GSV Ventures Closes Fund II, At $180M

GSV Ventures

GSV Ventures, a Chicago, IL-based woman-owned multi-stage venture capital firm focused on the global education technology sector, closed its second fund, GSV Ventures Fund II, with equity commitments totaling $180m.

GSV Fund II is focused on high impact EdTech businesses and will invest in Seed, Series A and later stage growth opportunities. The fund has already begun funding innovative companies including investments in Class Technologies, Inc., Guild Education, Outlier, Photomath and Valenture Institute. It will be invested by a team of 10 investment professionals based in San Francisco, Chicago, New York and Paris including: Deborah Quazzo, Managing Partner; Michael Cohn, Partner; Julia Stiglitz, Operating Partner; Luben Pampoulov, Partner; and Michael Moe, Senior Advisor and Investment Committee member.

GSV raised its first venture fund in 2016 with limited partner commitments of $97m, investing in a number of EdTech companies including Coursera, Coursehero, ClassDojo, Degreed, Masterclass and Nearpod. The firm’s portfolio companies collectively serve more than 400 million learners. Recent investments back founders in India, Indonesia, South Africa and Jordan.

The firm, which is also anticipating a first close in 2021 for GSV Ventures Fund III, manages over $400 million in global EdTech investments through its GSV Funds I and II and its GSV Special Purpose Vehicles.