Education technology firm Sumdog has set its sights on a continued expansion of its services and reach across the UK and the United States.
It follows the Edinburgh firm securing £1.4m from Nesta Impact Investments and the Scottish Investment Bank, the investment arm of Scottish Enterprise.
Sumdog’s games-based learning system has been used by three million children in the UK and the US to improve their attainment in maths and English. It saw a 50% increase in turnover during 2016 and expects to build on significant recent turnover growth during 2017.
Immersive 3D learning
The company aims to have helped 15 million children across both countries by 2022. It also plans to create an immersive 3D learning environment, to enhance engagement with children. Following the investment, the firm anticipates creating new jobs in Edinburgh and New York.
“Our core mission is to close the educational attainment gap by helping all children reach their full potential,” said chief executive Andrew Hall.
“By capturing children’s imagination, Sumdog wants to become a world leader in online learning, starting with maths and English but ultimately covering a much broader range of subjects.”
Innovative education technology
Ishaan Chilkoti, a member of the Nesta Impact Investments team added: “This investment aligns with [our] strategy to invest in innovative approaches and technologies.”
Kerry Sharp, director of the Scottish Investment Bank said: “Our decision to provide growth funding to Sumdog was based on the company’s innovative approach, commitment to inclusion, international outlook and economic added value.
“Sumdog is another example of a strong, successful Scottish company to come out of Edinburgh’s tech business hub and is a huge endorsement for Scotland’s position as one of the leading tech hubs in the world.”
In addition to investment, Scottish Enterprise has been supporting the company through its account management team in areas such as innovation, R&D and international market development.
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