BibliU collects Series A equity fund of $10M to provide students enhanced access to all textbooks and tertiary reading materials
Fremont, CA: BibliU, a renowned digital learning platform that avails easy access to textbooks and reading materials, secures $10 million in a Series A equity funding round. The investment round was led by Nesta Impact Investments and also included Guinness Asset Management, direct investment clients of Stonehage Fleming, and ClearlySo. Being one of the leading Firms in European early-stage edtech investors, Nesta backs mission-focused businesses that seek both social and financial returns. This includes anyone who can empower learners, teachers, and learning institutions to make much effective use of technology and data.
The world is transforming rapidly, carving pathways to a generation of students who demand a level playing field regardless of their needs, and those who expect their education providers to implement digital services to fulfill their needs. May it be remote learning or accessibility, BibliU hopes to deliver a class-leading content platform to more number of universities in the United States.
"As a student at Oxford and the University of Western Australia, I would've loved to have had access to this content online for free. That's why I founded BibliU, and I'm proud to say we've addressed that for hundreds of thousands of students at our partner universities. We're investing in our team and continuing to develop our institutional delivery tools. I'm also thrilled to have Sean Devine joining our board as Chairman, his experience as CEO and President of CourseSmart and Safari Books Online brings invaluable industry experience to our team." Dave Sherwood, CEO of BibliU said. "BibliU is proud to be an innovator for higher education, building an accessible solution for modern students - ensuring that amidst a growing necessity for remote education - textbooks and research materials are accessible to every student."
BibliU will continue to explore an interest in the digital transformation of higher education institutions and invest in them so that all kinds of offering are available. Access to tertiary reading content, enhanced by a first of a kind, institution-wide, a search algorithm that empowers the students to find answers. BibliU's partnership with Coventry University created Europe's most extensive digital content program. It displayed BibliU's companies' commitment to strengthening a digital library environment that provides accessible education and resources to each student.
BibliU's original investor-Oxford Sciences Innovation will remain on the board. They will be joined by Lisa Barclay from Nesta, offering 15 years of impact investing experience, and Sean Devine as the Chairman of BibliU's Board.
"Now more than ever before, education institutions have the opportunity to harness technology to deliver new ways of learning. Nesta is delighted to be investing in BibliU, to support equal access to course materials for all students." Lisa Barclay, Investment Director at Nesta, said.