Emerge Education, a London, UK-based early stage edtech investor, launched a new fund.
Backers included global investors Dan Sommer and Rob Cohen, UK education leaders Cambridge University Press, Cambridge Assessment, the higher and further education technology body Jisc, Nesta, as well as Brazilian higher education group Grupo Tiradentes.
The new vehicle will tackle today’s problems in education – (scale, flexibility and alignment to industry). It is initially making £250k investments in 20-25 pre-seed and seed companies in Europe, with the ability to increase its exposure to £1m per company in later rounds.
The fund builds on five solid years of investing in education founders through an investment syndicate led by Jan Lynn-Matern and Nic Newman. Its previous 55 investments have attracted over £100m in funding from VCs such as Local Globe, Stride, Project A, Rethink Education, Learn Capital and Reach Capital. The fund’s existing portfolio includes Unibuddy, Aula, Fourth Rev and Sales Impact Academy.
FinSMEs
12/03/2020