NewSchools’ Seed Fund Raises $12M To Advance Edtech
Nonprofit aims to support 55 edtech start-ups by end of 2015
Palo Alto, CA – February 19, 2014 – NewSchools Seed Fund, which sources and supports high-impact education technology entrepreneurs focused on K-12, today announces it has reached its fundraising goal of $12 million. The funds will enable Seed Fund to continue investing in ventures that aim to make education more accessible, engaging and connected.
Seed Fund is one of the most active investors in edtech, having seeded a quarter of all new edtech seed investments in 2013. Seed Fund has already invested in more than 22 ventures, leading 17 seed rounds of financing and co-investing alongside other firms, including Kapor Capital, Rethink Education, Relay Ventures and Accel Partners. The fund has a goal of providing capital and support to 55 edtech ventures by the end of 2015.