London-based edtech firm BibliU raised $10 million from Nesta Impact Investments in a Series A funding round. Other investors in the round include Guinness Asset Management, Oxford Sciences Innovation, and investors associated with impact investment bank ClearlySo. The latest round of funding was completed on Apr 17, 2020.
With the current funding, the company aims at empowering remote learning for students in the U.S. and U.K. It has also shown interest in other parts of North America and Europe. In the long run, the company may also look at expanding into professional and K-12 sectors.
BibliU has raised over $15 Million from about 14 investors. It has, so far, raised funding from over 6 investment rounds. In 2018, the company raised $4 million in funding from the University of Oxford Innovation Fund III.
Bibliu was founded in 2013 by its current CEO David Sherwood with Daniel Engelke, Tao Mantaras, Ryan White, and Ellis Gecan. It was established at the Oxford University Startup Incubator.
The platform provides textbooks and reading material to students at low prices from over 2000 publishers. As per a report in EdSurge, the company changed its business model a couple of years ago to sell to universities and publishers instead of students.
Their app supports offline reading, and protects content against sharing and copying. It can be integrated with various Learning management systems used by higher education institutions. The platform offers analytics to universities about students’ reading behaviour, success in understanding the material, etc.
Besides offering course content to students at affordable prices, Bibliu also offers tools for accelerated learning. Its library subscriptions are designed to make learning material available in library databases.