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."
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."
The financing round was led by Sir Terry Leahy and will support international expansion and artificial intelligence product development.
"Perlego is addressing one of the most pressing challenges in modern education – access to essential learning materials. This investment is a vote of confidence in Perlego’s innovative approach to learning and the platform’s potential to reshape the educational landscape. Investing in the futures of young people has always been a passion of mine, and I am particularly committed to funding research in areas of regional disparity. I look forward to seeing how the business continues to transform access to education and I am incredibly proud to play a part in the journey that aligns so closely with my own values."
The funding round was led by Nesta Impact Investments with co-investment from GC Angels to support national and international growth.
"We’re so pleased to have our new investment partners on board and them acknowledging the potential in all we do at Gaia Learning to help school partners, learners and their families. We have tripled our learners this academic year, grown our team to 12 staff members and seen huge demand from children who are struggling in mainstream education. Now, more than ever, schools need flexible, digital solutions that can scale within budget supporting each neurodivergent child’s needs."
