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MENLO PARK, Calif., Jan. 12, 2022 /PRNewswire=KYODO JBN/ --

-- 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