Ed tech focused owl ventures raises over $ 1 billion across three funds
- ByStartupStory | January 16, 2022
MD Amit patil says, The new elevated funds will allow the firm to continue to be scaled and active lead investor in the next wave of innovative global Ed tech companies. Mumbai: Owl Venture, is called a global venture capital fund, has escalated more than $1 billion across three funds to double down on education technology — the key focus area. Talking about the Silicon Valley- based company raised a $ 640 million fifth fund, a $27” million second opportunity fund, and over $100 million in special purpose vehicles, according to a senior company official. Major owl ventures will continue to invest in India such as Apna, Byju’s, leap, quizlet and stash, will continue to invest in India – one of the key Ed tech markets globally.
Founded in 2014, owl ventures is managed by managing directors Ian Chiu, Tom Costin, Amit Patel, Tory Patterson and partners Malvika Bhagat and Kate Chhabra.
The fund has invested much in Ed tech companies across the globe. As the firm says, the global education and training market — which is undergoing a digital revolution.The expansion in combined learning, remote work, rise of direct- to- consumer models, enterprise learning and skilling, appearance of AI- enabled learning, increased 1:1 device programs, and rapid integration of AR/VR have all bestowed to the global acceleration of education technology.The new funds that owl ventures has accelerated will allow the firm to endured to the global rise of education technology.
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