10 Boston Ed-Tech Startups to Watch in 2015
BostInno by Lauren Landry
Entrepreneurs are tackling everything from international tuition payments to grading.
The education technology industry has seen a 212 percent increase in venture capital over the last five years, and Massachusetts is a primary reason as to why. The state is the third most active deal-wise, only trailing behind California and New York, which Boston Mayor Marty Walsh said in early 2014 he plans to change.
Roughly 300 ed-tech and learning-oriented startups are based in the Boston area alone, according to the LearnLaunch Institute, an area nonprofit founded in late 2012 to help foster the city’s ed-tech activity.
And several of those startups have had a great year — but are expected to have an even bigger 2015.
International tuition payments company peerTransfer, a 2014 50 on Fire winner, has raised $21.2 million since launching in mid-2009. The startup is “still early stage,” according to its CEO Mike Massaro, however, suggesting continued growth for 2015. In August, peerTransfer announced it surpassed 500 clients and processed more than $1 billion in international education payments.