Perlego secures £15.2m in funding led by Sir Terry Leahy to expand international reach and develop AI tools.
The financing round was led by Sir Terry Leahy and will support international expansion and artificial intelligence product development.
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 £15.2m in fresh funding led by former Tesco chief executive Sir Terry Leahy, bringing its total capital raised to $75m. The latest financing round also saw backing from ITHAKA, MediaHuis, Raine, KPN Ventures, and the founders of Kahoot. The company will use the capital to support international expansion and develop new artificial intelligence products, including the newly launched research assistant Dialogo.
The London-based digital library partners with numerous international publishers to offer educational content in multiple languages. The platform is currently utilised across more than 250 institutions worldwide to streamline academic research and source discovery for students.
From the founder
"This investment represents a vital opportunity to drive meaningful change in education and AI more broadly. We’re passionate about providing accessible yet game-changing solutions to education. With the support of Sir Terry Leahy and our strong team of investors, we are excited to accelerate our growth and continue to empower learners worldwide."
Gauthier Van Malderen
Founder and CEO at Perlego
Investor perspective
"Perlego is addressing one of the most pressing challenges in modern education – access to essential learning materials. This investment is a vote of confidence in Perlego’s innovative approach to learning and the platform’s potential to reshape the educational landscape. Investing in the futures of young people has always been a passion of mine, and I am particularly committed to funding research in areas of regional disparity. I look forward to seeing how the business continues to transform access to education and I am incredibly proud to play a part in the journey that aligns so closely with my own values."
Terry Leahy
Former Tesco CEO, Sir Terry Leahy
Use of funds
- 01Expand into international markets
- 02Continue product development
