Owl Ventures announced today that it closed over $1 billion in new funds. The Silicon Valley-based EdTech investor closed $640 million for its fifth fund, $270 million for its second Opportunity Fund, and over $100 million in special purpose vehicles.
Owl Ventures remains the largest venture capital fund in the world focused on the EdTech market with over $2 billion in assets under management.
The new funds will further fuel Owl Ventures’ strategy of making early, growth, and later stage investments in EdTech companies across the world.
Founded in 2014 and led by Managing Directors Ian Chiu, Tom Costin, Amit Patel, Tory Patterson and Partners Malvika Bhagwat, and Kate Chhabra, Owl Ventures invests in the world's 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).
It 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.
Owl Ventures said as the largest fund in the EdTech sector, Owl is able to finance companies from seed to late stage. Its approach helps companies across numerous functions including distribution, partnerships, talent, fundraising, and outcomes measurement.