Over the past year of political tumult and transition, EdSurge reports that education VCs and angels invested $1.03 billion across 138 deals in 2016, representing the second straight year that VC investing in edtech topped the billion-dollar mark, but also a 29% decline from the heights of 2015.
During that time, New Markets continued to solidify its reputation as a leader in the space, raising $30 million for our second education fund and increasing our ownership in 18 innovative edtech companies that collectively serve more than 22 million students across the U.S.
The year was also notable for continued growth in impact investing, which grew to $77 billion according to GIIN (Global Impact Investing Network). GIIN noted that 98% of the large banks, insurance companies, foundations and pension funds surveyed reported in-line or better than expected returns from their impact investments.