The global Higher Education market is currently valued at more than USD $1.9 trillion. By 2025, the global e-learning market is expected to be valued at more than USD $325 billion.
More and more people each day desperately need upskilling and, according to a recent UNICEF report, 65% of the world’s children will work in roles that currently don’t even exist.
Based out of Dublin, Shaw Academy is at the forefront of the Education Technology (EdTech) sector. Their mission is to provide low-cost, highly accessible education regardless of geography or financial status.
Shaw Academy is an in-house developed, real-time online education platform that focuses on engaging students in a live environment, versus traditional, stale library or on-demand methods.
Shaw Academy has grown rapidly following its formation in 2012. Since 2014, more than four million students have been educated through Shaw Academy.
In 2016 alone, nearly one and a half million students successfully completed a course provided by the company. Currently, 250,000 students utilise Shaw Academy each month.
Financially, Shaw Academy’s annual revenue has increased at a compound annual growth rate of 130% from 2012 to 2016. In 2016 the business generated over €8 million in revenue, up circa 115% from 2015.
With such rapid early growth, Shaw Academy has attracted an excellent team and recently appointed Steven Murphy as their Chairman. Steven was formerly Chief Financial Officer of the Virgin Group from 1994-2000, before being welcomed back in 2005 as Chief Executive Officer of Virgin, where he remained until 2011.
Investment and acquisition within the EdTech sector is currently extremely bullish, with recruitment companies, Telcos, online media/education and social media platforms, all highly interested in the space.
In 2016, investors committed over $2.3 billion across 428 EdTech related deals. Of particular note in 2015 was the sale of Lynda to LinkedIn for USD $1.5 billion.
With a solid financial footing, a first-class team and excellent traction within the EdTech space, Shaw Academy is now seeking to raise funds to increase its course product range, further enhance its platform and acquire more customers globally, before it looks for an exit at a sizeable increase to its current share price.