Tesonet, a Lithuanian tech company, is starting to invest in private education and plans to create a learning ecosystem ranging from pre-school education to vocational and university studies.
The Tesonet group will seek long-term partners for strategic investment and implementation, and the group also does not rule out acquiring private educational institutions in Lithuania or establishing new ones, Tesonet announced on Wednesday.
According to the company, the amount of the investment has not yet been disclosed, but it is expected to be one of Tesonet's largest.
"Once suitable, experienced partners have been found, real investments will begin, the project will be developed in stages, and its scope may change significantly, so it is too early to talk about specific amounts, but we plan for this to be one of our largest investments," the company told BNS.
According to the group's statement, this initiative builds on its previous investments in education, including Turing College, an educational technology startup, Bit&Byte, a creative technology academy, and Vedliai, a computer science education programme for grades 1–10.
Tesonet is a business accelerator and investor that has helped grow Lithuania's second unicorn, NordSecurity, as well as Surfshark and Oxylabs, a market leader in online data collection. The company recently launched its AI platform, nexos.ai.
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