Dive Brief:
- A Cleveland company with an associated education technology venture capital fund that has invested $18 million since 2012 is looking to fund more ed tech startups.
- The company, CampusEAI Inc., provides IT services to colleges and has funded seven startup companies, most of which are based in its downtown Cleveland headquarters, Crain’s Cleveland Business reported.
- CampusEAI also wants to help turn technologies created by colleges into commercial products.
Dive Insight:
Among the companies funded so far by CampusEAI’s EduTech Venture Fund are QuickLaunch SSO, which received $2 million, and BlackBeltHelp, a computer systems support company. QuickLaunch’s software allows schools and companies to log into several computer programs at the same time. So far, QuickLaunch — founded by two employees from LookingGlass, which develops website management software for universities — has 200 schools and companies as clients. EduTech fund has invested $2 million to $5 million in the seven companies.