Top 10 Most Funded Korean EdTech Startups in 2022

The education market has shifted from offline to online in line with the trend of digital transformation accelerated by COVID-19. Startups with digital competitiveness are therefore successful in attracting investment.

According to data from Startup Recipe, edtech startups have raised KRW 197.8 billion in investment by October 15 this year. Unlike large-scale investments made in Riiid (KRW 200 billion) and Mathpresso (KRW 56 billion) last year, which benefited from COVID-19, less money is expected to be invested in the frozen investment market this year. Even so, leading edtech companies have been bringing in more than KRW 10 billion. They are mainly in the sector of on-the-job education, coding, childcare, language learning, and communication platforms.