Harvard University — and the elite college experience — is being disrupted across many of its core functions and revenue streams.
In 2019, Harvard’s annual revenue hit $5.5B. However, the Covid-19 pandemic has hurt the financial outlook for the Ivy League giant — the school reported a $10M budget deficit in the 2020 fiscal year, despite a nearly $42B endowment.
As the pandemic has forced traditional in-person colleges to reinvent themselves for remote learning, it has also provided a huge opportunity to edtech companies — funding to edtech startups so far in 2020 has already reached record highs at more than $8.9B.
Download the report from CB Insights here.
