New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund
NOVEMBER 9, 2016
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. Investments in edtech companies in 2016 totalled $945 million, according to estimates from GSV Capital, less than half of the $2 billion tally last year. He expects to see media companies play a bigger role in snapping up promising edtech startups.