-- With over $2 billion in 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 EdTech, announced today that 
it closed over $1 billion in new funds. The Silicon Valley based firm founded 
in 2014 closed $640 million for its fifth fund, $270 million for its second 
Opportunity Fund, and over $100 million in special purpose vehicles.  The new 
funds will further fuel Owl Ventures' strategy of making early, growth, and 
later stage investments in the world's leading EdTech companies.

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Led by Managing Directors Ian Chiu, Tom Costin, Amit Patel, Tory Patterson and 
Partners Malvika Bhagwat, and Kate Chhabra, Owl Ventures has been a major 
investor in many of the fastest growing companies in the global EdTech market.  
These include "unicorn" $1B+ valuation companies such as Apna, BYJU's, Degreed, 
Greenlight, MasterClass, Newsela, Quizlet and Stash.

The continued growth of Owl Ventures and its global portfolio across Africa, 
Asia, Europe, North America, and Latin America is in lockstep with the meteoric 
growth of the $6 trillion+ education and training market, which is undergoing a 
digital revolution. The growth in blended learning, remote work, rise of 
direct-to-consumer models, enterprise learning and skilling, emergence of 
AI-enabled learning, increased 1:1 device programs, and rapid integration of 
AR/VR have all contributed to the global rise of education technology.

Owl Ventures' unique insights into the global EdTech market opportunity are 
highlighted by their investment in and relationship with BYJU's, the most 
valuable EdTech company in the world and the most valuable start-up in India. 

According to Byju Raveendran, Founder & CEO of BYJU's, "Owl Ventures has been 
an invaluable partner to BYJU's as we have scaled over the years. As an EdTech 
specialist, Owl is a differentiated investor that has provided unique value 
across many functions including acquisitions, partnerships, talent, and 
international expansion."

The new funds that Owl Ventures has raised will allow the firm to continue to 
be a scaled and active lead investor in the next wave of innovative global 
EdTech companies. As the largest fund in the EdTech sector, Owl is able to 
finance companies from seed to late stage and be a uniquely valuable partner to 
visionary entrepreneurs. This hands-on approach helps companies across numerous 
functions including distribution, partnerships, talent, fundraising, and 
outcomes measurement.  

"Leveraging the strong global network and portfolio of Owl, we've been able to 
establish multiple key strategic partnerships that have been a tremendous 
enabler for our rapid company growth and our positive global impact on 
education," said Michael Bodekaer Jensen, Co-Founder & CEO of Labster.

Owl Ventures has continued to scale with talented team members. Malvika 
Bhagwat, who leads Owl's Outcomes and Portfolio Services platforms, was 
promoted to Partner in 2021. Malvika works closely with portfolio companies to 
advance their efficacy and outcomes measurement efforts as well as establish 
strategic impact and distribution partnerships with Owl's prestigious 
institutional global base of limited partners. Malvika also leads the 
production of Owl's Education Outcomes Report (), which is a robust annual 
report that details the impact Owl portfolio companies have delivered.
According to Jessie Woolley-Wilson, CEO of DreamBox Learning, "Owl Ventures 
played an instrumental role in guiding DreamBox from its infancy to a scaled 
global leader in adaptive learning technology serving the K12 math and reading 
market.  Owl brought a consistent and intentional focus on student learning 
outcomes to our boardroom, which enabled our company to achieve rapid growth 
while remaining true to our mission to serve all students regardless of zip 
code. The amazing professionals at Owl were invaluable partners to me and my 
team and were integral to our growth and impact success over many years. Owl 
has built a world class organization designed to scale the world's best 
education technology companies. There is no better VC partner we could have 
chosen."

About Owl Ventures
Owl Ventures is the largest venture capital fund in the world focused on the 
EdTech market with over $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, future of 
work (career mobility/professional learning), and "EdTech+" (intersection of 
EdTech and other major industries such as FinTech and healthcare). 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. 
Owl's annual Education Outcomes Report can be viewed at 
www.OwlVC.com/outcomes.php. 

Contact: Tom Costin, tom@owlvc.com 

SOURCE: Owl Ventures