Founded in 2001, edutech scaleup Edumundo focuses on higher and vocational education. The Hague-based startup raised an investment of €1.2 million at a consortium, consisting of the investors Capital Mills, InnovationQuarter, and the Edumundo founders. In addition to the investors, the founders themselves also participate substantially in the investment.
Patrick Bouwens, co-founder, and CTO said:
“We cannot express more faith in the future than this”
Led by a group of relatively young lovers of education, they have developed a unique book-replacing platform: the Edubook.
Minister of Education, Culture and Science, Van Engelshoven:
I believe it is important that we support the collaboration between EduTech companies like Edumundo and education. It is good to see that private parties are willing to invest in the Educational Technology sector.
With offices in the Netherlands and the United Kingdom, they deliver high-quality game simulations and an online book-replacing platform. Edumundo collaborates with dozens of professional writers for this and develops all technology themselves.
Menno Thijssen, co-founder and CEO, said:
It should be clear that we, as entrepreneurs, aim to expand the business in terms of revenue. After several years of research, we can now also steadily show that exam grades significantly improve for students using our Edubook platform. Thus social objectives are reached as well.
The Dutch startup Edumundo tries to help colleges and universities with the durable deployment of their teachers, increasing study success rates, and improving student motivation.
We are incredibly happy with InnovationQuarter’s and Capital Mills’ trust. Raising this investment provides Edumundo with the opportunity to change education by developing and internationalising innovative technologies faster indeed. Those technologies are not only aimed at expanding our titles, but we will also start helping educational institutions to reduce the student drop-out rate, increase the student success rate, improve students’ soft skills, and boost the employability of its teachers. Edumundo also uses the money to let teachers give training courses in business so that they can keep their practical knowledge up to date.
Main image picture credits: Edumundo
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