Kortext secures £15m Series B funding from dmg ventures to accelerate platform development
The investment from dmg ventures will fund product development as student demand for digital learning increases.
Kortext operates a digital teaching and learning platform that delivers textbooks and course materials to university students. The company partners with major publishers and institutions to support remote and blended learning.
EdTech provider Kortext has secured £15m in Series B funding from dmg ventures to accelerate its product roadmap. The capital will support further platform development in partnership with university clients as demand for remote and blended learning increases.
Alongside the investment, dmg ventures will take a seat on the company board through Paul Zwillenberg. The raise follows a period of rapid growth for the firm, which counts the majority of Russell Group universities among its clients and has expanded its headcount significantly over the past year.
Use of funds
- 01Continue product development
