Learning Possibilities Group announces Series A Financing from Niveda Group, Impact Ventures UK and others.
Learning Possibilities announced today that it has secured £3.9 million (UKP) in capital and debt for its Series A financing round, in order to accelerate growth and increase the adoption
of its cloud solutions for the education market. The financing represents a significant investment in learning platforms and reinforces our confidence in the sector, both in the UK and globally. The round was led by Niveda Group and Impact Ventures UK with a number of other investors and debt providers.
With 12 years of experience in delivering educational solutions, Learning Possibilities has more than 1.6 million users around the world today who use its secure, learning platform for school, class and pupil management, helping teachers and students to achieve more.
Learning Possibilities intends to use the additional financing to further drive market adoption, expand its global reach, accelerate product development and innovation, invest in additional sales, marketing and customer service resources, and evaluate strategic opportunities.
“Learning Possibilities’ goal is to empower teachers and students to achieve greater performance through enabling both social, educational and technical skills – to help them connect, inform, and succeed like never before,” says Mehool Sanghrajka, CEO of Learning Possibilities. “This capital gives us additional resources to expand quickly and strategically into new markets, innovate rapidly, and deliver on our vision around the world”.
“LP’s potential to drive improvement in educational outcomes and create sustained social impact, along with the scalability of its business model and the experience of its management team, made this a compelling investment opportunity for us,” says Shantanu Bhagwat, Venture Partner at Impact Ventures UK. “We are excited by the company’s product offerings, including LP+365 and their promise to create an engaging, collaborative and intuitive learning environment for students and teachers.”
“It is very rare to find a technology solution that requires little, training or technical support”, says Vishaal Shah, Chief Investment Officer of Niveda Group. “The simplicity of LP+365, which has transformed the traditional Office 365 software suite into an intuitive application, gives us great confidence that it will continue to be used widely, making education, knowledge and information easily accessible by all communities regardless of literacy levels”.