Owl Ventures Completes Two New Funding Rounds

By CIO Applications| Thursday, September 03, 2020

The company intends to use the new funds to accelerate 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

FREMONT, CA: Owl Ventures, a San Francisco, CA-based education technology venture capital firm, raised two new funds totaling $585m.

The firm raised:

$415m for its fourth fund, and

$170m for its first Opportunity Fund.

Investors are global Limited Partners consisting of college & university endowments, foundations, sovereign wealth funds, strategic education institutions, and family offices from across the US, Asia, the Middle East, Europe, and South America.

The company intends to use the new funds to accelerate 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.

Led by Tom Costin, Amit Patel, Ian Chiu, and Tory Patterson, Managing Directors, Owl Ventures is a venture capital firm focused on the education technology market with more than $1.2 billion in assets under management. The firm invests in the world’s leading education technology companies across the education spectrum encompassing PreK-12, higher education, and future of work.

Owl is usually the lead investor in the vast majority of its deals and joins the board of each of its companies. This hands-on approach helps companies across several functions, including fundraising distribution, talent, partnerships, and outcomes measurement. The firm has also built a 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.

Since founding in 2014, Owl has been a major investor in many fastest-growing companies in the global Edtech market, including US companies Accelerate Learning (acquired by Carlyle Group), Noodle Partners, Degreed, DreamBox Learning (acquired by TPG Rise), Sanjieke, Hazel Health, MasterClass, Newsela, Quizlet, Remind and international companies such as BYJU’s, Labster, LeleKetang, and WhiteHat Jr. (acquired by BYJU’s).