Rethink Education to Raise $125M for Second Fund


Rethink Education to Raise $125M for Second Fund

May 6, 2015

RETHINK, PART 2: Rethink Education is returning for more. The White Plains, NY-based venture firm that typically participates in Series A and later rounds for edtech startups is looking to raise $125 million for its second fund, according to a SEC filing first noted by PE Hub.

Rethink has made some smart bets: returns from three of its first 16 investments cover the entire $60 million in its first fund. The current portfolio includes companies spanning K-12 (BrightBytes, Education Elements, NoRedInk), higher-ed (Ace Learning, Straighterline) and lifelong learning (Course Report, General Assembly). One of its investments, 2U, has gone public; two others—Engrade and Smarterer—have been acquired.

Matt Greenfield, Managing Partner at Rethink, shared with EdSurge last year three reasons for his firm's success.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up