NewSchools Venture Fund was created in 1998 by social entrepreneur Kim Smith and venture capitalists John Doerr and Brook Byers, each of whom had witnessed the power visionary entrepreneurs held to create dramatic change in other sectors, such as technology. NewSchools’ founders believed that education entrepreneurs could similarly bring about much-needed change in public education if they had access to both early-stage capital and strategic, hands-on support to start and grow their organizations.

Newschools Fund I ($20 million, 1998 – 2002)

Newschools Fund II ($50 million, 2002 – 2006)

NewSchools Fund III ($75 million, 2006 – 2010)

NewSchools Fund IV (2010 – 2012)

NewSchools’ fourth fund included the NewSchools Innovation Fund and our City Funds. 

The Seed Fund ($12 million, 2012-2015)

NewSchools Seed Fund invested in 40 entrepreneurs developing education technology tools, applications, content, and services to improve education opportunities for all children. The Seed Fund also served as a catalyst, inspiring and enabling traditional and non-traditional tech investors to provide capital to the fast-growing ed tech market.  Following the conclusion of the Seed Fund, NewSchools launched NewSchools Capital, LLC.

Learning to Teach Fund ($7 million, 2012-2015)

The Learning to Teach Fund was launched to transform teacher preparation in the US by connecting teachers to outstanding real world practice and by holding preparation programs and individuals more accountable for their impact on student achievement. We invested in new models, new tools, new organizations, and a new market for talent. Learn about the Learning to Teach Fund’s grantees.

The Boston Fund ($12 million, 2011-2015)

NewSchools’ Boston Charter School Replication Fund was created to enable the successful expansion of high-performing charter schools. Learn more about the impact of the Boston Fund.

co.lab (2013-2015)

We partnered with to incubate co.lab, an accelerator that works with startups leveraging the power of digital games to build transformative educational technologies for PK-12 students and teachers. Following the two year incubation period and the first three cohorts, took over sole management responsibility for co.lab.  For more information please visit, or follow co.lab on Twitter or Facebook.

The Oakland Fund ($5.5 million, 2013-2015)

With our Oakland City Fund, NewSchools set out to double the number of high quality schools in the city by leveraging the power of community engagement and entrepreneurship to ensure all students in the city have access to excellent public schools. Starting in July 2015, the Oakland Fund spun out to operate as an independent locally focused 501(c)(3) called Educate78. Learn more about the work of Educate78.