The pre-seed round was backed by Jenson Funding Partners and Sequoia to fund international expansion and new subject development.
"There’s a serious gap in the quality of education that is available to students. Tutoring costs between £50 and £150 per session, so a huge portion of the population simply can’t afford tutors in the traditional format. This is why we’ve created an affordable model with a digital design. Having the full support of Jenson, and now joining the Sequoia accelerator, we’re excited about the road ahead."
The seed round was co-led by BrightEye and Outward to support team expansion and product innovation.
"Following the 2008 financial crisis, a huge part of our economic recovery was down to individuals taking a risk, being entrepreneurial and starting new ventures."
Jenson Funding Partners backed the mixed-reality education startup to support team expansion and product development.
"Even before the pandemic, we recognised a market gap between video conferencing tools and VR headsets, where there could have been a suitable remote learning option to teach practical subjects. Lockdown really focused us on the issue and forced us to develop a solution."
The edtech platform raised the funds to accelerate global growth and roll out new product features.
"We built Perlego to help make learning more accessible and affordable for all. We’re meeting learners where they are, online, while helping the publishing industry move to digital in a way that works for them. This investment will help us bring our platform to more people and give them important additional learning tools. With deep experience in helping technology companies grow, we’re thrilled to be working with the Raine Group and Evli, and to continue our partnership with Mediahuis Ventures."
