Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Advertisement

×

Message

EU e-Privacy Directive

This website uses cookies to manage authentication, navigation, and other functions. By using our website, you agree that we can place these types of cookies on your device.

You have declined cookies. This decision can be reversed.

Brighteye Ventures closed it's first €50 million edtech fund

Written by  Simone Dresler Nov 01, 2017

Brighteye Ventures, a Luxembourg-based VC firm, has closed its first edtech fund at €50 million to invest in education technology startups.

The firm will invest in the seed, Series A, and B stages of edtech companies that are developing solutions and products for the education sector, from primary school through to university. It will invest between €500,000 and €3 million per round in about 20 companies over the next three years.

Thus far, the fund has participated in two funding rounds: ebook subscription service Epic!’s $8 million Series C round and game studio Lightneer’s $5 million seed round.

Advertisement
Gearbest Gearbest Tablets - Up To 75% OFF promotion
Gearbest Tablets - Up To 75% OFF

The fund is led by partners Alex Spiro and Benoit Wirz with advisors from Paris-based Brighteye Venture Advisers.

Education is a $6 trillion global annual market, commented Alex Spiro (pictured, left), who is also cofounder of children’s book publishers Flying Eye Books.

“With just 2% digital penetration there is a clear market opportunity, and in recent years we have seen an explosion in impressive new companies operating at the intersection of learning, entertainment and the creative arts,” he said. “Many of these companies are seeking funding and Brighteye is ideally placed to help entrepreneurs scale quickly.”

“The European market [for edtech] in particular is maturing,” added Wirz (pictured, right). “Our analysis shows that digital penetration has increased in educational institutions and at home and the number of new edtech companies being funded annually in Europe has doubled since 2012.”

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

  1. Popular
  2. Trending
  3. Comments

Calendar

« February 2018 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28        

Advertisement

Tech Bargains