News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Beautiful!

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Video conferencing company Zoom could be valued at $8 billion in upcoming IPOVideo conferencing company Zoom updated its IPO price range to $28 to $32, giving the company a possible valuation over $8 billion. Da fuck ?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Zoom is poised to be one of the most richly valued tech companies after it goes publicAt the top end of its pricing range, Zoom would be worth over $8 billion and investors are paying a high multiple relative to its peers. ZOOM into my investment portfolio🤣 it shouldn’t be. Zoom does nothing better then competitors ..
Källa: CNBC - 🏆 12. / 72 Läs mer »

Video conferencing company Zoom could be valued at $8 billion in upcoming IPOVideo conferencing company Zoom updated its IPO price range to $28 to $32, giving the company a possible valuation over $8 billion. Da fuck ?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »