The New Capital Stack: Meet EdTech’s Next Generation of Investors

Recorded live at the 2026 ASU+GSV Summit in San Diego, this session featured Ron Levin, Managing Partner at Alumni Ventures; Carole Ackermann, Chairwoman of the Board and President of EHL Board of Trustees at EHL Hospitality Business School; Ariel Hersh, Investment Director at SEEK Investments; and Nana Kyei, Managing Director at Houlihan Lokey.The speakers explored how the capital backing EdTech is changing rapidly as traditional venture models evolve and a new generation of investors emerges. They discussed how operators-turned-investors, family offices, evergreen funds, strategics, philanthropies, and hybrid capital players are reshaping the landscape with different time horizons, incentives, and definitions of success.The session examined how the EdTech capital stack is being rebuilt, who these new investors are, and what they are seeking that others may overlook. From patient capital and platform plays to impact-driven returns and operational alignment, the panel unpacked how this shift is transforming company-building and what founders need to understand to raise capital, build partnerships, and scale successfully in the next era of EdTech.