# Learn Capital

Learn Capital is a Venture Capital based in San Mateo, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Mateo, United States
- **Region:** North America
- **Address:** San Mateo, CA, United States
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** learn.vc
- **LinkedIn:** https://www.linkedin.com/company/learn-capital

## Regulatory record

- **CRD number:** 170595
- **SEC file number:** 802-79547
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/170595

## About

Learn Capital was founded in 2009 as the first venture capital firm dedicated to education and human capital development. Over the past 15 years, it has raised $1B+ in AUM, backed 10 unicorns, and produced three IPOs and 27 M&A exits. With 176 portfolio companies across five funds, it invests in early and growth-stage companies reshaping education and human capital development, with a focus on AI-powered learning, digital education, workforce training, and career advancement.

## Sectors

- Education
- Enterprise Software
- AI/ML

## People

- Rob Hutter — Founder & Managing Partner
- Greg Mauro — Founder & Managing Partner

## Questions

### Who runs investment decisions at Learn Capital?

Founding Managing Partners Rob Hutter and Greg Mauro lead the investment committee. Hutter previously invested at Revolution Ventures and has chaired the board of multiple edtech companies. The partnership makes consensus-driven decisions on all allocations, with no single-decision-maker structure.

### How does Learn Capital source proprietary deal flow?

The firm's 15-year track record in a single vertical creates an inbound funnel from founders who prioritize domain-expert capital. Learn Capital also builds relationships with university research labs, education ministry innovation units in multiple countries, and the alumni networks of portfolio companies like Coursera and Udemy. This yields pre-institutional opportunities before generalist firms see them.

### Does Learn Capital participate in fund commitments or only direct deals?

Learn Capital operates as a direct investor, making equity investments into private companies. It does not allocate to external venture funds or act as a limited partner. The firm's capital is deployed entirely through direct company equity, with occasional co-investment alongside other firms in later-stage rounds.

### What investment stages does Learn Capital typically target?

The firm invests from seed through growth equity, writing first checks as small as a few hundred thousand dollars and participating in Series C and later rounds up to the tens of millions. This full-lifecycle approach lets Learn Capital double down on its highest-conviction portfolio companies without needing external follow-on capital.

### Which sectors does Learn Capital explicitly avoid?

Learn Capital does not invest outside education and adjacent workforce-technology sectors. The firm has publicly maintained this single-vertical focus since 2008, passing on opportunities in consumer social, enterprise SaaS outside learning, and healthtech. This constraint is a structural feature of the fund, not a cyclical preference.

## Related profiles

- [Lear Innovation Ventures](https://altss.com/profile/lear-innovation-ventures)
- [LearnLaunch Accelerator](https://altss.com/profile/learnlaunch-accelerator)

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Last updated: 2026-08-11T15:07:19.634Z

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