Startups in Education Set Record in Raising Money

It’s already been a banner year for ed-tech startups.

Ninety-nine startups in education have raised more than $500 million, a record in the past five years, according to TechCrunch, citing statistics from its database of technology companies, people, and investors.

That compares with 20 companies raising more than $64 million during the same period five years ago. However, it’s not the greatest number of companies to be funded in a given quarter. Over the past five years, that happened in the second quarter of 2013, when 120 companies raised a total of $319 million.

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