Perlego secures £38.2m Series B investment led by Mediahuis Ventures to expand internationally
The edtech platform raised the funds to accelerate global growth and roll out new product features.
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 £38.2m in a Series B funding round led by Mediahuis Ventures. The investment also drew participation from Raine Ventures and Evli Growth Partners, alongside strategic publishers and angel investors including Kahoot founders Jamie Brooker and Johan Brand.
The capital will be deployed to accelerate international expansion, particularly in the US market, and to support the rollout of new products and platform features.
Perlego provides a subscription model designed to combat high textbook costs and academic piracy by offering students unlimited access to educational titles while securing revenue for publishers.
From the founder
"We built Perlego to help make learning more accessible and affordable for all. We’re meeting learners where they are, online, while helping the publishing industry move to digital in a way that works for them. This investment will help us bring our platform to more people and give them important additional learning tools. With deep experience in helping technology companies grow, we’re thrilled to be working with the Raine Group and Evli, and to continue our partnership with Mediahuis Ventures."
Gauthier Van Malderen
Founder and CEO at Perlego
Investor perspective
"The market for educational content has lagged other types of content, which have successfully digitized and offered new models of consumption to users. We believe that adoption of an online subscription model in this category is inevitable, and that Perlego’s platform and business model will lead the education industry in this digital shift. We are excited to partner with Gauthier and the entire Perlego team in this journey."
Elizabeth Brillman
Venture Capital Partner, Raine Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
