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Sketchy Named to the 2023 GSV 150
Sketchy named in the Higher Education and Workforce Learning categories for the GSV 150 2023 Edition.
San Francisco, CA, (Jan 11, 2023) — Sketchy has been included in the GSV 150, a list of the world’s most transformative private companies in education.
Sketchy was chosen from over 4,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people -- almost half of the global population -- and generate approximately $25 billion in revenue.
“We are excited to release the annual GSV 150, a selection of the leading private companies in digital learning and workforce skilling,” said Alexandra Argo, investor at GSV Ventures. “As we enter into what we call a ‘Brave New World,’ it is clear that you can’t use an old map to navigate a new world. This impressive group of companies continues to grow and evolve to meet the needs of learners and businesses at scale. After evaluating over 4,000 companies globally, we are proud to present the list of the 150 most impactful companies in digital learning that are leading the charge in providing ALL people equal access to the future.”
After a rigorous assessment of over 4,000 venture capital- and private equity-backed companies, that met the following criteria:
- VC or PE-backed companies in digital learning and workforce skills, excluding public and nonprofit companies
- Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
- Companies experiencing solid, organic top-line growth
The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.
The GSV 150 is distributed across Pre-K to Gray, covering early childhood, K-12, higher education, adult consumer learning, and workforce learning. Of these companies, 33% focus specifically on lifelong learning (which includes adult consumer learning and workforce learning), 32% focus on early childhood and K-12 education, and 5% focus solely on higher education. More and more companies are extending their reach across the lifetime learning cycle, with 30% of the 150 expanding across multiple categories from Pre-K to Gray.
North America — primarily the United States — is the most represented region, accounting for 60% of the GSV 150. India is also a significant contributor to the list, with 14% of the companies coming from that market, which has continued to experience rapid growth. Europe and Latin America each account for 11% and 7% of the GSV 150, respectively. The remaining 8% of companies are dispersed throughout MENA, Africa, Asia, Australia, and New Zealand.
See the full GSV 150 list www.asugsvsummit.com/edtech-150
Sketchy is a revolutionary visual learning platform. We turn complex subjects into engaging visual stories that you’ll remember forever. Through a combination of art, science, and technology, our lessons help students effortlessly learn and recall information and score higher on exams. Sketchy is used by students at every medical school in America.
90% of Sketchy medical students report higher test scores.
94% of users say studying with Sketchy saves time.
78% of users say Sketchy improves their recall speed.
400,000 students are now doctors thanks to Sketchy.
Sketchy was founded in 2013 when four medical students began creating sketched stories to help them memorize complicated viruses. Since then, Sketchy has applied the same visual learning techniques to a variety of subjects, and become a premiere learning destination for students around the world.
Sketchy is a TCG (The Chernin Group) portfolio company (alongside notable brands like Headspace, Food52, Barstool Sports, and Crunchyroll) and a Reach Capital portfolio company (joining other start-ups that bring a playfulness to learning).
About ASU+GSV Summit
The ASU+GSV Summit is the premier global event focused on technology innovation in education and skills. We believe that ALL people deserve equal access to the future. Started in 2010 with a collaboration between Arizona State University (ASU) and Global Silicon Valley (GSV), the annual Summit connects leading minds focused on transforming society and business around learning and work. Educators, investors, industry leaders, and entrepreneurs from around the world come together to innovate the future of education for all. Hosted in San Diego, over 5,300 people attended in April 2022. Speakers from previous years include President Barack Obama, President George W. Bush, Former Secretary of State Condoleezza Rice, John Legend, Common, Marian Wright Edelman, Bill Gates, Sandra Day O'Connor, Reed Hastings, President Vicente Fox, Malcolm Gladwell, Gloria Steinem, Tony Blair, and Howard Schultz.