Pearson to invest $50 million in edtech startups
Pearson, a London based publishing and education company has set aside a budget of $50 million in series A and series B funding rounds for education startups. By investing $50 million, Pearson is finding new business models and new ways to collaborate with education institutions. In today’s world, where technology is the future of education, Pearson will back five startups per year over next three years, which would assist Pearson to keep up with emerging technologies. Pearson’s director of portfolio management, Owen Henkel, informed media that, Pearson will not lead funding rounds, purchase large stakes in startups or take part in decision making of any startups, rather it will only co invest along with experienced institutional investors. Pearson would not only provide capital to startups but it will also connect with world class technologies and innovative business models.