Learning Labs secures £250k from the Midlands Engine Investment Fund to expand its team
The Birmingham technology company secured the follow on debt investment from the Midlands Engine Investment Fund to support job creation and digital marketing.
Learning Labs builds digital education tools, notably the FlashAcademy app, to support English as an Additional Language teaching in schools across the UK.
Birmingham based education technology company Learning Labs has secured £250k in seed follow on investment from the Midlands Engine Investment Fund. The funding was provided through The FSE Group Debt Finance Fund with backing from the Recovery Loan Scheme.
The capital will be directed towards creating new jobs and expanding the company's digital marketing department. FlashAcademy, the firm's flagship digital education platform, supports teaching English as an Additional Language in schools and colleges across the UK.
Veejay Lingiah, chief executive of Learning Labs, noted that the loan provides appropriate funding at an optimal time to scale the business and expand its offering. Harriet Saunders of The FSE Group added that management sought debt financing to avoid equity dilution following earlier investment rounds.
From the founder
"At Learning Labs we believe that every child and young person across the UK deserves to be getting the best from their education experience. Our product supports teachers in unlocking the potential of non-native-speaking students without the need for time and budget resources that many schools and colleges do not have. With this MEIF loan, FSE has provided the right funding at the right time to support this next phase of our growth as we continue to develop our offering, expand into the FE market, and further scale the business."
Veejay Lingiah
CEO at Learning Labs
Investor perspective
"Having already attracted significant equity investment, its management was keen not to dilute ownership with further equity at this stage. We are delighted to provide this market-leading business with the growth funding needed to support it through this next phase of growth and look forward to working with this innovative team."
Harriet Saunders
Portfolio Manager, The FSE Group
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
Investors
Categories
About the company
Learning Labs
Learning Labs builds digital education tools for schools.