- The $100 million education technology fund University Ventures, which was created earlier this year to help fund higher education companies, announced UV Labs, a startup of its own, on Monday.
- UV Labs, led by co-founder and CEO Satish Menon (a former CTO of for-profit giant Apollo Group), will operate as an independent company and will partner with universities and other higher education providers to create products addressing issues including accessibility, affordability and accountability.
- Other investments by University Ventures--which is backed by partners including German media company Bertelsmann and University of Texas Investment Management Company--include UniversityNow, an online learning site aimed at making degrees more affordable, as well as Synergis Education and Ameritas College Educational Services.
From the article:
University Ventures, a $100 million fund created earlier this year to invest in higher education companies, announced Monday that it has launched a startup of its own. Led by Satish Menon, former CTO of the Apollo Group (which owns for-profit education giant University of Phoenix), UV Labs will partner with universities and other higher education providers to build products addressing a range of issues, from accessibility to affordability to accountability. UV Labs, which will operate as an independent company, currently includes only Menon, the co-founder and CEO, but he said his first order of business is building out a team and focusing on a set of priorities. ...