The Bill and Melinda Gates Foundation will found projects and startups in online education, especially in the online course sector, with grants ranging from $250k to $750k each. The fund will have a total volume of $20 million USD and focus on the postsecondary sector.
There will be a second fund focusing on K-12 education next year. This could be a big chance for startups in online education that did not receive funding yet because their product was seen as too conservative for classic angels and investors.
