GSV Ventures Fund II Closes At $180 Million
The Dawn of the New Age of Digital Learning
Hi {{contact.firstname}},
It's with great excitement and gratitude that we announce that GSV Ventures has closed our second venture fund at $180 million.
Global education technology has been a story of acceleration and momentum. Almost overnight, the pandemic has forced 1.6 billion students and their instructors online, catalyzing innovation and tipping education into a new era. The world has leapt from B.C. ("Before COVID") into the new era, A.D. ("After Disease"). That is why we are calling GSV Fund II – B.C./A.D.
B.C. brought new opportunities for those on the spectrum of lifelong learning that we at GSV Ventures call "Pre-K to Grey." The accelerating change and adoption of technology brought on by COVID-19 has been unlike anything else, lifting barriers to entry, and there's no going back. In A.D. an entire population of instructors and students have been brought online.
To date, the $7 trillion global learning market has been growing at a steady 5% CAGR. The transition to digital learning that started with the rise of the internet has ballooned to a $160 billion market today. Before COVID, it was projected to become a $440 billion market by 2026, growing at an impressive 16% CAGR (5X global GDP growth).
