Perlego raises £7m in Series A funding led by Charlie Songhurst to support platform development and European expansion.
The Series A round was led by angel investors including Charlie Songhurst and will fund new platform features and international growth.
Perlego operates a subscription-based digital library that provides unlimited access to academic, professional, and non-fiction titles. The platform partners with thousands of publishers to serve learners and educational institutions across the globe.
Perlego has secured £7m in Series A funding led by angel investors including Charlie Songhurst, alongside participation from Dedicated VC and Thomas Leysen. The company also received pro rata contributions from existing backers ADV, Simon Franks and Alex Chesterman.
The capital will be directed towards developing new features for the learning platform and expanding the service into key European markets with non English language content libraries.
The business provides an alternative distribution model for academic publishers, protecting revenues from piracy and the second hand market while offering students a cost effective digital library subscription.
From the founder
"Learning should be accessible for all, but unfortunately, the economics of the publishing industry means that this isn’t always possible. With Perlego, we can change this. Our platform widens access to educational materials at an affordable rate while concurrently driving profitability for the publishing sector. This means that more people will be able to enjoy the opportunities afforded to them by education."
Gauthier Van Malderen
Founder and CEO at Perlego
Investor perspective
"With digital services like Perlego, the industry is one step closer to tackling the accessibility issue in education, and publishers can enhance their bottom line through textbook streaming. This business also offers something unique and exciting that appeals to both the academic sector and professionals simultaneously. At Founders Factory we couldn’t be happier to be a part of Perlego’s journey and provide ongoing support for such a talented, young team."
Brent Hoberman
firstminute capital
Use of funds
- 01Continue product development
- 02Expand into international markets
