Pearson Expands Education Venture Fund
Pearson has become the latest blue-chip company to increase its venture investments, committing $50m to education start-ups in Africa and Asia.
The world's largest education company by revenues, which owns the Financial Times, is expanding a fund it set up in 2012 with $15m to invest in companies focused on improving low-cost private education.
Many media and telecoms groups, including Sky, the pay-television company, and publisher Reed Elsevier, are opting for venture investments in an attempt to increase innovation and growth. Bertelsmann, the family-owned German media group, has committed at least $100m to education start-ups.