Pearson is committing $50M to fund next-gen edtech startups

TechCrunch | 4/10/2019 | Staff
xxlauzyxx (Posted by) Level 3
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Pearson, the British education conglomerate, has set aside $50 million to participate in Series A and Series B financings for education startups, including boot camps, next-gen assessment and credentialing platforms, learning tools and augmented reality technology.

“Because education will look very different in 2030, Pearson, like learners all over the world, will need to continue to learn, adapt and reinvent itself: finding new business models, incorporating emerging technologies into its products and services, and finding new ways to collaborate with education institutions, government, and businesses,” the company wrote in a statement announcing Pearson Ventures.

Technologies - Future - Education - Pearson - Ventures

To keep up with the emerging technologies changing the future of education, Pearson Ventures will back up to five companies per year over the next three years. Pearson’s director of portfolio management Owen Henkel tells TechCrunch the team will not lead rounds, purchase large stakes in startups or dictate terms. Pearson Ventures will instead only co-invest alongside experienced institutional investors.

Henkel adds that Pearson Ventures will not...
(Excerpt) Read more at: TechCrunch
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