An SEC filing reveals that Learn Capital is looking to raise $79 million for its third fund, of which $52 million has been secured. A separate filing shows it has raised an additional $21 million connected to its second fund.
Based in Austin, TX, Learn Capital is one of the most active investors in edtech startups, having made 44 investments in 32 companies since its founding in 2008, according to CrunchBase. (Disclosure: Learn Capital is also an investor in EdSurge, although that didn't help us learn any more details as the firm has declined to make any comments.)