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 58 tracked co-investors.

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.

Invests inEdTech Future of Work HR Tech Impact & Social Good Media & Entertainment SaaS Canada Europe Global India New York United States

Source: firm website, verified Sep 29, 2026.

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Stage

Series A–Growth

Check

$10M – $30M

New York, US

Leads rounds

Leads

Instruments

Equity

AUM

$274.5M

Tracked investments

Acquisitions

Team · 11 people

from the firm's website & public directories

James Tieng· Managing Partner· New York Cityin

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 Director· New York, New York, United Statesin

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 Partner· North Carolinain

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· Associate· New York, New York, United Statesin

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 President· San Francisco Bay Areain

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· Associate· New York, New York, United Statesin

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 School· Los Angeles, California, United Statesin

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, EVERFI· Washington, District of Columbia, United Statesin

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 Director· San Francisco Bay Areain

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.

Dennis YangFormer CEO, UdemyFounded Floor64 +1 Tom DavidsonCEO, EVERFIFounded EverFi Hannah ChungGrowth EquityFounded OneTriangle

What they invest in

from 33 of 41 portfolio companies

EdTech ×32SaaS ×18AI & Machine Learning ×10Enterprise Software ×7HR Tech ×6Future of Work ×5Cloud Computing ×3Data & Infrastructure ×3

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

Who they back

founder profiles across 10 portfolio companies

40%

solo founders

4 of 10 mapped founding teams

30%

repeat founders

of 10 founders with career history

Founding team size:solo founder×42 founders×6

Investments · 41 tracked

founders shown can be your intro path

By year:2024 · 1 2023 · 1 2022 · 1 2021 · 2 2019 · 1 2017 · 1 2016 · 29 dated

2U2u.com in 𝕏May 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)in John B. Ellis(Chief Accounting Officer)in Kees Bol in

Board Robert Stavis(Director)in

Co-investors137 Ventures Archer Venture Capital Bessemer Venture Partners City Light Novak Biddle Venture Partners Redpoint Ventures +1 more

Activate Learning Current Allactivatelearning.com in 𝕏

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

EdTech

Amplifyamplify.com in 𝕏

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

EdTech

Co-investorsLearn Capital Zanichelli Venture Emerson Collective Investing Street Ventures

Booknook Current Allbooknook.com in 𝕏Oct 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 Impact Better Ventures Central Llc Edovate Capital Kapor Capital Montage Capital Reach Capital +2 more

Cengagecengage.com in

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

EdTechSaaS

Corecore.edu in

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 Group Impact Engine

Credentialssolutionscredentialssolutions.net 𝕏acquired by Parchment

Parchment provides credentialing solutions for educational institutions and learners.

EdTechHR TechSaaS

Discovery Educationdiscoveryeducation.com in 𝕏

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.com in 𝕏Series 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 Pejacsevich Dallas Venture Capital Kae Capital Liquidity Capital Mars Growth Capital Silverneedle Ventures

Disprz Current Alldisprz.ai in 𝕏

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.com in 𝕏

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 Partners Vista Equity Partners

Ellevation, Inc.ellevationeducation.com in 𝕏

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 Capital Reach Capital Rethink Capital Partners

Ellucianellucian.com in 𝕏

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 & Friedman JMI Equity Leonard Green PHX Ventures Teamworthy Ventures Vista Equity Partners

Frontline Educationfrontlineeducation.com in 𝕏

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

Cloud ComputingEdTechEnterprise SoftwareGovTechSaaS

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

Co-investorsMultiplier Capital Riverwood Capital

Higher Education Marketinghigher-education-marketing.com in 𝕏

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.com in

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)in Greg Daniel(Chief Marketing Officer)in

Co-investorsMoonshots Capital Veritas Capital

Instructureinstructure.com in 𝕏

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(Director)in Brian Whitmer(Founder)in Steve Daly in Matt Kaminer inAudrey Zhaoin Armin Molavi in

Co-investorsBessemer Venture Partners Draper Associates Evolution VC Partners Golub Growth Insight Partners OpenView Venture Partners +1 more

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 Ventures Brighteye Ventures CREAS IMPACTO GLOBAL SGEIC JME Ventures

Laureatelaureate.net inDec 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)in Enderson Guimaraes(Executive Officer)inRichard J. Patro(Executive Officer)

Learning.com Current Alllearning.com in 𝕏

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.com in

EdTechBoston, US

Co-investorsBPEA EQT Owl Ventures ACE & 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

Parchmentparchment.com in 𝕏Apr 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 Raine Venture Partners

Podium Educationpodiumeducation.com in

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)in Alex Ricken(Co-Founder & Chief Growth Officer)in

Co-investorsPHX Ventures Album VC Peak

Sgusgu.edu in

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

EdTechHealthtech

Shotzrshutterstock.com in 𝕏Acquired

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)

Board Brian Wallace(Director)in

Co-investorsAccess Venture Partners Elevate Ventures FirstMile Ventures Notre Dame Founders Fund SpringTime Ventures Rethink Capital Partners

Subtextrenaissance.com in 𝕏

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-investorsCapitalG GV (Google Ventures)New Enterprise Associates (NEA)W Capital Partners Edovate 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.com in 𝕏

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.com in 𝕏

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 Partners Akkadian Ventures Imagination Capital Joyance Partners Social Starts Upstage Ventures +1 more

Watermarkinsightswatermarkinsights.com in 𝕏

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 PBC OME HoldingItutorgroupOpenclassrooms Current AllPenn Foster GroupPowerSchoolTrilogyedWeldnorth

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

2U Refinances and Raises Growth Capital

2U · finance.yahoo.com · Apr 27, 2026

Discovery Education Unveils New Resource Collection to Boost Student Engagement in Career Exploration During Workforce Development Month | Discovery Education

Discovery Education · discoveryeducation.com · Sep 10, 2025

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 58 tracked co-investors.

Media · Podcasts & interviews

featuring the team

2022 Oak City Retreat: Sovereign's Access Fund (Kenny Ewell) and Lumos Capital Group (James Tieng, Victor Hu)

James Tieng · vimeo.com

Images

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