Brighteye Ventures Empowers Edtech Startupswith $54Million

Brighteye Ventures closes$54Millionas its second fund to help the edtech startups in Europe.

FREMONT, CA: A European venture capital firm, Brighteye Ventures has $54Million as the first close of its second fund. The company aims to empower edtech startups in Europe with the funds. With this, Brighteye Ventures would bring the total assets under its management to more than$112 million. The education startups in Europe would have a blend of existing and new investors backing them. Moreover, the second close of the funding is said to take place in the next year, along with including new institutional investors.

Brighteye would invest this new fund is around 15 to 20 companies in the next three years. This fund especially helps the education tech companies which are at the seed or Series A stage. Brighteye Ventures would prefer to invest in those education technology startups that use the practical concepts of technology to bring learning to the table. Supporting such startups that enable learning, skills acquisition, and research, Brighteye Ventures would help these companies and products serve to structural and critical needs of the education industry.

Established in 2017, Brighteye is a thesis-driven venture capital company having its fund investing in startups, which work towards enhancing the process of teaching and learning and making education smarter, creative, better, and more and more interesting with the vibe of technology. Brighteye Ventures is envisioning expanding its advisory wing to help and encourage the new fund. Expecting continuous growth, the company looks to back more and more education tech startups to take digital education to the next level.