Rethink Education, L.P.
United States of America
Last updated 13 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
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.
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.
of track record
the year funded
Key performance indicators
Asset manager: Rethink Education
Product track record: Fund has 11 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage: Early Stage, Growth Stage
Inception year: 2012
Vintage year: 2012
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: 01/05/2013
Product term: 7 years +3x 1 yr ext
Assets under management: 50,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 7
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors
Phone number: 914-683-8474
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The United States education system is broken. This is a major problem.
We are failing our students by not providing them with adequate knowledge and the tools to find gainful employment and the opportunity to lead productive lives. We are failing to produce a workforce prepared to meet the creative and technological demands of today’s job opportunities (and the Department of Labor estimates that 65% of today’s grade school students will end up at jobs that have not been invented yet). We are failing to adapt to where our new priorities should lie.
A struggling economy, unsustainable education costs, and inadequacies in the system are forcing the industry to rethink what is being taught and how it is being taught. The increasing power and ubiquity of technology and data storage provide us with the tools to meet these challenges and broaden the impact of the education experience. 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.