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An $8 billion education company is launching a $50 million startup investment fund as an alternative to going all-in on tech acquisitions

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Digital education company Pearson launches venture fund for early-stage startups, and is planning a passive portfolio management strategy.

On Wednesday legacy education company Pearson announced Pearson Ventures, a venture fund with an initial capital commitment of $50M over three years. The fund will focus on early stage companies.

In an interview with Business Insider, investments director Owen Henkel explained the fund is taking a passive approach to portfolio management: Pearson Ventures won't lead any rounds in any companies, and will instead rely on co-investing with strategic partners. Pearson won't take board seats at its portfolio companies, nor is it interested in acquiring any of them down the line.

He says the next version of the coding bootcamp concept will focus on different skills for different industries as more employees are displaced and require additional training amid large-scale economic change. This, he says, is an area that Pearson Ventures could watch, and help its corporate parent understand what it's all about.

 

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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