Private equity firm NorthEdge backs PebblePad to accelerate growth and US expansion.
"PebblePad is used by 130 higher education institutions worldwide, including 30 of the top-ranked global universities, and our commitment to transforming learning experiences is unwavering, Partnering with NorthEdge allows us to fast-track our growth plans in the United States, introduce new features, enhance our expertise through access to a wider network, and further our mission to deliver exceptional student experiences and outcomes."
The Liverpool-based startup has raised £500k in pre-seed investment alongside an Innovate UK grant to fund international expansion and product development.
"We truly believe that re-commerce will be as game changing as ecommerce was 20 years ago and brands can now activate this new revenue channel within a few days."
American Student Assistance backed the investment to scale virtual work experience programmes for young people.
"The quality of Springpod’s experiences impressed us deeply, and we’re excited to support their efforts in increasing access to invaluable youth work-based learning experiences in the U.S.Far too many young people are graduating from high school without having completed any sort of work-based learning experience needed to help them make informed, confident decisions and navigate a path to postsecondary education and career success. Springpod is perfectly positioned to address this challenge at scale."
Apis Partners led the secondary transaction, which brings in new backers including Amundi and provides liquidity for thousands of existing shareholders.
"We are excited to welcome Apis and Amundi, who share our vision for how we can help millions of customers build wealth so they can live the life that they want – whether that’s saving for their first place in their 20s, being their own boss in their 40s, or taking the gap year that they never got round to in their 60s. Their expertise and support will be invaluable as we move into the next stage of our journey."
Octopus Ventures backed the growth capital round to fund international expansion and AI capability enhancements.
"At Vyn ® we are turbo-charging frontline productivity by eliminating typing, form-filling & unnecessary field visits. Our next-gen, intelligent video-data-capture & collaboration platform simplifies and speeds up interactions for all players involved – customers, contractors and colleagues – on a single platform"
