The financing round was led by Sir Terry Leahy and will support international expansion and artificial intelligence product development.
"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."
The edtech platform raised the funds to accelerate global growth and roll out new product features.
"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."
