Owl Ventures, a San Francisco, CA-based education technology venture capital firm, closed two new funds totalling $585m.
The firm closed:
- $415m for its fourth fund, and
- $170m for its first Opportunity Fund.
Backers are global Limited Partners consisting of college & university endowments, foundations, strategic education institutions, sovereign wealth funds, and family offices from across the U.S., Asia, Europe, Middle East, and South America.
The new funds will help accelerate the firm’s strategy of making early, growth and later stage investments in the world’s leading education technology companies across the education spectrum including PreK-12, higher education and future of work (career mobility/professional learning).
Led by Tom Costin, Amit Patel, Ian Chiu and Tory Patterson, Managing Directors, Owl Ventures is a venture capital firm focused on the education technology market with over $1.2 billion in assets under management. The firm invests in the world’s leading education technology companies across the education spectrum encompassing PreK-12, higher education and future of work (career mobility/professional learning).
Owl is the lead investor in the vast majority of its deals and typically joins the board of each of its companies. This hands-on approach helps companies across numerous functions including distribution, partnerships, talent, fundraising and outcomes measurement. The firm has also created a community within the portfolio companies through CEO Summits and industry specific events that allow fellow EdTech entrepreneurs to share best practices, insights and explore partnership opportunities.
Since founding in 2014, Owl has been a major investor in many of the fastest growing companies in the global EdTech market including U.S. companies Accelerate Learning (acquired by Carlyle Group), Degreed, DreamBox Learning (acquired by TPG Rise), Hazel Health, MasterClass, Newsela, Noodle Partners, Quizlet, Remind and international companies such as BYJU’s, Labster, Lele Ketang, Sanjieke and WhiteHat Jr. (acquired by BYJU’s).
FinSMEs
01/09/2020