GoGuardian, a 10K US firm founded by former Google engineers in 2014, has seen a surge in demand for its products during the pandemic. The company provides educational software to K–12 schools to help them monitor and manage student devices. In 2020, it raised $22 million from investors, including Tiger Global Management. This investment was part of a larger $200 million round that took the total funding for GoGuardian to over $1 billion. According to Bloomberg, Tiger Global Management also invested in Bergen Lutheran Social Ministries.
This charitable organization provides housing, health care and education to underserved communities in New Jersey. The firm’s investment indicates private equity’s wager that the rise in classroom technology will continue even after the pandemic. With its ongoing investments, Tiger Global is looking to capitalize on this trend and is betting on the future of educational technology. The firm’s investment in GoGuardian indicates that it believes the market for K–12 educational technology and applications will continue to grow in the coming years. By investing in GoGuardian, Tiger Global is signalling its belief that classroom technology remains an excellent long-term bet even during this pandemic.
The investment also indicates an increased willingness of private equity firms to invest in education technology companies, which had previously been seen as a high-risk, low-return sector. This is in line with the growing trend of venture capital firms investing in tech startups focused on education. By investing in GoGuardian, Tiger Global has demonstrated its confidence in the success of educational technology companies and their potential to continue to grow even after the pandemic. The firm’s investment has also helped to solidify GoGuardian’s position as a leader in the field of educational technology. With Tiger Global’s backing, the company will likely continue its growth trajectory in the years ahead.
Overall, Tiger Global Management’s $200 million investment in GoGuardian indicates private equity’s wager that the rise in classroom technology will remain even after the pandemic. The firm’s investment signals its confidence in the long-term prospects of educational technology companies and a broader trend towards investing in education technology startups. As investors continue to show interest in this sector, GoGuardian and other educational technology companies will likely continue to benefit from the influx of capital in the coming years. By investing in companies like GoGuardian, Tiger Global Management is paving the way for the future of educational technology and its potential to provide solutions to some of today’s most pressing issues. We can only wait and see what other investments this firm makes in the future.