Sparx secures £20m Series B funding from Oxygen House to expand educational technology reach.
Oxygen House led a £20m Series B round in Exeter-based learning technology company Sparx.
Sparx builds learning technology products designed to support classroom teaching and student revision. Based in Exeter, the company uses data analytics and adaptive systems to improve educational outcomes.
Exeter-based educational technology company Sparx has secured £20m in a Series B funding round from Oxygen House. The capital follows an earlier £30m injection from the same backer, bringing total funding from the group to £50m. The firm plans to use the resources to scale its operations internationally and expand its educational reach.
Founded in 2010, Sparx produces digital learning platforms including its flagship maths tool, which combines thousands of curriculum questions with adaptive software. The business works closely with schools to trial and refine its approach, aiming to reach more than 5m learners by the end of the decade.
From the founder
"Oxygen House is a dynamic group of companies and we are delighted to have their backing. From day one they have shown a strong belief in our vision for Sparx. This new investment will help us to firmly position Sparx at the forefront of edtech and build on the success we have already achieved with our partner schools. The ongoing support of Oxygen House will enable us to have a significant impact on education nationally and beyond the UK."
Dan Sandhu
CEO at Sparx
Investor perspective
"We are committed to helping to improve education so that young people gain the best outcomes and can have a positive impact on society throughout their lives. Our investment in Sparx demonstrates this, and we are excited to see how this innovative, socially focused company, can transform learners’ lives across the world."
Roy Bedlow
Director, Oxygen House
Use of funds
- 01Expand into international markets
- 02Scale operations