Perlego Raises $20 Million to Enhance Educational Access
Perlego, an innovative edtech company headquartered in London, UK, has recently announced an impressive funding round in which it successfully raised $20 million. This significant financial boost elevates the total amount raised by the company to an impressive $75 million since its inception. This funding round was led by the prominent Terry Leahy, a key figure in the investment world, and saw participation from a diverse group of investors including ITHAKA, MediaHuis, Raine, and KPN Ventures. The support from such reputable partners underscores the growing interest and belief in Perlego’s mission to revolutionize educational access for students around the globe.
Founded in 2017 by Gauthier Van Malderen, who serves as the CEO, Perlego has established itself as a subscription-based digital library that offers an extensive collection of over a million academic, professional, and non-fiction books across a wide range of subjects.
This platform not only enables students to access vital educational resources but also caters to a general audience looking for high-quality informational content. Users can easily access books within the library as long as their subscription remains active, positioning Perlego as a convenient and cost-effective alternative to traditional textbooks and academic materials.
With the recent influx of funds, Perlego is looking to amplify its efforts in expanding its international presence and enhancing its product offerings through the integration of cutting-edge artificial intelligence technologies. The company is particularly focused on developing tools that will improve accessibility to educational content, one of which is Dialogo, an AI-powered research assistant designed to aid users in their academic pursuits. This emphasis on innovation and global reach exemplifies Perlego’s commitment to supporting learners and educators alike, ensuring that quality academic resources are available to all, regardless of their geographical location.
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