/Investor DB

Lumos Capital Group

Growth equity

New York · Series A–Growth · 11 people tracked

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Investment thesis

Lumos Capital invests in growth-stage technology companies building the future of learning and work — what it calls human capital development. The firm believes that unlocking human potential across the full lifecycle, from early childhood education to lifelong learning and from schools to the enterprise, is a defining global challenge as technology reshapes jobs and workforces. It partners with entrepreneurs reimagining how human capital is created in the 21st century, emphasizing long-term partnerships over transactions. Beyond capital, the team draws on deep experience working alongside management teams of leading sector companies, acting as strategic thought partners on growth priorities and helping visionary leaders scale their impact.

Source: firm website, verified Oct 13, 2026.

Stage
Series A–Growth
Check
$10M – $30M
HQ
New York, US
Leads rounds
Leads
Instruments
Equity
AUM
$274.5M
Tracked investments
41
Acquisitions
2

Team · 11 people

from the firm's website & public directories
James Tieng· Managing Partnerin

Co-Founder and Managing Partner with over 19 years of investing experience, having deployed more than $1.8 billion of equity across education, software, business services, and digital media. He was previously a Principal at Quad Partners and worked at Apax Partners, Irving Place Capital, and McKinsey. He holds an MBA from Harvard and an AB from Princeton.

Rohan Wadhwa· Managing Directorin

Co-Founder and Managing Director who has spent his career in education as an entrepreneur, consultant, and investor. He founded and sold a higher-education exam prep company, helped launch Oliver Wyman's education practice, and was a Principal at Round13 Capital. He holds a Bachelor of Commerce from Queen's University.

Victor Hu· Managing Partnerin

Co-Founder and Managing Partner of Lumos Capital Group who previously led Goldman Sachs' global Education Technology & Knowledge Services investment banking practice, completing over $50 billion in transactions. He earlier worked at Zephyr Management and law firm Cleary Gottlieb, and holds an MBA from Wharton, a JD from Harvard, and a BA from Amherst.

Ellen Flax· Associatein

Associate passionate about education technology who previously worked as a Consultant in EY-Parthenon's education private equity practice conducting diligence across K-12, higher education, and corporate training. She holds a degree in International Relations from Brown University.

James Ahn· Managing Director, CD&R

Advisory board member; Managing Director and Head of Asia at Clayton, Dubilier & Rice and Partner at Principle Capital in China.

Mady Duboc· Vice Presidentin

Vice President focused on education investments who previously was a Consultant in EY-Parthenon's education practice, advising financial sponsors on 30+ buy- and sell-side processes. She holds a BS in Management Science & Engineering from Stanford.

Marina Weidmann· Associatein

Associate interested in technologies transforming education and workforce development who previously worked on Macquarie Capital's Software & Services team advising on M&A and capital-raising transactions. She holds a BS in Business Administration from Washington University in St. Louis.

Paul Kim· CTO, Stanford Ed Schoolin

Advisory board member; Chief Technology Officer and Assistant Dean at Stanford University Graduate School of Education, with extensive education M&A and advisory experience.

Tom Barry· CEO, Zephyr Managementin

Advisory board member; President and CEO of Zephyr Management, an emerging markets investment firm he founded in 1994. Formerly President and CEO of Rockefeller & Co.

Tom Davidson· CEO, EVERFIin

Advisory board member; Founder and CEO of EVERFI, an education technology company he started in 2008 and grew to over 4,300 corporate customers.

Yichen Feng· Advisory Directorin

Advisory Director and former Growth Partner at Lumos whose career in the human development sector spans public and private roles, including founding a primary school, edtech go-to-market work, and technology investment banking at Goldman Sachs. She holds an MBA from UVA's Darden School and a BA from Harvard.

Founder mafia

3 people who came through Lumos Capital Group went on to found or lead other companies.

What they invest in

from 34 of 41 portfolio companies

EdTech ×33SaaS ×18AI & Machine Learning ×10Enterprise Software ×7Future of Work ×6HR Tech ×6Cloud Computing ×3Data & Infrastructure ×3

HQs:United States×17China×1Spain×1France×1India×1

Who they back

founder profiles across 11 portfolio companies
45%
solo founders
5 of 11 mapped founding teams
30%
repeat founders
of 10 founders with career history

Founding team size:solo founder×52 founders×43 founders×14+ founders×1

Investments · 41 tracked

founders shown can be your intro path

By year:2024 · 12023 · 12022 · 12021 · 22019 · 12017 · 12016 · 29 dated

2U2u.comin𝕏May 2019

2U provides online education and learning platforms for individuals and institutions to improve career prospects and access educational opportunities.

EdTechLanham, US

Christopher J. Paucek(Chief Executive Officer)Anant Agarwal(2U Chief Platform Officer and Founder of edX)inCatherine A. Graham(Chief Financial Officer)inJohn B. Ellis(Chief Accounting Officer)inKees BolinChip Paucek(Founder)

Co-investors137 VenturesArcher Venture CapitalBessemer Venture PartnersCity LightNovak Biddle Venture PartnersRedpoint Ventures+1 more

Activate Learning Current Allactivatelearning.comin𝕏

Activate Learning creates investigation-centered science curriculum and materials for K-12 schools, paired with professional development and implementation support for educators.

EdTech

Amplifyamplify.comin𝕏

Amplify develops products in the education field, with a team drawn from education, technology, design, and media.

EdTech

Co-investorsLearn CapitalZanichelli VentureEmerson Collective InvestingStreet Ventures

BookNookbooknook.comin𝕏Oct 2016

BookNook provides live, research-based reading and math tutoring for K–8 students through a synchronous learning platform, supporting small-group intervention.

EdTechBerkeley, US

Michael Lombardo(Founder)in

Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactBetter Ventures Central LlcEdovate CapitalKapor CapitalMontage CapitalReach Capital+3 more

Cengagecengage.comin

Cengage provides learning platforms and educational content spanning K-12, higher education, workforce skills, and English language learning.

EdTechSaaS

Corecore.eduin

Core Education provides financial consulting and operational advisory services to colleges and universities, helping them optimize costs, develop merger strategies, manage real estate assets, and strengthen their financial performance.

AI & Machine LearningEdTechEnterprise SoftwareSaaS

Kamalika Sandell(Founding Board Member)

Co-investorsECMC GroupImpact Engine

Credentialssolutionscredentialssolutions.net𝕏acquired by Parchment

Parchment provides credentialing solutions for educational institutions and learners.

EdTechHR TechSaaS

Discovery Educationdiscoveryeducation.comin𝕏

Discovery Education provides K-12 educational resources and programs across math, literacy, science, and social studies, supporting core instruction and supplemental learning for grades PreK-12.

AI & Machine LearningEdTechSaaS

Co-investorsFrancisco Partners

Disprzdisprz.comin𝕏Series C · Aug 2023 · $30M

Disprz provides an AI-powered learning platform that diagnoses skill gaps, builds learning content, and delivers training within the flow of work for enterprises.

AI & Machine LearningEdTechHR Tech

Kuljit Chadha(Founder)in

Co-investorsAlexander Geza Marcus PejacsevichDallas Venture CapitalKae CapitalLiquidity CapitalMars Growth CapitalSilverneedle Ventures

Disprz Current Alldisprz.aiin𝕏

Disprz offers an AI-powered learning and skilling platform that helps enterprises close capability gaps, develop careers, and connect training to business outcomes.

AI & Machine LearningEdTechEnterprise SoftwareFintechHR TechSaaSWest Orange, IN

EABeab.comin𝕏

EAB is an advisory and research firm that provides data-driven solutions to higher education institutions to improve student outcomes and institutional performance.

Data & InfrastructureEdTechEnterprise SoftwareSaaS

David Felsenthalin

Co-investorsBC PartnersVista Equity Partners

Ellevation, Inc.ellevationeducation.comin𝕏

Ellevation offers software for English Language Development (ELD) programs, combining student data, benchmark assessments, and research-based instructional strategies to help school districts manage EL programs and track student progress.

Data & InfrastructureEdTechSaaSBoston, US

Edward Rice(Executive Officer, Director, Promoter)Jordan Meranus(Executive Officer, Director, Promoter)in

BoardBrad Powell(Director)Jennifer Carolan(Director)Chris Gabrieli(Director)

Co-investorsNorth Atlantic CapitalReach CapitalRethink Capital Partners

Ellucianellucian.comin𝕏

Ellucian provides an AI-native cloud platform for higher education institutions, covering the student lifecycle alongside human capital management and finance.

Cloud ComputingEdTechSaaS

Co-investorsHellman & FriedmanJMI EquityLeonard GreenPHX VenturesTeamworthy VenturesVista Equity Partners

Frontline Educationfrontlineeducation.comin𝕏

Frontline Education provides software solutions for K-12 school administration and operations.

Cloud ComputingEdTechEnterprise SoftwareGovTechSaaS

Matt Strazza(President & Chief Executive Officer)inChris Collins(Chief Customer Officer)inJon Kost(Chief Strategy Officer)inStacy Moscow(Chief Transformation Officer)inHope Needham(Chief People & Culture)inBill O'Shea(Chief Financial Officer)in

Co-investorsMultiplier CapitalRiverwood Capital

Higher Education Marketinghigher-education-marketing.comin𝕏

A CRM and marketing automation platform built on Mautic and designed specifically for higher education institutions to manage student recruitment, enrollment pipelines, and admissions workflows.

EdTechMarketing TechSaaS

Philippe Taza(Founder and CEO)in

HMHhmhco.comin

HMH is an adaptive learning company that builds integrated K–12 education solutions—covering core curriculum, supplemental, intervention, assessment, and professional learning—delivered on a single platform.

AI & Machine LearningEdTechSaaS

Jack Lynch(CEO)inGreg Daniel(Chief Marketing Officer)in

Co-investorsMoonshots CapitalVeritas Capital

Instructureinstructure.comin𝕏

Instructure develops Canvas, Mastery, and Parchment—learning management, assessment, and credential management platforms for educational institutions.

AI & Machine LearningCloud ComputingEdTechEnterprise SoftwareSaaSSalt Lake City, US

Brian Whitmer(Founder)inSteve DalyinMatt KaminerinAudrey ZhaoinArmin MolaviinShiren Vijiasingamin

Co-investorsBessemer Venture PartnersDraper AssociatesEvolution VC PartnersGolub GrowthInsight PartnersEPIC VENTURES

Ironhackironhack.comSeries B · Jan 2021 · $20M

Ironhack operates bootcamp and coding education programs in multiple countries across Europe and North America.

EdTechFuture of WorkMadrid, ES

Gonzalo Manrique(Executive Officer, Director)inAriel Quinones(Founder)inJames Tieng(Director)

BoardBenoit Wirz(Director)

Co-investorsAcurio VenturesBrighteye VenturesCREAS IMPACTO GLOBAL SGEICJME Ventures

Laureatelaureate.netinDec 2016

Laureate Education operates a network of five higher-education institutions in Mexico and Peru, serving students, alumni, faculty, and staff.

EdTechBaltimore, US

Douglas L. Becker(Executive Officer, Director)inRobert W. Zentz(Executive Officer)Timothy F. Daniels(Executive Officer)inEilif Serck-Hanssen(President and Chief Executive Officer)inEnderson Guimaraes(Executive Officer)inRichard J. Patro(Executive Officer)

Learning.com Current Alllearning.comin𝕏

Learning.com provides educational products and services for students and educators.

EdTech

Lisa O'Masta(CEO)inSean(COO & CFO)

Co-investorsMontage Capital

Nord Anglia Educationnordangliaeducation.comin

<UNKNOWN>

EdTechBoston, US

Co-investorsBPEA EQTOwl VenturesACE & Company

Onlinemededonlinemeded.orgApr 2021 · $20M

OnlineMedEd provides medical education resources focused on teaching the fundamentals of health and disease to help students and educators improve clinical training and patient care.

Digital HealthEdTech

Co-investorsImpact Engine

OnlineMedEdonlinemeded.com

OnlineMedEd provides medical education resources focused on teaching health and disease fundamentals to medical students and educators.

Digital HealthEdTechHealthtechSaaS

Openclassrooms Current Allopenclassrooms.com

OpenClassrooms is a fully online school offering diploma-granting programs and work-study (alternance) training, with a model built around practical projects and one-on-one mentoring.

EdTechFuture of Work

Pierre Dubuc(Founder)inMathieu Nebra(Founder)

Co-investorsETS Strategic CapitalGeneral AtlanticCitizen Capital

Parchmentparchment.comin𝕏Apr 2017

Parchment operates a digital credentials platform that enables schools, universities, and employers to issue, verify, and exchange transcripts, diplomas, certificates, and comprehensive learner records.

EdTechEnterprise SoftwareSaaSScottsdale, US

Matthew Pittinsky(Executive Officer, Director)Robert Colletti(Executive Officer)in

BoardE. Rogers Novak, Jr(Director)Vincent Menichelli(Director)S. Joshua Lewis(Director)Jeffrey Sine(Director)

Co-investorsNovak Biddle Venture Partners

Podium Educationpodiumeducation.comin

Podium Education operates the Global Career Accelerator, an educational program offering practical training in coding, digital marketing, and other career-focused skills.

EdTechFuture of Work

Christopher Parrish(Co-Founder & President)inAlex Ricken(Co-Founder & Chief Growth Officer)in

Co-investorsPHX VenturesAlbum VCPeak

Sgusgu.eduin

SGU is a medical education institution offering Doctor of Medicine (MD) programs and tracks for students pursuing careers as physicians.

EdTechHealthtech

Shotzrshutterstock.comin𝕏Acquired

Denver-based image platform delivering hyperlocal, audience-targeted photography for digital marketing; acquired by Shutterstock in 2021.

EdTechDenver, US

Frank Cardello(Founder)Mark Lemmons(Founder)Jon Oringer(Founder)

BoardBrian Wallace(Director)in

Co-investorsAccess Venture PartnersElevate VenturesFirstMile VenturesNotre Dame Founders FundSpringTime VenturesInsight Partners+1 more

Subtextrenaissance.comin𝕏

Renaissance provides educational software and assessment solutions that give teachers and schools data and insights to support student learning.

AI & Machine LearningEdTechSaaSWisconsin Rapids, US

Co-investorsCapitalGGV (Google Ventures)New Enterprise Associates (NEA)W Capital PartnersEdovate Capital

Tedutedu.cn

Da내ucks (达内) is an education company that provides training programs and facilitates job placement for students and job seekers.

AI & Machine LearningEdTechFuture of WorkHR TechBeijing, CN

Co-investorsCofounders Capital

Testes.com

Tes provides education software, services, content, and resources for schools, trusts, leaders, and teachers, including safeguarding tools, student learning plans, behaviour management, recruitment, and teacher training.

EdTechSaaS

Thrive Career Wellness Current Allthrivemycareer.comin𝕏

Thrive provides a digital platform that helps organizations manage workforce transitions, including layoffs and redeployments, while offering career coaching and skills training to employees.

Future of WorkHR TechSaaS

Transfrtransfrinc.comin𝕏

Transfr provides career exploration, training, and employability development programs through web, mobile, and virtual reality platforms to help learners from all backgrounds discover and prepare for in-demand jobs in high-growth industries.

AgTechAI & Machine LearningDeep TechEdTechFuture of WorkHardwareHR TechNew York City, US

Bharani Rajakumarin

Co-investorsABS Capital PartnersAkkadian VenturesImagination CapitalJoyance PartnersSocial StartsUpstage Ventures+1 more

Watermarkinsightswatermarkinsights.comin𝕏

Watermark provides a suite of integrated software solutions for higher education institutions to manage assessment, accreditation, faculty review, and student success initiatives using AI-enhanced analytics and data management.

AI & Machine LearningData & InfrastructureEdTechEnterprise SoftwareSaaSNew York, US

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Core Education Services PBCOME HoldingItutorgroupPenn Foster GroupPowerSchoolTrilogy Education ServicesWeldnorth

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 2

2 acquisitions · showing 1

Credentialssolutionsacq. by Parchment

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Lumos Capital Group made?
Lumos Capital Group has 41 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
What stage does Lumos Capital Group invest at?
Lumos Capital Group invests at the Series A, Series B, Growth stages.
What is Lumos Capital Group's typical check size?
Lumos Capital Group typically writes checks of $10M – $30M.
What sectors does Lumos Capital Group focus on?
Lumos Capital Group focuses on EdTech, Future of Work, HR Tech, Impact & Social Good, Media & Entertainment, SaaS.
Where is Lumos Capital Group located?
Lumos Capital Group is headquartered in New York, US.
Does Lumos Capital Group lead rounds?
Yes, Lumos Capital Group leads investment rounds.
Who does Lumos Capital Group co-invest with?
Lumos Capital Group most often shares deals with Vista Equity Partners, Bessemer Venture Partners, City Light, among 59 tracked co-investors.

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