.8m) and SpeachMe (€2.2m) securing the highest investments this quarter.

Geographically, France took the lead with a total of 7 deals, followed by Germany with 4 and Finland with 3 edtech investments while only two UK based edtech startups raised investment in the third quarter, according to our research.

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