Rethink Education to Raise $125M for Second Fund

Investors

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.

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