The UK-based startup Firefly has transformed the school education through its next-generation smart learning tools. And now, the edtech startup has just gone through a capital inflow of €5.8 million.
The investors in the series B funding round include Downing Ventures BGF and Beringea. Earlier in 2016, the startup raised £4.5 million in series A funding – the largest for any edtech platform in the UK.
Simon Calver, Head of Venture Investments at BGF said, “Firefly has built an effective, easy-to-use tool that connects teachers, parents and students and ultimately enhances the educational experience for young people. The team continues to drive growth on an international scale since BGF’s original investment and we’re looking forward to being part of this exciting next stage of their global journey.”
Firefly – the simplest school learning tool
Firefly integrates teachers, students and parents for smart study plans and help them to review homework inside and outside of the classrooms. The platform adopts the best possible ways for students to make them learn.
On the other hand, parents remain involved in every step of the child’s learning. It is the one-go solution combining the best contents across providers for school ecosystem.
Firefly – caters students in 40 countries
Firefly maintains a learning network incorporating more than a million students, teachers and parents from 40 countries. The edtech startup is the market leader in the UK independent senior schools with a 50% user base.
Real-time assessment of student progress
To develop new ranges of cutting-edge products, the edtech startup is planning to invest £3 million in R&D. Further, the smart and efficient tools will enable teachers, management and parents to have a real-time outlook on student progress.
Aims to expand more
After the latest fund infusion, Firefly is looking forward to escalating its global expansion. Besides, bolstering its market share in the UK independent and state schools is still in its priority. Further, the startup will widen its team and build up more partnership with other edtech solutions.
Simon Hay from Firefly Learning expressed, “At Firefly, our ambition is to supercharge the school experience, so every student can reach their potential. This investment will enable us to move more quickly towards empowering teachers, students and parents, adding to the hundreds of thousands using the tool every day.”
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