PHOENIX--(BUSINESS WIRE)--Dec. 4, 2014--
Apollo Education Group, Inc. (NASDAQ:
APOL) today announced the formation of Apollo Education Ventures,
LLC, a new platform created to support entrepreneurial ventures and
emerging companies that are developing the latest innovations in higher
education, professional development and human capital management.
“Apollo Education Ventures provides a tremendous opportunity for Apollo
Education Group to partner with young companies that embody the spirit
of innovation,” said Greg Cappelli, chief executive officer, Apollo
Education Group, Inc. “We are excited to build long-term relationships
with best-in-class management teams and their investment partners to
provide value far beyond the financial capital we bring to start-ups and
The platform will support entrepreneurial ventures with capital,
experience, strategy, business development and exposure to global
relationships to promote education innovation and accelerate portfolio
company growth and success. Apollo Education Ventures will make minority
investments based on a broad set of criteria that will focus on early,
mid- and late-stage venture opportunities across higher education,
professional development and related human capital sectors.
Apollo Education Ventures has partnered with Touchdown Ventures Inc., a
venture capital firm that works with leading corporations to establish
and manage their corporate venture capital platforms. Touchdown Ventures
will support Apollo Education Ventures at all stages including deal
sourcing, due diligence and portfolio company management.
For more information about Apollo Education Ventures, please visit Apollo.edu/ventures.
About Apollo Education Group, Inc.
Apollo Education Group, Inc. is one of the world’s largest private
education providers and has been in the education business since 1973.
Through its subsidiaries: Apollo Global, College for Financial Planning,
University of Phoenix, and Western International University, Apollo
Education Group offers innovative and distinctive educational programs
and services, online and on-campus, at the undergraduate, master's and
doctoral levels. Its educational programs and services are offered
throughout the United States and in Europe, Australia, Latin America,
Africa and Asia, as well as online throughout the world. For more
information about Apollo Education Group, Inc. and its subsidiaries,
call (800) 990-APOL or visit the Company’s website at www.apollo.edu.
Source: Apollo Education Group, Inc.
Apollo Education Group
Beth Coronelli, 312-660-2059