Kaplan, Inc., an international provider of educational and career services for individuals, schools and businesses, has established Kaplan VC, LLC, a venture capital arm aimed at identifying and developing innovative learning strategies, technologies and products having the potential to transform the industry.
The new unit will be led by Jason Palmer, who assumes the position of Senior Vice President, Kaplan Ventures.
Kaplan VC, will initially focus on U.S. and European investments in innovative learning technologies and online business models in the areas of K12, higher education, test preparation, and professional compliance.
In addition, the new firm will invest in international education opportunities especially in Latin America, the Middle East and India.
Kaplan VC intends to make minority investments in about 6 companies over the next 12 months.
Kaplan is a subsidiary of The Washington Post Company (NYSE:WPO).