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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

His career also includes stops at Microsoft, Schoolnet and Kaplan. New Markets has supported 43 companies since its launch in 2003; edtech startups make more than 90 percent of its deals in the past five years, Palmer adds. He expects to see media companies play a bigger role in snapping up promising edtech startups.

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New Markets Venture Partner’s Latest Edtech Fund Closes at $68 Million

Edsurge

And according to Palmer’s research, 21 of the 23 largest exits in the edtech industry have come from companies based outside of New York or the San Francisco Bay Area. They last did so in 2013.) It also gives the foundation a lens into the challenging realities of the edtech startup ecosystem.

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