NEW: Get our latest EdTech Funding Report Europe 2016.
In the second quarter of 2015, edtech investments in Europe increased sevenfold, from €9 million in Q2 2014 to over €62 million total investment in Q2 2015.
The number of deals was slightly down from 19 to 15. The average amount invested surged to €4.4 million in Q2 2015, in Q2 2014 it was €600.000. Over 32 individuals and VC firms participated in funding rounds in Q2 2015.
The strongest month in the second quarter was June with eight investments, followed by April with four, and May with three rounds.
Like in Q1, European edtech startups are predominantly raising investments to grow. While in Q2 2014 the majority of investment rounds were at Angel & Seed stage or crowdfunded (11 out of 19), Q2 2015 saw only 6 Angel & Seed rounds among the total of 15 rounds.
In Q2 2015 five funding rounds took place at Series A stage, two at Series B and one each at Series C and Venture stage compared with three Series A and three Venture rounds in Q2 2014.
European EdTech Hubs
In Q2 2015 London lead the field with five investments totalling over €27 million, followed by Berlin and Munich with two investments each.
In Q2 2015 the leading verticals were Higher Education with five investments, followed by K-12 and Language Learning with three investments each.
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