Posted under Startups
from http://www.xconomy.com/ 953 days ago

Sarah Schmid

The University of Michigan’s student-run Social Venture Fund recently announced it has made its first investment in an education-tech startup called LearnZillion. The fund, which makes early-stage investments of up to $200,000,  joined a syndicate of 17 investors for a Series A round valued at $2.4 million total. (The Social Venture Fund’s portion was $50,000.) According to a statement from U-M, this also marks the first time a student-led, socially oriented venture fund anywhere has made an investment of this kind.

“LearnZillion’s technology is great,” says Gautam Kaul, Professor of Finance at U-M’s Ross School of Business, who manages the fund with 34 mostly graduate students who have experience in a variety of fields, including technology, finance, and education. “This market will take off and when it does, a few players will be at the table. We hope to be one ...

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