Obama Administration’s Planned Increase in Education-​Related Spending Mirrored by VCs

It seems that the members of the new Obama administration are not alone when it comes to an interest in increased funding for education. Two education-​related companies recently announced venture capital funding, proving that infrastructure means far more than bricks and mortar. The first, Schoolwires, a Pennsylvania-​based firm, obtained an additional $12 million in ‘growth-​stage funding'. The company delivers Web-​based information services systems to assist schools in managing Web sites, communities and social networking needs. And New York City-​based SchoolNet received $13 million to continue growing and acquire related firms. Schools turn to this company for individuals modules that help educators deploy curriculums, manage instructional technology, and offer parent portals.

These types of investments indicate venture capital firms see continued market opportunity in information services for the K‑12 education market. Work with your clients in this industry to develop marketing materials to increase their visibility in the education world.

[Sources: Schoolwires release, January 15, 2009; Schoolnet release, January 26, 2009] 
Kathy Crosett
Kathy is the Vice President of Research for SalesFuel. She holds a Masters in Business Administration from the University of Vermont and oversees a staff of researchers, writers and content providers for SalesFuel. Previously, she was co-​owner of several small businesses in the health care services sector.