EdTech learning platform CogBooks closes £1.75m deal
DC Thomson Ventures and Nesta lead investment in Edinburgh company which “helps improve” student learning experiences
CogBooks, a company which specialises in education technology (EdTech), has secured a £1.75m funding round which involved DC Thomson Ventures, Nesta Impact Investments, and the Scottish Investment Bank; the investment arm of Scottish Enterprise.
Established in 2004, Edinburgh-based CogBooks is a cloud-based learning platform targeted at students in post-secondary education, which claims to improve exam results and retention of information.
Its platform is used by a range of publishers and organisations across both the UK and US including Edinburgh University, the OCR exam board and the Bill and Melinda Gates Foundation.
CogBooks CEO Jim Thompson said that the investment will be used to expand the company and develop the learning experiences it offers to students.
Thompson commented: “Throughout the world, we face the problem of how to make the highest quality education available to everyone.
“We believe that a new generation of learning technologies, of which CogBooks is an example, can help to solve this problem. We are working with our partners to bring these new technologies to teachers and help them to transform the way that learning is achieved.”
Discussing its decision to back CogBooks, Nesta Impact Investments’ Matt Mead, said:
“We invested in CogBooks because of their unique approach to personalised web-based learning, which sees them put the student at the heart of their technology. By really understanding how young people learn and working with education providers to ensure content is relevant, CogBooks enables learners to get the most from their experience while also supporting teachers.”