Future Planet Capital Selects Owl Ventures As Education Partner
Future Planet Capital, the world’s first global platform to invest in leading universities and the “centres of innovation” that surround them, announces a limited partnership investment in Owl Ventures, a world leading venture capital fund that invests in education technology companies. Owl Ventures will be Future Planet Capital’s strategic partner in the education sector.
Based in San Francisco and founded in 2014, Owl Ventures closed its $185m second fund in October 2017. Owl Ventures has invested in numerous fast growing transformative companies such as Accelerate Learning, a comprehensive digital PreK-12 STEM curriculum; Lingo Live, a language and communications programme; Quizlet, one of the largest educational platforms in the world; and RaiseMe, an online scholarship platform.
The $6trillion education market is undergoing a digital revolution and Owl Ventures, alongside its global top tier LP base including Future Planet Capital, will pursue a vision for the future of education. Disruption in the education sector is occurring at all stages of development, from K-12 to corporate learning and companies will be targeted from across the education spectrum.
Douglas Hansen-Luke, Executive Chairman at Future Planet Capital, said: “In partnering with Owl Ventures, we will be able to support more visionary companies revolutionising education for a digital age. Our mission is to profitably address the world’s greatest challenges in the areas of Climate Change, Education, Health, Security and Sustainable Growth. Partnering with experts in each of our verticals is key to achieving this mission.”
Tory Patterson, Managing Partner and Co-Founder of Owl Ventures, said: “We anticipate that over the next decade, there will be a major digital shift and 35-45% of education spending will be on digital technology, compared to 3% today. We have built a special international LP base to help us capture this enormous global opportunity and we feel fortunate to have Future Planet as one of our Limited Partners.”