Sesame Workshop, the organization that brought to life the beloved Sesame Street and countless other programs, has announced a new venture arm to invest in apps that help children develop. Working jointly with venture capital firm Collaborative Fund (which has funded companies like Lyft and AltSchool), Sesame Workshop has formed a new organization called Collab+Sesame.
Currently, Collab+Sesame has access to a $10 million fund, which is intended to be used for Sesame Workshop’s core mission to “[help] kids grow smarter, stronger and kinder.”
This change comes only a few months after the announcement of Sesame Workshop’s plan topartner with HBO for five years, giving the organization better funding to continue producing top-tier children’s programming. After 45 years of consistent quality, it’s clear that Sesame Workshop wants to evolve with the times and find new outlets to help children develop.
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