For many U.S. cities and states, 2018 marked the wettest year on record. There was also plenty of rain in the education technology industry, where venture capitalists and private-equity investors unleashed a deluge of cash.
Last year, U.S. education technology companies raised $1.45 billion, matching the previous high for the single-year funding total of this decade, set in 2015. The funding total in 2018 also eclipsed the $1.2 billion raised by U.S. edtech startups in 2017.
