The U.S. edtech industry is massive. By our estimate, startups and companies raised upward of $2.2 billion in 2020 alone. Yet, curiously, the amount districts, states and the federal government spend on these products each year is something of an unknown variable.
According to a new analysis published this week by the Edtech Evidence Exchange, a nonprofit organization based out of the University of Virginia, the total figure is also in the billions—perhaps between $26 and $41 billion a year. But that range is merely an estimate—and a conservative one at that.
