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From the New York Times…
“NewSchools Venture Fund, a nonprofit that started out channeling philanthropic donations to charter schools and that now invests in a range of education groups and businesses, is entering into a partnership with a new venture capital fund that could result in millions more in financing.
“At a time when venture capital interest in education technology companies is growing rapidly, Rethink Education Fund, founded last year to focus on education start-ups, has agreed to give part of its profits to NewSchools, based in Oakland, Calif., so the fund can invest the money in various projects.
“NewSchools is well known for its financing of charter management organizations, including Aspire Public Schools, KIPP and Rocketship Education, as well as groups like the New Teacher Project, which recruits midcareer professionals into teaching, and Khan Academy, which creates online video lessons.
“The fund, which has invested about $260 million over 15 years, receives financing from high-profile education donors like the Broad Foundation, the Bill & Melinda Gates Foundation and the Walton Foundation…”
Read more of “NewSchools Fund Attracts More Capital” on the New York Times website.
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In the irony department, consider the following. Late yesterday, in anticipation of today’s hearing on Beacon Hill to expand charter schools, the charter school association released a poll commissioned by none other than the NewSchools Venture Fund reported at the top. So what did the poll say? Boston Loves Charters. See the news report in the State House News.
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