Imaginable Futures Looks to Make Impact in Learning Worldwide
- By Dian Schaffhauser
new philanthropic investment firm has launched that focuses on the
future of learning. Imaginable
was founded and funded by Pam Omidyar and Pierre Omidyar, who founded
eBay. It's a spin-off from Omidyar
which has a broader investment mandate. The venture capital fund at
Imaginable has already invested $200 million with an additional $150
million for operations and investment committed over the next four
company is following a hybrid funding structure, part philanthropy
and part "impact investor." Its current portfolio includes
for-profits and non-profits in the United States, Africa and Latin
America, focusing on learning innovation in early childhood
education; elementary, secondary and post-secondary education; and
Imaginable's "investees" are LearnZillion,
and dozens of other organizations.
A frequently-asked question page on its website explained that it's
looking for "innovative" learning approaches that can
"dramatically improve learner outcomes and well-being."
When choosing where to invest, the company said it follows four
the potential for impact at scale;
investee can reach lower socio-economic children and families;
premise is "anchored in the science of learning"; and
has "exceptional mission-driven leadership."
today's complex world, skill-sets, relationships and opportunities
are evolving far faster than ever before. This results in a need to
massively rethink not only what people learn but also how and when
they learn," said Amy Klement, managing partner of Imaginable,
in a statement. "Imaginable Futures exists to support bold
changemakers who are doing exactly that--so that every learner has
the opportunity, tools and support that they need to imagine, and to
realize, a brighter future."
Dian Schaffhauser is a senior contributing editor for 1105 Media's education publications THE Journal and Campus Technology. She can be reached at [email protected] or on Twitter @schaffhauser.