Follett Launches $50M VC Initiative

Follett Corporation, a River Grove, Illinois-based provider of learning materials and management systems, launched a $50m venture capital initiative.

Follett Knowledge Fund will be co-managed by Menlo Park, Calif.-based Atrium Capital, which will identify, analyze and manage investment opportunities in early-stage technologies that can improve and innovate the way educational content is delivered and consumed.

Founded in 1873 and today led by Mary Lee Schneider, President and CEO, Follett Corporation provides physical and digital learning materials, retail services, school content and management systems to more than 70,000 early childhood, primary and secondary schools, and on more than 1,000 college campuses.



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