Owl Ventures raises $315m for EdTech

Written by Peter Walker
24/01/19

Owl Ventures has closed $315 million for its third fund, which will make early and growth stage investments in education technology companies across early childhood, higher education and professional learning.

Owl Ventures has over $600 million in assets under management and has invested in 24 companies since its founding in 2014.

With its dedicated focus on EdTech, the team leverages a global network of limited partners, investors and strategic partners to help entrepreneurs scale their businesses.

The company is led by managing directors Tory Patterson, Ian Chiu, Tom Costin and Amit Patel.

It has been a major investor in EdTech companies including Accelerate Learning, Degreed, DreamBox Learning, Newsela, Noodle Partners, and Quizlet. As an education sector specialist, the fund has also partnered with venture capital and private equity funds to help accelerate the growth of its portfolio companies.

"We believe there is a digital revolution rapidly unfolding in education and workforce development,” said Patterson. “This evolution is creating a historic opportunity to invest in companies that are disrupting and improving the $6 trillion global education market.”

Costin added: “The entire education and training sector is shifting rapidly as access to the internet and connected devices has flourished – millions of students and teachers around the world can now leverage innovative learning platforms.”