Follett Knowledge Fund

Follett Corporation has established the Follett Knowledge Fund, a capital funding source for new technologies the company feels have the potential to improve or disrupt the way educational content is delivered and consumed. Follett has committed $50 million to the fund, which complements and extends the company's extensive portfolio of digital solutions and tools in the education field. The Follett parent company generates more than $2.7 billion in annual sales by providing universities, libraries and schools and school districts with a wide range of educational tools and services. The fund will be co-managed by Atrium Capital, based in Menlo Park. Atrium will partner with Follett to identify, analyze and manage investment opportunities for the fund and serve as an adjunct to Follett's business development activities in the emerging technology space.