Achieve Partners, a leading investment firm focused on the education and workforce sectors, has announced the launch of its new $167 million fund. This initiative is dedicated to investing in software and technology-enabled services designed to accelerate learning for students and optimize operational efficiency for educational institutions, spanning from K-12 to universities. Recognized for its forward-thinking approach, Achieve Partners aims to drive significant advancements in how technology integrates with education, especially as digital solutions become increasingly crucial in learning and skill development. A core component of their strategy involves rigorous, third-party academic research to quantify the positive impact of their portfolio companies on educational outcomes.
“Preparing for a technology-driven future is no longer optional for schools and colleges—it’s essential,” stated Brooks Harrington, Partner – Head of North American Private Equity for Federated Hermes, a limited partner in Achieve Partners. “Achieve’s investment strategy is acutely aligned with the understanding that digital transformation is paramount in today’s world. Education providers must embrace and invest in digital tools to not only enhance their operational frameworks but, more importantly, to foster superior learning results for their students.”
The edtech market has experienced substantial growth over the last decade, a trend further amplified by the pandemic, which underscored the necessity of digital learning solutions. Experts predict an even greater integration of advanced technologies like AI and VR in education to boost learning efficacy, streamline school operations, and broaden accessibility. Achieve Partners is strategically positioning its new fund to anticipate and catalyze this digital evolution within the education landscape.
Demonstrating its proactive approach, Achieve Partners has already made initial investments in three pioneering companies: Boclips, MasteryPrep, and Elentra. Boclips enhances educational content by providing access to high-quality video resources from esteemed sources like the BBC and TED. MasteryPrep offers coaching solutions that have significantly improved college readiness exam performance for over 400,000 students. Elentra has developed a comprehensive software platform tailored for healthcare education, currently utilized by more than 40 medical schools. These investments reflect Achieve Partners‘ commitment to supporting diverse and impactful technological solutions within education.
“Often, the most transformative education technology solutions are not the most publicized. The essential tools that improve access to better instructional content or streamline complex educational processes, especially in fields like healthcare, are fundamental in enhancing student outcomes,” explained Troy Williams, Managing Director at Achieve Partners. “Our focus is on investing in these rapidly expanding platforms that are foundational to the digital transformation of education. We aim to support solutions that can effectively cater to the evolving needs of learners throughout their educational journey, ensuring better outcomes and a more digitally adept future workforce.”
About Achieve Partners
Achieve Partners is dedicated to shaping the future of education and employment by investing in innovative technologies and business models. Their mission is to enhance skill development and secure future career opportunities for millions. By leveraging digital transformation to forge new learning paradigms and career pathways, Achieve Partners is committed to fostering socioeconomic mobility and revitalizing the promise of the American Dream. Learn more at www.achievepartners.com.
