Study Abroad EdTech ApplyBoard Triples Valuation To $3 2 Billion With $300 Million Fundraise
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Ontario Teachers innovation platform leads $375-million financing for ApplyBoard
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On the lookout for rising stars that are solving a profound problem or delivering an unmet need
Author of the article: Barbara Shecter
Publishing date: Jun 10, 2021 • 3 hours ago • 9 minute read • The Teachers Innovation Platform, known as TIP, made an immediate splash after launching in April 2019 with Olivia Steedman at the helm, choosing Elon Musk’s Space Exploration Technologies Inc. as its first investment. Photo by Peter J Thompson/National Post
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Olivia Steedman chuckles when she thinks about the first tech investment she made for the Ontario Teachers’ Pension Plan.
Now the senior managing director of the pension’s ambitious innovation investment platform, in 2017 Steedman was still part of the team that had built Teachers’ into a major force in infrastructure. The field was getting crowded, though, as others had caught on to the value in the asset class, causing return compression and forcing them to adjust their strate