About Rethink Capital Partners
Rethink Capital Partners is a venture capital firm founded in 1981. It is primarily based out of White Plains, United States. As of Mar 2026, Rethink Capital Partners is an active investor, having invested in 121 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to EdTech and Consumer. Most recently it participated in the $***** Seed round of UnderstoodCare Overall, Rethink Capital Partners portfolio has seen 1 unicorn, 4 IPOs and 28 acquisitions including key companies like Pluralsight, Appier Technologies and McGraw Hill. A lot of funds co-invest with Rethink Capital Partners, with names like Reach Capital sharing a substantial percentage of its portfolio. Rethink Capital Partners has team of 23 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Rethink Capital Partners' List of Top Investments
Rethink Capital Partners has a portfolio of 121 companies, one of which is a Unicorn. Their most notable investments are in CareAcademy and Edgepathways.Their portfolio spans across United States, France, India and 7 more locations. They have invested in Enterprise Applications, EdTech, Consumer and 21 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Rethink Capital Partners:
1. Pluralsight
Provider of online courses, learning paths, and skill development resources. The business offers resources for individuals, businesses, and public sector organizations. It provides tools for skill assessments, hands-on learning, and certification preparation. The company delivers solutions for security, cloud transformation, upskilling, and software delivery.
Key facts about Pluralsight
- Founded Year: 2004
- Location: Farmington (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $235M
- Employee Count: 1,774 as on Sep 30, 2026
- Investors: Cross Creek, Golub Growth and 12 Others
- Latest Funding Round: Series C, Dec 12, 2016, $*****
- Highlight: Acquired
Personalized omnichannel marketing and advertising solutions for businesses. It offers a range of AI-powered platforms to optimize user acquisition, campaign automation, conversion optimization, and personalized customer experiences. It enables businesses to create personalized marketing campaigns.
Key facts about Appier Technologies
- Founded Year: 2012
- Location: Taipei (Taiwan)
- Stage: Public
- Total Funding till date: $184M
- Employee Count: 867 as on Sep 30, 2026
- Investors: JAFCO Asia, SoftBank Group and 25 Others
- Latest Funding Round: Series D, Feb 16, 2021, $*****
- Highlight: Public
3. McGraw Hill
McGraw-Hill Education is a learning resource provider for students. It provides educational materials, information, solutions for Pre-K, K-12, higher education, and professional learning. Some of its digital products such as Connect( a homework and learning management solution for higher education) Learnsmart( an adaptive learning program that personalizes learning and designs targeted study paths for students) and ALEKS ( an adaptive learning product for math, science and other subjects in the K-12).
Key facts about McGraw Hill
- Founded Year: 1888
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $158M
- Employee Count: 8,289 as on Sep 30, 2026
- Investors: ATP Private Equity Partners, Glade Brook Capital and 6 Others
- Latest Funding Round: PE, Oct 04, 2021, $*****
- Highlight: Public
4. EVERFI
Everfi provides online courses for workplace training, higher, and school educational institutes. It provides courses on various life skill topics including health and wellness, adult consumer education, entrepreneurship, workplace training, people management, finances, drug safety, professional development courses for teachers, etc. It works on a subscription-based model.
Key facts about EVERFI
- Founded Year: 2008
- Location: Washington, DC (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $252M
- Employee Count: 264 as on Sep 30, 2026
- Investors: Allen & Company, Savano Capital Partners and 22 Others
- Latest Funding Round: Series D, Apr 26, 2017, $*****
- Highlight: Acquired
5. Change
Provider of an online platform for creating and sharing petitions. This platform allows individuals and organizations to initiate petitions on various issues, garner support from others, and engage with decision-makers. The platform facilitates the sharing of petitions through social networks and other channels to build momentum. The goal is to enable users to collectively advocate for change on matters of importance to them.
Key facts about Change
- Founded Year: 2005
- Location: India
- Stage: Series C
- Total Funding till date: $73.4M
- Employee Count: 375 as on Sep 30, 2026
- Investors: Western Technology Investment, Obvious Ventures and 23 Others
- Latest Funding Round: Angel, May 26, 2017, $*****
- Highlight: Editors' Pick
Rethink Capital Partners' Year-on-Year Investment Trends
Rethink Capital Partners has invested in 121 companies over the last 14 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in UnderstoodCare and most recent follow-on round was in Campus.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 3 | 1 | 4 |
2024 | 2 | 2 | 4 |
2023 | 4 | 0 | 4 |
2022 | 6 | 1 | 7 |
2021 | 13 | 5 | 18 |
2020 | 4 | 2 | 6 |
2019 | 4 | 5 | 9 |
2018 | 4 | 4 | 8 |
2017 | 13 | 1 | 14 |
Rethink Capital Partners' Investments by Stage
Rethink Capital Partners has made 30 investments in Series A stage with an average round size of $11.8M, 28 investments in Seed stage with an average round size of $2.79M, 11 investments in Series B stage with an average round size of $44.2M, 2 investments in Series C stage with an average round size of $25.6M and 1 investment in Series D stage with an average round size of $14M.Stage of entry | No. of Investments |
|---|---|
Series A | 30 |
Seed | 28 |
Series B | 11 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Rethink Capital Partners' Investments by Sector
Rethink Capital Partners has a diverse portfolio, with companies operating in the EdTech, Enterprise Applications, Vertical SaaS, Consumer and Education. Notably, it has invested in 105 Tech companies, 77 Enterprise (B2B) companies, 61 Software companies and at least 57 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
EdTech | 43 |
Enterprise Applications | 33 |
Vertical SaaS | 12 |
Consumer | 11 |
Education | 6 |
Others | 36 |
Note: We have considered here, only first round of investments
Rethink Capital Partners' Investments by Geography
Rethink Capital Partners has made most investments in United States (65), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 65 |
France | 1 |
Germany | 1 |
India | 1 |
Saudi Arabia | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Rethink Capital Partners' recent investments
Rethink Capital Partners has made 2 investments in 2026 so far - UnderstoodCare and Rasa Legal.Here are the most recent investments by Rethink Capital Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 16, 2026 | United States | Seed | 4817 | ||
Mar 10, 2026 | United States | Seed | 8438 | [+2] | |
Oct 28, 2025 | United States | Series B | 9275 | [+4] | |
Mar 31, 2025 | Germany | Seed | 4813 | [+2] | |
Mar 20, 2025 | United States | Series B | 3127 | [+8] |
Unicorns in Rethink Capital Partners' Portfolio
Rethink Capital Partners has 1 unicorn in its portfolio - Degreed. The most recent unicorn in their portfolio is Degreed which became a unicorn in 2021, 5 years after Rethink Capital Partners first invested in it.Here is a list of unicorns in Rethink Capital Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of a learning experience platform for workforce skill development | 2012 | Pleasanton | Series D | ipvayrl |
IPOs and Publicly Listed companies in Rethink Capital Partners' Portfolio
4 of Rethink Capital Partners' portfolio companies have become public. McGraw Hill got listed on the New York Stock Exchange (NYSE), in Jul 2025 at marketcap of $3.25B and Appier Technologies got listed on the Tokyo Stock Exchange (TSE) at marketcap of $133M.Here are Rethink Capital Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 24, 2025 | - | - | 9278 | |
Mar 30, 2021 | Feb 16, 2021 | Series D | 3255 | |
Mar 28, 2014 | - | - | 3742 | |
- | - | - | 7314 |
Acquired companies in Rethink Capital Partners' Portfolio
28 companies from Rethink Capital Partners' portfolio have been acquired. The most recent acquisition was Anthill in Apr 2026 by Humanly for $*****.Here are Rethink Capital Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2026 | Aug 12, 2021 | Seed | 7941 | |
Nov 12, 2025 | Aug 03, 2017 | Seed | 1514 | |
Jan 02, 2025 | Aug 16, 2012 | Series B | 2921 | |
Sep 05, 2024 | - | - | 8577 | |
Jul 22, 2024 | - | - | 1711 |
Team profile of Rethink Capital Partners
Rethink Capital Partners has a team of 23 members including 6 Partners and 7 Principals located in United States. Rethink Capital Partners' team sits on the board of 3 companies.Here is a list of top team members in Rethink Capital Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Washington | Wellthy and Sempre Health | - | |
Partner | White Plains | - | ||
Partner | Baltimore | - | ||
Partner | Indianapolis | |||
Partner | New York City | - | ||
Partner | San Francisco | - | ||
Principal | New York City | - | ||
Principal | Oakland | - | ||
Principal | New York City | - | ||
Principal | Brooklyn | - | - |
Co-investors of Rethink Capital Partners
Over the past 14 years, 618 investors have co-invested in Rethink Capital Partners's portfolio companies. This includes funds and angels.
- Invested before Rethink Capital Partners: Techstars, Google Ventures and 215 others have invested in rounds before Rethink Capital Partners. There are 5 companies where Techstars has invested before Rethink Capital Partners and 3 companies where Google Ventures has invested before Rethink Capital Partners.
- Top Co-investors of Rethink Capital Partners: 242 investors entered a company along with Rethink Capital Partners. These include investors like Reach Capital (6 companies).
- Invested after Rethink Capital Partners: A total of 159 investors have invested in Rethink Capital Partners's portfolio after their investments. Top Investors include Strada Education Network (4 companies), Rethink Impact (3 companies) and Owl Ventures (3 companies).
Recent News related to Rethink Capital Partners
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Rasa Legal Lands $5M Seed RoundMassinvestor•Mar 11, 2026•Rethinkeducation, Richard King Mellon Foundation, Social Finance, Halogen Ventures and 2 others
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DiligenceSquared Raises $5M SeedMassinvestor•Mar 07, 2026•Diligence Squared, Y Combinator, Relentless, Join Relentless and 4 others
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montamo Receives €6 Million in Funding from Alter Equity, Rethink Education, Project A, and First Minute CapitalAktiencheck•Mar 31, 2025•Montamo, Alter Equity, Rethink Capital Partners, Project A and 1 other
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General Catalyst Leads $46 Million Investment in 2-year College Built for Gen ZPR Newswire•Mar 20, 2025•General Catalyst, Campus, Founders Fund, 8VC and 2 others
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Paindrainer Secures €800,000 in Oversubscribed Share Issue to Expand US MarketOresund Startups•Mar 05, 2025•PainDrainer, Almi, Tramontane, Rethink Capital Partners
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Teal Announces Series A Funding To Expand Its Ai-powered Careers Platform, Bringing Total Financing Raised To $19 Millionintelligence360•Feb 10, 2025•Teal, City Light Capital, Flybridge Capital Partners, Rethink Capital Partners and 1 other
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Career Platform Teal Lands Huge Funding RoundHrtechfeed•Jan 22, 2025•Teal, City Light Capital, Flybridge Capital Partners, Rethink Capital Partners
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Teal Raises $7.5M in Series A FundingFinSMEs•Jan 22, 2025•Teal, City Light Capital, Flybridge Capital Partners, Rethink Capital Partners and 2 others
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Agtonomy: AI-Based Agriculture Automation Company Raises $32.8 Million (Series A)Pulse 2.0•Oct 20, 2024•Agtonomy, Autotech Ventures, Rethink Capital Partners, Allison Transmission and 4 others
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US-based edtech VC Rethink Education invests in Saudi edtech Aanaab to empower teachersTechMoran•May 31, 2024•Rethink Capital Partners, Aanaab, Rethinkeducation
