Hambro Perks provides growth debt funding to back the artificial intelligence education platform.
"We're really excited to be working with Hambro Perks and to join their impressive portfolio of industry-leading businesses that are changing the world. Their investment will allow us to continue our global expansion on a mission to improve education through innovative, effective and ethical AI technology."
The investment was backed by Ufi Ventures and existing investor TwinklHive to support product development and international growth.
"We are delighted to be able to provide further support to Fabrio. Jay, Anirudh and team have worked hard over the past 18 months to successfully launch Fabrio into schools and universities and we are excited to follow them on the next stage of their journey"
Leonard Green & Partners joins Hg and ICG to back the accounting and payroll software provider.
"To secure backing from a leading US investor in LGP, alongside the continued support of Hg and ICG, underscores IRIS’s enduring success over many decades. Our unparalleled product portfolios combined with excellent customer service have resulted in IRIS being a leader in our sectors. We have also expanded our country presence with a notable focus on the US, so LGP’s local expertise will be instrumental in our acceleration to a world-class transatlantic business."