Rethink Education, L.P.

Rethink Education is a venture fund focused exclusively on education technology. While the fund did not have its initial close until the summer of 2012, the general partners have been co-investing over the past year with the intention of contributing the companies to the fund's portfolio. The fund is a first time venture co-managed by Matt Greenfield and Rick Segal, two of the most successful angels in the ed-tech space over the past decade. The fund typically invests in the Series A and Series B rounds of funding of early- and growth-stage startups. To date, the fund has invested exclusively within the United States, but with a wide geographical range within the borders.

Rethink Education is committed to investing in solutions that target populations across the educational spectrum including K-12, post-secondary, adult learning, and corporate training. We seek to drive industry change by strategically investing in passionate entrepreneurs and unique business models intent on creating disruption in, and integration between, the following core strategic areas: content, measurement, management, delivery, and social context.

Financial description

The fund will be $50-75 million in size and can hold up to 15 companies in its portfolio, with no more than 15% of capital under management directed to any one investment. The fund typically likes to lead Series A or Series B rounds of funding at $1-3 million per investment, and looks to participate in a pro rata capacity in following rounds of funding.