EVCA Leadership
March 4, 2024

Leadership Spotlight: EdTech Vertical Lead, Mady Duboc of Lumos Capital Group

Isaac Snitkoff
EVCA Fellow

The EVCA leadership is dedicated to building community across and empowering the next generation of venture capitalists through an array of activities—from hosting events, knowledge sharing, and connecting others. This EVCA Leadership Spotlight Series is intended to help the broader community get to know what's going on behind the scenes at the EVCA, as well as highlight the valuable contributions of those individuals who make the EVCA possible. Accordingly, it's a great privilege for us to announce this EVCA Leadership Spotlight on our very own EVCA EdTech Vertical Co-Lead, Mady Duboc of Lumos Capital Group.

Mady Duboc is an Associate at Lumos Capital Group, a NYC-based growth stage fund that invests in category defining Education and Future of Work companies. Prior to joining Lumos, Mady was a Consultant in EY-Parthenon's Private Equity Practice (Education aligned), where she advised on over 30 transactions for financial sponsors, PE-backed strategics, and corporations. She also has experience working in operations at an edtech startup and then as an educator abroad. Mady also leads Data & Analytics for Stanford Professionals in Investing & Finance. Outside of work, she enjoys road biking, alpine skiing, cooking, and supporting her home team (go Raptors!).

EVCA: Could you explain more about what you do in your role as an EdTech Vertical Lead at EVCA?

Mady: I currently lead the education / edtech vertical at EVCA. In this role, my goal is to improve the connectivity of education investors and hopefully increase interest from generalists! I look forward to doing this by hosting educational programming and building spaces for investors to network and exchange ideas.

EVCA: What made you interested in taking a leadership role at EVCA?

Mady: When I joined Lumos, I was not only new to growth / venture, but also NYC. Through EVCA, I've not only grown my professional network, but also met folks to go cycling with on the weekends! I wanted to take a leadership role to give back to an organization that has provided a lot of value to me when I pivoted into a new career and industry.

EVCA: What is your most contrarian view on an existing or emerging technology trend?

Mady: I'm fairly bullish on software for childcare providers, particularly those who can form relationships with state funding sources. Similar to the K-12 funding cliff, the childcare sector is also facing the reality of the coming liquidation deadlines for COVID related stimulus funds. Much of those funds were used to help stabilize providers when enrollments declined, supplement staff wages, and / or augment childcare subsidies available to families. With the majority of formal childcare seats being found in centers and mom-and-pop shops (as opposed to large chains), those providers are likely to seek ROI-driven partners to help them run their programs more efficiently in the absence of stimulus funds. Coupled with refreshed bi-partisan support at the state and federal level to make childcare more affordable, the company that is able to (1) provide value for families in the form of search, payment...etc.; (2) provide value for providers through CRM, talent management, back office functions...etc.; (3) provide value for state agencies via data tracking, subsidy management...etc. is likely to win the day.

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