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# 🏆 Announcing this year's most promising EdTech startups in Southeast Asia, the Middle East & North Africa
- URL: https://newsletters.qs.com/announcing-holoniqs-2024-southeast-asia-edtech-50-mena-edtech-50-2/
- Published: 2024-12-11T09:18:17.000Z
- Updated: 2024-12-11T09:18:17.000Z
- Description: The 2024 Southeast Asia EdTech 50 & MENA EdTech 50 spotlights the regions' most promising EdTech startups. HolonIQ's Annual Education Outlook identifies 20 strategic shifts and 50+ trends across early childhood, K-12, post secondary education, and workforce training.
- Author: QS
- Tags: AI & Digital Innovation

**Hello** 👋

HolonIQ’s 2024 regional EdTech lists highlight the most promising startups across [Southeast Asia](https://www.holoniq.com/notes/2024-southeast-asia-edtech-50?ref=newsletters.qs.com) and the [Middle East & North Africa](https://www.holoniq.com/notes/2024-middle-east-north-africa-edtech-50?ref=newsletters.qs.com) (MENA), showcasing regions at different stages of EdTech evolution. In Southeast Asia, [the 2024 list](https://www.holoniq.com/notes/2024-southeast-asia-edtech-50?ref=newsletters.qs.com) reveals a maturing ecosystem with established players like [Ruangguru](https://ruangguru.com/?ref=newsletters.qs.com) (Indonesia) and [ClassPoint](https://www.classpoint.io/?ref=newsletters.qs.com) (Singapore), subdued funding for early-stage startups, and Vietnam surpasses Indonesia in representation. Tutoring, STEAM, and management systems represent two-thirds of the list, with workforce-focused solutions such as [FutureLab](https://futurelab.my/?ref=newsletters.qs.com) and [ArcLab](https://www.arclab.io/?ref=newsletters.qs.com) in micro-learning and mentoring emerging as promising solutions in the ecosystem.

## **🌏** 2024 Southeast Asia EdTech 50  

[![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXemB8880WEtg4rzATP_B49Cq3WBJlqm1S6NJtg4ANWLceNg1uayIyG8GlD75GlOfn44KQjMrT5OMKo-8GStO6t_C-rTb1vSjGM7I8knW19MnnVFbTCu2aRRc-ONI70-buY_BT8rWg?key=CvB_df2auyVc09CLbNtITIyX)](https://www.holoniq.com/notes/2024-southeast-asia-edtech-50?ref=newsletters.qs.com)

## 🌍 2024 Middle East & North Africa EdTech 50

  
[MENA’s EdTech market](https://www.holoniq.com/notes/2024-middle-east-north-africa-edtech-50?ref=newsletters.qs.com) reflects a push for digital transformation across the industry, emphasizing workforce upskilling and education management systems (making up \~50% of the cohort). Notable players include [ITWORX](http://itworx/?ref=newsletters.qs.com), expanding across Arabic-speaking markets, and [PraxiLabs](https://praxilabs.com/?ref=newsletters.qs.com), delivering virtual science labs. The 2024 MENA list balances direct-to-consumer models with growing B2B demand, supported by platforms like [iSchool](https://ischooltech.com/?ref=newsletters.qs.com), a K-12 coding provider. Both regions exhibit a shift toward scalable, mature solutions, underscoring their commitment to driving educational innovation and economic growth through impactful EdTech platforms.

[![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcD85B_68cbRE9kTsTm_FYcSSggxOPOYzh2NGkq32hU8ubmBOy_wV-JrsydQ-_EL2E7gWmo5taA-_17SNIIxFkArrERwcvmuWfpfCda3NIhhNPJ7k4TM0RE7hYTswEonig7ywEi?key=CvB_df2auyVc09CLbNtITIyX)](https://www.holoniq.com/notes/2024-middle-east-north-africa-edtech-50?ref=newsletters.qs.com)

Read further analysis on the South East Asia Edtech 50 and [MENA EdTech 50](https://www.holoniq.com/notes/2024-middle-east-north-africa-edtech-50?ref=newsletters.qs.com) and delve deeper into the trends shaping the future of education and workforce upskilling in these regions. Customers can analyze the [complete lists on the platform here](https://my.holoniq.com/lists?skey=org%5Flist&ref=newsletters.qs.com).

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## 🚀 HolonIQ’s Annual Education Outlook 2025

Check HolonIQ's recently launched [2025 Global Education Outlook](https://www.holoniq.com/notes/2025-global-education-outlook?ref=newsletters.qs.com), an annual analysis of the global education economy, presenting over 180 pages of detailed market data, investment & analysis, strategic shifts, and trends in education. [Learn more or Purchase the Report.](https://www.holoniq.com/notes/2025-global-education-outlook?ref=newsletters.qs.com)

[![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJqUg_ROTg0UwdiawcKl7G2_o1M7qJKv13QTj0DZA87ANNyEuMRSByrU3Q5mGpi65NKkUh3y4ihAjgWIDfO6nT4M9q7DODtfoy9I6DNXKEszdoTfcC3mDngX8F7oJbYrIGMazMiQ?key=jnEc10QHvUGHVgDARjlzW1h0)](https://www.holoniq.com/notes/2025-global-education-outlook?ref=newsletters.qs.com)

[ Purchase the Report](https://www.holoniq.com/notes/2025-global-education-outlook?ref=newsletters.qs.com)

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## 💪 Power Moves  

**🌍 Flywire and Blackbaud** [**partnered**](https://www.flywire.com/news/flywire-and-blackbaud-partner-to-streamline-tuition-payment-experience-for-international-k-12-students-in-the-u-s?ref=newsletters.qs.com) **to streamline tuition payments for international students in US K-12 schools.** Flywire has become a preferred payment option within Blackbaud's platform, simplifying currency conversion and offering secure online transactions.   
  
📚 **Element451** has raised [$175M ](https://www.businesswire.com/news/home/20241206254675/en/Element451-Announces-175-Million-Strategic-Investment-from-PSG-to-Accelerate-AI-Adoption-in-Higher-Ed-Admissions-and-Student-Success?ref=newsletters.qs.com)from investment firm PSG to meet the demand for its HigherEd focused, AI-powered student engagement solution. 

🎖️ **2U is transitioning away from traditional boot camps in favor of shorter, more flexible micro-credentials,** [shifting](https://2u.com/newsroom/new-chapter-tech-training-2u/?ref=newsletters.qs.com) to better align with current industry needs and provide learners with in-demand technical skills. 

🗣️ **IDP Education has** [**launched**](https://thepienews.com/idp-launches-ielts-delivery-in-china/?ref=newsletters.qs.com) **its IELTS test delivery in China,** aiming to capture a significant portion of the language testing market.

## 💰 Funding  

**💸 General Atlantic**, a private equity firm, has acquired LTG, a corporate training tool provider, for [$1B](https://www.reuters.com/markets/deals/uks-learning-technologies-agrees-1-bln-buyout-by-general-atlantic-2024-12-04/?ref=newsletters.qs.com) as LTG struggles to navigate the rise of AI and reduced demand for custom content. 

📚 **Element451** has raised [$175M ](https://www.businesswire.com/news/home/20241206254675/en/Element451-Announces-175-Million-Strategic-Investment-from-PSG-to-Accelerate-AI-Adoption-in-Higher-Ed-Admissions-and-Student-Success?ref=newsletters.qs.com)from investment firm PSG to meet the demand for its HigherEd focused, AI-powered student engagement solution.  
  
**🩺 Perdoceo Education**, a higher education provider, has acquired the University of St. Augustine for Health Sciences for [$138M](https://finance.yahoo.com/news/perdoceo-acquires-university-st-augustine-134700856.html?ref=newsletters.qs.com), aiming to expand its healthcare academic offerings. 

**👨🏻‍💼 CoachHub**, a US-based digital coaching platform, received [$40M](https://www.finsmes.com/2024/12/coachhub-receives-40m-growth-financing-facility.html?ref=newsletters.qs.com) to integrate technology with a human-centered approach.

**💻 Coding Giants**, a Polish digital education platform, has raised [$9M](https://techfundingnews.com/ai-tutor-for-coding-this-polish-startup-bags-e8-5m-to-fuel-us-expansion/?ref=newsletters.qs.com) to expand into the US market and offer coding skills courses for children and teens.

**👩🏻‍🏫 Aanaab**, a teacher development solution from the MENA region, has raised [$7M](https://scoopempire.com/aanaabs-7m-investment-to-enhance-teacher-training-and-learning/?ref=newsletters.qs.com) to its previous fundraising round in June, to expand operations.

**🤖 Teachy**, a Brazil-based AI-powered instructional support platform, raised [$7M](https://www.edtechinnovationhub.com/news/teachy-raises-7m-series-a-to-advance-ai-education-for-teachers-in-latin-america-and-asia?ref=newsletters.qs.com) to scale its services to improve educational outcomes in underdeveloped regions. 

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**Thank you for reading. Have a great week ahead!**  
Have some feedback or suggestions? Let us know at hello@holoniq.com