Children’s educational platform Sesame Workshop, the non-profit organisation behind the production of the TV programme Sesame Street, is partnering with venture capital firm Collaborative Fund to launch Collab+Sesame, according to the venture firm.
The fund is targeting $10 million, according to a report in Fast Company. It will invest up to $1 million in early-stage startups in child development areas such as education technology, health and nutrition, and social, cultural and family development, according to Sesame Workshop.
Collaborative Fund said it will be the general partner, overseeing investment decisions, while Sesame Workshop executive vice president Tanya Haider will manage the selection process for portfolio companies.
Collaborative Fund has 74 active investments in companies including Lyft, Reddit, Switchboard and Blue Bottle Coffee, according to its website. It manages more than $100 million in assets, according to reports.
A spokeswoman for Sesame Workshop was not available to comment.