Venture capital firm Educapital has revealed it is seeking $160 million in funding to help boost educational technology (edtech) startups and companies with a focus on the future of work.
The company recently secured $105 million in funding and is already thinking of its next step.
“We created the firm four years ago. We were the first European edtech fund,” said Marie-Christine Levet, cofounder of Educapital. “In four years, we invested in 20 companies, mostly in Europe. We have a wide investment spectrum from early childhood to vocational training,”
Edtech uses software, hardware, and other technologies to help optimize the learning experience and ensure that students are prepared to participate in a modern workforce.
Educapital’s first fund brought 360Learning, LiveMentor, and several others to its portfolio.
With its second funding, the firm hopes to invest into an additional 20 companies. So far, three companies have raised money for Educapital’s second funding, including Chance, Fourth Rev, and Invivox.
“We think there has been a complete change. It’s harder than ever to draw a line between work, school and professional training,” said Levet.
