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.