EdTech funding experienced sharp declines in 2023 following an outlier in 2021 which saw pandemic inspired investments into the sector. Prior to 2021, sentiment was mixed; $100 Million+ rounds increased YoY between 2019 and 2021, while sub-$100M rounds declined marginally. In 2022, a cooling-off period was evident where all but sub $50M rounds posted sharp declines. As smaller funding rounds decline, there seems to be no appetite for large rounds as the sector goes through a correction period.