LearnLaunch Fund + Accelerator, a renowned investor in the field of education technology (edtech), has announced the launch of its Breakthrough to Scale program for 2023. The program aims to support and invest in five promising edtech startups that are dedicated to creating innovative solutions for future-proof learning, earning, and collaboration opportunities. These startups were carefully selected based on their commitment to leveraging cutting-edge technology and human-centered design in the education sector.
LearnLaunch has been a key player in the edtech investment space since 2013, with strategic investments in over 80 edtech companies. The impact of these investments is evident, as LearnLaunch’s portfolio companies have collectively raised over $250 million in funding and positively affected the educational journeys of over 40 million learners worldwide. The organization continues to foster the growth of visionary pioneers who are driving accessibility, equity, and outcomes in various educational sectors.
The five startups selected for the Breakthrough to Scale program will undertake a transformative 12-week journey through LearnLaunch Accelerator. While the program will primarily be conducted virtually, the companies will have the opportunity to strengthen their product-market fit, expand their customer base, and establish scalable operational frameworks. Throughout the program, the founders will receive support from mentors, venture partners, and funders within LearnLaunch’s extensive network. This intensive program will prepare each company for subsequent stages of funding, deployment, and operational success. The program will culminate in a demo day scheduled for the week of October 2nd, 2023, held in New York as part of EDTECH WEEK.
LearnLaunch continues to enhance its capacity by welcoming new individuals who can contribute their expertise to support the growth and development of startups. Among the latest additions is Dr. Alina von Davier, Chief of Assessment at Duolingo, who joins LearnLaunch’s Venture Partner team of industry experts. The program alumni have spoken highly of their weekly meetings with LearnLaunch’s Venture Partners, showcasing the organization’s commitment to providing valuable support to entrepreneurs.
Another significant development is the equity investment made into the LearnLaunch Fund by Needham Bank, under their Community Reinvestment Act umbrella. This investment aligns with Needham Bank’s goals of investing in workforce development and reaching low and moderate-income communities. It also aligns with LearnLaunch’s objective of promoting innovative businesses with the potential for significant social impact. Notably, over 66% of LearnLaunch’s investments are led by BIPOC and female founders.
LearnLaunch Fund + Accelerator stands out as a leading program for edtech startups. Through its unique mix of milestone-based funding and personalized support from venture partners and mentors, the organization collaborates with impact-driven entrepreneurs to achieve product-market fit and develop effective go-to-market strategies. LearnLaunch seeks companies with revenue potential and scalable impact, and its relationship-driven approach ensures long-term funding, partnerships, and growth opportunities for startups.
This news article highlights the launch of LearnLaunch’s Breakthrough to Scale program and its commitment to supporting and investing in innovative edtech startups. The organization’s track record, the selection process for the program, the virtual nature of the program, the support provided to the founders, and the significance of the equity investment by Needham Bank are all discussed. The article maintains a conversational tone while adhering to journalistic norms, ensuring it provides valuable and SEO-friendly content for readers.
