-- With over $1.2 billion assets under management, Owl Ventures is the largest 
venture capital firm in the world focused on the education technology sector 

Owl Ventures, the largest venture capital fund in education technology, 
announced today that it closed $585 million across two new funds. The Silicon 
Valley and San Francisco based firm closed $415 million for its fourth fund and 
$170 million for its first Opportunity Fund. The new funds will help fuel its 
strategy of making early, growth and later stage investments in the world's 
leading education technology companies across the education spectrum including 
PreK-12, higher education and future of work (career mobility/professional 
learning). 

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Since its founding in 2014, the firm has been a major investor in many of the 
fastest growing companies in the global EdTech market including U.S. companies 
Accelerate Learning (acquired by Carlyle Group), Degreed, DreamBox Learning 
(acquired by TPG Rise), Hazel Health, MasterClass, Newsela, Noodle Partners, 
Quizlet, Remind and international companies such as BYJU's, Labster, Lele 
Ketang, Sanjieke and WhiteHat Jr. (acquired by BYJU's).

"Since we began the firm, we have seen the digital revolution rapidly unfold in 
education and workforce development," said Tory Patterson, Managing Director at 
Owl Ventures. "Due to the shift to remote learning and work, we find ourselves 
in a watershed moment for the over $6 trillion education and training market as 
the rising digital penetration in the sector that had already been taking place 
has surged."

"We are finding that our portfolio companies based in the U.S., China, Europe 
and India are mission-critical elements to continued learning," said Ian Chiu, 
Managing Director at Owl Ventures. "Inbound inquiries, user growth/engagement, 
and customer pipelines have dramatically spiked across our portfolio with our 
platforms being leveraged globally."

The success of Owl Ventures global investment strategy was recently highlighted 
by two of its portfolio companies in India when BYJU's, the most valuable 
privately held EdTech company in the world, acquired 18 month old start-up 
WhiteHat Jr for $300 million.  Owl Ventures was the only fund that was an 
investor in both companies.

"The meteoric growth of both Whitehat Jr and BYJU's is illustrative of the 
rapidly growing and maturing EdTech market in India and throughout the world," 
said Amit Patel, Managing Director at Owl Ventures. "We seek to partner with 
visionary entrepreneurs who are tackling large problems in education as well as 
training and help them build transformative category leading companies."

Owl Ventures is the lead investor in the vast majority of its deals and 
typically joins the board of each of its companies.  This hands-on approach 
helps companies across numerous functions including distribution, partnerships, 
talent, fundraising and outcomes measurement.  The firm has also helped foster 
a robust community within the portfolio companies through CEO Summits and 
industry specific events that allow fellow EdTech entrepreneurs to share best 
practices, insights and explore partnership opportunities.  As an education 
sector specialist, the fund has successfully partnered with leading diversified 
venture capital and private equity funds to help accelerate the growth of its 
portfolio companies. 

Owl Ventures is backed by top global Limited Partners consisting of prestigious 
college & university endowments, foundations, strategic education institutions, 
sovereign wealth funds, and family offices from across the U.S., Asia, Europe, 
Middle East, and South America.

"Our global LP base and network of education institutions and leaders is a 
major competitive advantage as we have valuable partners throughout the world 
that can uniquely help change the trajectory of our portfolio companies," said 
Tom Costin, Managing Director at Owl Ventures. 

About Owl Ventures

Owl Ventures is the largest venture capital fund in the world focused on the 
education technology market with over $1.2 billion in assets under management.  
The Silicon Valley based firm invests in the world's leading education 
technology companies across the education spectrum encompassing PreK-12, higher 
education and future of work (career mobility/professional learning). Owl 
Ventures has deep domain expertise and leverages a global network of Limited 
Partners, investors, and strategic partners to help entrepreneurs scale their 
businesses into transformative category leading companies. Learn more at 
www.OwlVC.com

Contact: Tom Costin, tom@owlvc.com
 
SOURCE:  Owl Ventures