VC firm Brighteye Ventures has closed €100m (£85.2m) for its European early-stage edtech fund.
Brighteye Ventures said it will invest in startups at the seed and Series A stages.
Investors in the edtech fund include the European Investment Fund, Jacobs Foundation, Partners in Equity along with family offices in Europe, Asia and the Middle East.
Alexander Latsis, founding partner at Brighteye Ventures, said: “The European Investment Fund’s support is testimony to the great confidence both the European Union and the market have in the burgeoning sectors of Edtech and workforce transformation, with key challenges facing societies as automation presents both significant risks and massive opportunities for the development of human productivity.”
Headquartered in Luxembourg, Brighteye Ventures has additional offices in London and Paris. The second fund doubles the investment available from its first and brings total assets under management to €150m (£127.8m).
Marjut Falkstedt, chief executive of the European Investment Fund, said: “In a changing economy, skills and human capital have to be adaptable and constantly updated. This is why, with the backing of the InvestEU programme, we are keen to support fund managers like Brighteye Ventures that are active in the education technology space, ensuring that European businesses developing innovative solutions to help improve skills and education get the support that they need.”