Pearson has launched a $50m fund called Pearson Ventures to invest in innovative educational technology, as a successor to its Affordable Learning Fund.
UK-based educational publisher and learning materials producer Pearson committed $50m of capital to a corporate venture capital vehicle known as Pearson Ventures on Wednesday.
Pearson has traditionally focused its business on textbooks, but as learning institutions have technologically evolved, it has moved further into apps and other digital resources.
Pearson Ventures will function as the successor to Pearson’s Affordable Learning Fund (PALF), which has invested $20m since it was launched in 2012, building a portfolio that includes Karadi Path,…
