ETS Capital

Profile and portfolio

Parent ETSHQ Princeton, United StatesFounded 2020

ETS Capital is the corporate venture arm of ETS, an education company. It was founded in 2020 and is based in Princeton, United States. It invests from Series B to Series C+. Sectors it names: education.

Every figure links to its source

Snapshot

Investment stage: Series B to Series C+

Data behind this graphic

Data behind this graphic
Item	Value
Stage range	Series B to Series C+
Sectors	Education
Geography	Global
Offices	Princeton, United States, San Francisco, United States, Washington, United States

Sources: S1 ETS Capital: page on ets.org.

Investments closed by outcome

Data behind this graphic

Data behind this graphic
Item	Companies	Share
Active	15	93.8%
Exited	1	6.3%

Status as the firm tags it

Sources: S1 ETS Capital: page on ets.org.

Where it invests and who leads it

Geography

Headquarters: Princeton, United States
Offices: Princeton, United States
San Francisco, United States
Washington, United States

Investment regionsS1

Global

LeadersS1

Emal DusstManaging Director & Head of ETS CapitalFind on LinkedIn Firm page
Mike MayPrincipalFind on LinkedIn Firm page
Malone MaPrincipalFind on LinkedIn Firm page
Mike RossmannPrincipalFind on LinkedIn Firm page
Amit SharmaPrincipalFind on LinkedIn Firm page

ETS Capital on LinkedIn

Key facts

Fact	Value	Status	Source
Parent company	ETS	Single source	S4
Parent industry	Education	Single source	S4
Founded	2020	Single source	S4
Headquarters	Princeton, United States	Single source	S1
Status	Active	Single source	S1
Capital source	Parent company only	Single source	S1
People on the team page	10	Single source	S1
Stages	Series B, Series C+	Single source	S1

For founders

Item	What the firm says	Source
Stages	Series B, Series C+	S1
Beyond capital	Growth partnerships: joint ventures, channel-partner or distribution agreements, IP licensing and technology transfer	S1

Recent rounds

Date	Company	Round	Amount	Led by the firm	Source
2026-06-12	Impacter Pathway	Not stated	Not stated		S3
2026-01-29	Memorang	Not stated	Not stated		S2
2022-08-08	upGrad	Not stated	USD 210M	No	S5

Portfolio

The firm's portfolio page lists 16 companies: 15 active, 1 exited.S1

Companies by status on the firm's list. Status as the firm tags itS1
Tag	Companies	Share
Active	15	93.8%
Exited	1	6.3%

Shared portfolio with other corporate VCs

3 companies on the ETS Capital portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

Firm	Shared	Companies in common
Salesforce Ventures	3	Class, OpenClassrooms, Pymetrics

Companies backed by the most corporate VCs

Every company on the ETS Capital list

16 companies, as listed on the firm's own website: 15 active, 1 exited.S1 Read the firm's list.

Active 15

ApplyBoard
BenchPrep
Class
CollegeDekho
Degreed
Harver
Impacter Pathway
Leverage Edu
Mastery Transcript Consortium
Memorang
MPower Financing
OpenClassrooms
Orijin
Suraasa
upGrad

Exited 1

Pymetrics

Notable outcomes

IPOs and acquisitions of portfolio companies. Price shown only where published.

Company	Type	Year	Acquirer or exchange	Source
Pymetrics	Acquisition	2022	Harver	S6

History

2020ETS created ETS Strategic Capital for equity investments, growth partnerships and acquisitions; first portfolio included ApplyBoardS4
2022ETS took part in the USD 210 million upGrad roundS5
2026ETS Capital invested in Memorang and Impacter PathwayS2

Official pages

Read the firm's own pages for current information.

Website www.ets.capital/
Portfolio www.ets.org/ets-capital.html
LinkedIn company page www.linkedin.com/company/etscapital

Sources

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by ETS Capital or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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