What is Perlego?
Perlego operates as a digital platform dedicated to making education accessible, diverse, and open to a multitude of perspectives. The company provides extensive access to a wide array of books with educational value, encouraging readers to develop their own insights. This approach positions Perlego as a key player in the online learning space, catering to a broad audience seeking knowledge and diverse viewpoints.
How much funding has Perlego raised?
Perlego has raised a total of $79.6M across 4 funding rounds:
Angel/Seed
$609K
Series A
$9M
Series B
$50M
Other Financing Round
$20M
Angel/Seed (2016): $609K, investors not publicly disclosed
Series A (2019): $9M led by ADV, Simon Franks, Alex Chesterman, Thomas Leysen, and Charlie Songhurst
Series B (2022): $50M supported by Mediahuis, Evli Growth Partners, and The Raine Group
Other Financing Round (2024): $20M featuring Mediahuis, Ithaka, Raine, and Kpn Ventures
Key Investors in Perlego
Mediahuis
Mediahuis is Ireland's leading print and digital media publisher, reaching millions of consumers daily. The company publish some of the most well-read media brands on the island of Ireland including the Sunday Independent, the Belfast Telegraph, BelfastTelegraph.co.uk, Independent.ie and the Sunday World.
Ithaka
Founded in 1995, Ithaka is a independent not-for-profit organization offering provides research and strategic guidance to help the academic and cultural communities serve the public good and navigate economic, technological, and demographic change. ITHAKA is located in New York City.
Raine
Raine Inc offers a range of products and services, primarily focusing on outdoor and tactical gear. Their catalog includes various items designed for adventure enthusiasts and professionals in need of reliable equipment.
What's next for Perlego?
The recent major strategic investment in Perlego signals a pivotal moment for the company, likely enabling further development of its platform, expansion of its content library, and enhancement of its user experience. This capital infusion is expected to accelerate Perlego's mission to democratize education and solidify its market position. The company is poised for continued expansion, leveraging this financial backing to reach new heights in the ed-tech sector.
See full Perlego company page
