London-based startup Perlego raises £7 million

by Startacus Admin
Funding success will see this startup's development and expansion plans move forward

Perlego’s core aim is to make education material accessible for all. It currently provides access to over 300,000 eBooks, from over 2,300 publishers, cross-device and in multiple languages and now includes content from key publishers in Germany, the Nordics and Italy.
However, Perlego’s success has not just been confined to the academic sector, with a significant number of professionals also using the platform, thereby indicating that it could have an impact on knowledge sharing well beyond the traditional education sphere.
The Perlego platform provides solutions to many of the issues that face the academic publishing sector. Textbook prices have increased at three times the rate of inflation since 1978 and UK students currently spend on average £400 per year on textbooks. Perlego on the other hand gives its users access to the entire digital library for £12 per month - a considerable saving.

Whilst the volume of academic materials being sold in physical form has declined since 2014, digital textbooks have seen an increase in their market share and that looks set to continue. Perlego therefore is ensuring that publisher revenues are protected while at the same time widening user access to educational materials.
Speaking on today’s investment news , Gauthier Van Malderen, co-founder and CEO at Perlego noted:
“Learning should be accessible for all, but unfortunately, the economics of the publishing industry means that this isn’t always possible. With Perlego, we can change this. Our platform widens access to educational materials at an affordable rate while concurrently driving profitability for the publishing sector. This means that more people will be able to enjoy the opportunities afforded to them by education.”
It is a sentiment echoed by Brent Hoberman, Co-Founder and Executive Chairman, Founders Factory: "With digital services like Perlego, the industry is one step closer to tackling the accessibility issue in education, and publishers can enhance their bottom line through textbook streaming.”
Here at Startacus HQ, we’re looking forward to seeing how this investment helps Perlego further develop its innovative platform. We love seeing one of our former startups of the week going from strength to strength!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers

The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning

10 startups solving challenges the aerospace sector faces are selected for the latest ATI Boeing Accelerator. We took a look at the cohort

Whether you're recruiting for a small tech startup or a large well-established organisation, these tips will help you stay on top of your game

The lowdown on the innovative EdTech app Tappity that's on a mission to help kids learn about science in a way they'll actually enjoy...

AlphaBeats is a startup that's created an innovative way to help us all us fight stress while we unwind listening to our favourite music

Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base

Whirli is an innovative toy subscription service providing you with access to a huge ever-changing toy box

To help businesses make their employees feel secure in the current lockdown, Jayne Harrison, Head of Employment Law at Richard Nelson LLP outlines the legalities that they should adhere to

If, like many of us you're working from home at the moment, here are a few basic tips to help you do just that - in comfort
Published on: 19th November 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- No-Code Chatbot Builder Landbot Secures $8M Series A 20th Jan 2021 The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
- Supporting disadvantaged children with their online learning 19th Jan 2021 The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning
- Insurtech startup, Nayms Closes £1.5m seed round 15th Jan 2021 Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base
- Innovative InsurTech startups take note - Lloyds Lab wants to hear from you 14th Jan 2021 The award winning Lloyds Lab incubator is back and is currently seeking innovative startups to join its latest cohort, Cohort 6.