StudentCrowd secures over £2.5m from Mercia Ventures and regional funds to develop its higher education platform.
The funding was backed by Mercia Ventures, the Midlands Engine Investment Fund and private investors.
StudentCrowd operates a trusted data and insights platform tailored for the purpose-built student accommodation sector. The business combines real-time market data with verified student reviews to assist operators and investors with pricing and asset-level decisions.
StudentCrowd has secured more than £2.5m in funding to enhance its digital platform and expand its service offerings. The investment was supplied through the MEIF Proof of Concept and Early Stage Fund alongside Mercia Ventures, Mercia EIS funds and existing private backers. The injection of capital will support the company as it builds out its offering for the higher education sector.
The Wolverhampton-based business operates a review platform aimed at helping prospective students compare universities, courses and accommodation using verified student feedback. Alongside its consumer service, the company furnishes industry data to various commercial partners and education providers. Following the transaction, the firm has appointed Glenn Jones as its new Chair.
Investor perspective
"Having grown up in a digital world, today’s students are more likely to make decisions based on reviews rather than marketing material. StudentCrowd is the only platform of its type that offers reviews from verified students and covers universities, courses and accommodation. The company has huge potential for growth. This investment will enable it to establish its position as the leader in the UK market and prepare it for international expansion."
Rafael Joseph
Mercia Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
StudentCrowd
StudentCrowd operates a student accommodation data and insights platform for the property sector.