Pearson Sells Mixed Reality Learning Unit to a New Company, GIGXR

As Pearson resumes its education technology investment activity, the publisher is also divesting other edtech assets at the same time. On Dec. 16, Pearson announced the first two deals made by its recently formed venture fund, which invested $4.2 million in two companies: online bootcamp Springboard and Knowledge to Practice, a medical startup. Now, the publisher confirmed that it has spun off its Immersive Learning team, selling its assets to a new company, GIGXR, based in Venice, Calif. All nine staff formerly on that Pearson team will make the transition to the new company, which has a total headcount of 16. They will be led by CEO David King Lassman, who previously ran companies in the food, video and digital ad industries.