Owl Ventures’ new pair of funds gives edtech a $585 million boost – TechCrunch

Edtech just keeps on Today, Owl Ventures, a San Francisco-based education technology fund whose portfolio includes Byju’s, Labster, Masterclass and Quizlet, announced that it has closed a pair of investment vehicles totaling $585 million. Owl Ventures IV is a $415 million investment vehicl…

Curated via Twitter from TechCrunch’s twitter account….

The firm also formed its first ever opportunity fund at $170 million to work as a growth-stage bank for existing portfolio companies. With over $1. 2 billion in assets under management, Owl Ventures claims that it is the largest venture capital fund in the world focused solely on edtech.

Today, Owl Ventures, a San Francisco-based education technology fund whose portfolio includes Byju’s, Labster, Masterclass and Quizlet, announced that it has closed a pair of investment vehicles totaling $585 million.

The opportunity fund will exist to back existing investments throughout their lifetime. “Edtech as a sector is really exploding and emerging,” said Ian Chiu, the managing partner at Owl Ventures. “It’s not that COVID is the reason for that.

Link to original article….

Leave a Reply

Leave a comment
%d bloggers like this:
scroll to top