BibliU secures £4.7m Series B funding to support international expansion
The company has raised a fresh tranche of capital from backers including Wealth Club to drive growth across the UK and US.
BibliU provides digital learning platforms for higher education institutions. The company aims to make educational content more accessible and affordable for students.
BibliU has secured £4.7m in a new tranche of Series B funding to support its expansion across the UK and US markets. The investment follows an earlier £12m raise in June 2022 and was backed by a mixture of new and existing private investors, including Sparkmind, Stonehage Fleming, Crowdcube Private Angels, Wealth Club, OIC and Oxin.
The proceeds from the latest round will be directed towards international expansion, product development, building publisher partnerships, and bolstering sales and marketing activities. The company has experienced significant recent growth, driven by increasing demand for digital-first learning platforms in higher education.
From the founder
"This latest round of investment in BibliU, from a hugely experienced group of investors, will only serve to further our mission to provide high-quality, accessible and vital learning resources at an affordable cost."
Dave Sherwood
Co-Founder and CEO at BibliU
Investor perspective
"BibliU is a great example of a company solving long existent problems with modern day tools. It allows hundreds of thousands of students to access course materials at little or no cost, helping to improve the accessibility of education while also improving learning outcomes. This inturn has delivered great commercial success, with a proven product in a growing market and the pandemic has only accelerated demand."
Alex Davies
CEO and Founder, Wealth Club
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Invest in sales and marketing
