October’s European edtech deals

A monthly overview

In October, the edtech market in Europe saw 8 companies raise $46.21m in VC funding, an impressive 140% increase on the $19m raised across 6 deals in September.

October’s largest European edtech deals:

– Simpleshow raised $15m in a funding round led by BIP Investment Partners

– Brainly raised $14m from Kulczyk Investments

– Lix Technologies closed a $5.4m deal led by David Helgason

Read on for the full list of edtech deals in October.

Brainly

Brainly is a Quora-style Q&A website led by students. Millions of users are asking and answering education-orientated questions (via FinSMEs).

• Location: Kraków, Poland
• Round: $14m
• Date: 26/10/2017
• Stage: Series B
• Total Raised to Date: $38.5m
• Investors: Kulczyk Investments

BridgeU

London-based BridgeU helps students make smarter higher education choices. It provides schools a data-driven course-matching programme, recommending the universities that best fit the needs of specific students alongside career guidance (via TechCrunch).

• Location: London, United Kingdom
• Round: $5.3m
• Date: 17/10/2017
• Stage: Series A
• Total Raised to Date: $8.2m
• Investors: Octopus Ventures

Chatterbug

Chatterbug is a project launched by a former Github co-founder to help people master language skills through one-to-one video sessions with native speakers (via TechCrunch).

• Location: Berlin, Germany
• Round: $1.8m
• Date: 21/10/2017
• Stage: Seed
• Total Raised to Date: $1.8m
• Investors: SV Angel and Fly Ventures

Curiscope

Curiscope is a novel use of augmented reality, bringing anatomy to life (via TechCrunch).

• Location: Brighton, United Kingdom
• Round: $1m
• Date: 03/10/2017
• Stage: Seed
• Total Raised to Date: $1.1m
• Investors: LocalGlobe

Lix Technologies

Lix Technologies offers students a way to buy digital copies of textbooks with full-text search and highlights saved across the platform. In a competitive space, Lix Technologies opted to go with a paid-upfront model over subscriptions (via Business Insider Nordic).

• Location: Aarhus, Denmark
• Round: $5.4m
• Date: 07/10/2017
• Stage: Funding
• Total Raised to Date: $8.5m
• Investors: David Helgason

Mathesia

Mathesia is a platform connecting businesses to high-profile mathematicians to help them solve commercial challenges (via FinSMEs).

• Location: Milan, Italy
• Round: $813k
• Date: 08/10/2017
• Stage: Seed
• Total Raised to Date: $813k
• Investors: Undisclosed

Shaw Academy

Shaw Academy has over 4m students learning skills through live online classes with internationally accredited professional diplomas (CrowdFund Insider).

• Location: Dublin, Ireland
• Round: $2.9m
• Date: 26/10/2017
• Stage: Funding
• Total Raised to Date: $2.9m
• Investors: Equity Crowdfunding on Crowdcube (1,600+ investors)

Simpleshow

Simpleshow creates simple and impactful video templates to explain complex topics (via TechEU).

• Location: Luxembourg
• Round: $15m
• Date: 23/10/2017
• Stage: Venture
• Total Raised to Date: $35.4m
• Investors: BIP Investment Partners