Sesame Street company to invest $1M in young startups
Sesame Workshop announced Monday that it will try its hand at investing. No word on if The Count will teach kids about investing.
The production company behind the popular kids show “Sesame Street” said it would partner up with Collaborative Fund in launching a venture capital arm to help young startups focused on education, health and sociocultural development.
— Collaborative Fund (@collabfund) February 1, 2016
The new fund, called The Collab + Sesame Fund, will be managed by both Sesame and Collaborative with the fund taking care of the financial portfolios. In the past, Collaborative has invested in companies like Reddit, Lyft and Kickstarter.
“As a non-profit, our success is measured by our global impact on kids’ lives,” said Jeffrey Dunn, CEO of Sesame Workshop in a statement. “We are in the midst of an extraordinary time in the history of how digital technology can change the education, health and welfare of kids around the world. History suggests that much of that change will spring from new companies. By partnering with some of these startups, Sesame Workshop can help grow the next wave of kid-focused innovation and improve the lives of children everywhere.”
Collaborative said the fund will focus on early-stage startups and is willing to invest up to $1 million per company.