– Kaplan, a provider of educational and career services owned by The Washington
Post, said on Wednesday that it has launched a new investment unit, to be known
as Kaplan VC.
The unit will aim to help outside entrepreneurs develop
technologies and products in the field of education.
"Our goal is to
nurture these new technologies to bring them to market, and to ensure our
students and programs will benefit," said Jim Rosenthal, the CEO of Kaplan
Kaplan VC initially will focus on U.S. and European investments in
new learning technologies and online business models in the K12, higher
education, test prep and professional compliance areas.
The firm expects to
acquire minority interests in about a half-dozen companies over the next 12
The new group will be led by Jason Palmer, who assumes the position of
senior vice president.