Published On: Fri, Jun 11th, 2010

Kaplan sets up Venture Capital subsidiary

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Kaplan, Inc., a global provider of education, announced that it has established Kaplan VC, LLC, a subsidiary designed to identify and develop innovative learning strategies, technologies and products with the power to transform education worldwide. “This new unit signifies the importance we place on outside entrepreneurs and the kind of innovative work that will help improve the educational experience for students of all ages at all levels,” said Jim Rosenthal, Chief Executive Officer of Kaplan Ventures. “Across Kaplan’s various education businesses, we have always been dedicated to improving the learning experience and helping students achieve their individual education and career goals. The formation of Kaplan VC, LLC is another step toward that goal.” The new group will be led by Jason Palmer, who assumes the position of Senior Vice President, Kaplan Ventures. “Jason will collaborate with learning and technology experts across the company and the industry, serving as a catalyst to help us identify innovative learning technologies and new business models,” said Rosenthal. “Our goal is to nurture these new technologies to bring them to market, and to ensure our students and programs will benefit.” Kaplan VC, LLC will initially focus on U.S. and European investments in new learning technologies and online business models in the K12, higher ed, test prep, and professional compliance areas. The venture will also invest in international education opportunities especially in Latin America, the Middle East and India. Kaplan VC expects to acquire minority interests in about a half-dozen companies over the next 12 months.