Tech

The equality-focused learning platform raises $ 15 million in Series B funding

BibliUprovider of a Learning Enablement platform and eTextbooks, announced that it has raised the first $ 15 million of its Series B funding.

The new funds were led by the company’s current investors with the participation of new investors.

The funds are intended for expansion into the US market, including new product development, further partnerships with publishers, and additional investments in sales and marketing.

During fiscal year 2021, BibliU achieved a 236% growth in recognized revenues. The company officially launched its Universal learning solution. This collects digital content from thousands of publishers and opens educational resources on a single platform at a low price, per student, per class.

BibliU aims to address long-standing issues in higher education that have a direct impact on student success, especially the hidden costs associated with textbooks and course materials. Sixty-five percent of students in the United States assuming that you have not purchased the course content due to cost.

Similar BibliU research found that 70% of students in the UK skipped purchasing textbooks and teaching materials.

With digital content helping to compensate for socioeconomic disparities, BibliU hopes to help colleges and universities promote diversity, equity and inclusion.

BibliU co-founder and CEO Dave Sherwood said, “We are thrilled to announce our successful Series B, which will fuel our growth over the next few years.

“This funding will allow BibliU to develop additional technology that further automates content management for publishers. It will also simplify the complexities for institutions associated with learning content management, and most importantly, support our clients’ goals to advance student success fairly. “


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The equality-focused learning platform raises $ 15 million in Series B funding

Source link The equality-focused learning platform raises $ 15 million in Series B funding

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