NewSchools Venture Fund Invests $1.6 Million in Three Charter Management Organizations

Through its Boston Charter School Replication Fund, NewSchools Venture Fund has announced investments totaling $1.6 million to three charter management organizations.

The investees include Unlocking Potential, which will use its funds to support the turnaround of Marshall Elementary School, which reopened this summer as UP Academy Dorchester; Match Education, which will leverage the success of its high-performing high school to pilot and launch Match Next, a blended-learning middle school organized around an innovative, tutor-based instructional design; and City on a Hill, which will use its funds to launch a second campus of its tuition-free college prepatory high school in Boston.

Launched in July 2011 to support the expansion of high-performing charter schools and increase the number of students they serve, the Boston Charter School Replication Fund has invested a total of $5.3 million in Massachusetts-based CMOs.

"These three entrepreneurial organizations have proven that they can deliver great results for some of Boston's highest-need students," said NewSchools Venture Fund managing partner Jim Peyser. "Through their expansion, these charter school operators will have an even greater impact on the transformation of Boston's public school system."