With over $1.2 billion property underneath administration, Owl Ventures is the biggest enterprise capital agency on the planet targeted on the schooling know-how sector
SAN FRANCISCO, Sept. 1, 2020 /CNW/ — Owl Ventures, the biggest enterprise capital fund in schooling know-how, introduced as we speak that it closed $585 million throughout two new funds. The Silicon Valley and San Francisco based mostly agency closed $415 million for its fourth fund and $170 million for its first Alternative Fund. The brand new funds will assist gasoline its technique of constructing early, progress and later stage investments on the planet’s main schooling know-how corporations throughout the schooling spectrum together with PreK-12, greater schooling and future of labor (profession mobility/skilled studying).
Since its founding in 2014, the agency has been a serious investor in most of the quickest rising corporations within the international EdTech market together with U.S. corporations Speed up Studying (acquired by Carlyle Group), Degreed, DreamBox Studying (acquired by TPG Rise), Hazel Well being, MasterClass, Newsela, Noodle Companions, Quizlet, Remind and worldwide corporations resembling BYJU’s, Labster, Lele Ketang, Sanjieke and WhiteHat Jr. (acquired by BYJU’s).
“Since we started the agency, we’ve got seen the digital revolution quickly unfold in schooling and workforce growth,” stated Tory Patterson, Managing Director at Owl Ventures. “As a result of shift to distant studying and work, we discover ourselves in a watershed second for the over $6 trillion schooling and coaching market because the rising digital penetration within the sector that had already been happening has surged.”
“We’re discovering that our portfolio corporations based mostly within the U.S., China, Europe and India are mission-critical parts to continued studying,” stated Ian Chiu, Managing Director at Owl Ventures. “Inbound inquiries, consumer progress/engagement, and buyer pipelines have dramatically spiked throughout our portfolio with our platforms being leveraged globally.”
The success of Owl Ventures international funding technique was not too long ago highlighted by two of its portfolio corporations in India when BYJU’s, essentially the most helpful privately held EdTech firm on the planet, acquired 18 month outdated start-up WhiteHat Jr for $300 million. Owl Ventures was the one fund that was an investor in each corporations.
“The meteoric progress of each Whitehat Jr and BYJU’s is illustrative of the quickly rising and maturing EdTech market in India and all through the world,” stated Amit Patel, Managing Director at Owl Ventures. “We search to associate with visionary entrepreneurs who’re tackling massive issues in schooling in addition to coaching and assist them construct transformative class main corporations.”
Owl Ventures is the lead investor within the overwhelming majority of its offers and sometimes joins the board of every of its corporations. This hands-on method helps corporations throughout quite a few features together with distribution, partnerships, expertise, fundraising and outcomes measurement. The agency has additionally helped foster a strong neighborhood inside the portfolio corporations by way of CEO Summits and business particular occasions that permit fellow EdTech entrepreneurs to share finest practices, insights and discover partnership alternatives. As an schooling sector specialist, the fund has efficiently partnered with main diversified enterprise capital and personal fairness funds to assist speed up the expansion of its portfolio corporations.
Owl Ventures is backed by prime international Restricted Companions consisting of prestigious school & college endowments, foundations, strategic schooling establishments, sovereign wealth funds, and household workplaces from throughout the U.S., Asia, Europe, Center East, and South America.
“Our international LP base and community of schooling establishments and leaders is a serious aggressive benefit as we’ve got helpful companions all through the world that may uniquely assist change the trajectory of our portfolio corporations,” stated Tom Costin, Managing Director at Owl Ventures.
About Owl Ventures
Owl Ventures is the biggest enterprise capital fund on the planet targeted on the schooling know-how market with over $1.2 billion in property underneath administration. The Silicon Valley based mostly agency invests on the planet’s main schooling know-how corporations throughout the schooling spectrum encompassing PreK-12, greater schooling and future of labor (profession mobility/skilled studying). Owl Ventures has deep area experience and leverages a world community of Restricted Companions, buyers, and strategic companions to assist entrepreneurs scale their companies into transformative class main corporations. Study extra at www.OwlVC.com
Contact: Tom Costin, [email protected]
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SOURCE Owl Ventures
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