MEL Science secures £10.5m in Series B funding led by Mubadala Investment to expand its educational platform.
The funding round was led by Mubadala Investment with participation from Channel 4 Ventures to support product development and international growth.
MEL Science is a London-based educational platform that combines hands-on science kits with virtual reality simulations and live lessons. The company provides subscription-based learning products for children designed for home and school use.
MEL Science has secured £10.5m in Series B funding to scale its subscription-based educational platform and expand into new markets. The investment round was led by Mubadala Investment alongside participation from Channel 4 Ventures and other backers from Europe and China. The fresh capital will support the company as it handles increased demand for home learning tools and continues developing its product range for children.
The funding follows a period of rapid growth for the EdTech firm, which has seen heightened demand during the pandemic as school closures placed increased teaching burdens on parents. MEL Science combines physical science kits with interactive virtual reality simulations and live lessons to help students engage with STEM subjects.
From the founder
"Our mission is to encourage and educate a new generation of scientists. We have found that a subscription model lends itself perfectly to this. As demand for home education resources continues to increase, it provides a way to help parents fill the role of teachers during periods of classroom closures, and continually fuel their kids’ curiosity for, and interest in, subjects that are often difficult to grasp."
Vassili Philippov
Founder and CEO at MEL Science
Investor perspective
"Channel 4 Ventures is absolutely delighted to be investing in MEL Science, which is our first ed-tech investment. With hands-on science, MEL Science caters for the next generation of innovators by giving them something screens alone can’t, at a time when the need for scientific thinking and innovation in education is arguably greater than ever. Channel 4’s audience aligns perfectly with aspirational families and we are excited to be raising awareness of MEL Science at this crucial phase in their development."
Vinay Solanki
Head of Commercial Growth Fund, Channel 4
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
MEL Science
MEL Science provides subscription-based science educational kits combining hands-on experiments with virtual reality and live lessons.