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Owl Ventures Closes Over $1 Billion in New Funds

Owl Ventures, the largest venture capital fund in EdTech, announced 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. 

Owl Ventures Team (PR Newswire)

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. 

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.

Source: PR Newswire