World's Largest Education Firm Launches $50 Mn Startup Investment Fund
11 April 2019 3:45 AM GMT
British multinational publishing and education company Pearson plc has launched Pearson Ventures, a venture fund with an initial capital commitment of $50
- World's Largest Education Firm Launches $50 Mn Startup Investment Fund
- British multinational publishing and education company Pearson plc has launched Pearson Ventures, a venture fund with an initial capital commitment of $50 million over three years, announced Jonathan Chocqueel-Mangan, Chief Strategy Officer at Pearson.
- The fund, which will invest between $1.5 million and $5 million in each startup, will look for early stage ventures offering new technological capabilities such as artificial intelligence, mobile-first delivery, remote proctoring, or augmented/virtual reality; creating social impact through upskilling, income share agreements, or increasing higher-ed access.
- To recall, in July 2017, Pearson sold its Tutor Vista and Edurite lines of business to India-based education technology company, Byju's.
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