E-learning firm Kortext recieves multi-million cash boost
An e-learning firm which provides digital textbooks and learning materials has secured £2.25m of new funding to support its proprietary platform.
Kortext provides access to about 400,000 educational titles from more than 600 publishers, and offers students apps to access and manipulate this information.
Committed Capital, which manages an Enterprise Investment Scheme (EIS) fund investment service, has invested in the Bournemouth-based firm and another education technology company from London.
Steve Harris, chief executive for Committed Capital, said: "Our most recent investments in pi-top and Kortext add to our portfolio of successful EIS investments in growing UK tech companies and are an endorsement of the lucrative and rapidly expanding EdTech sector, which is set to have a profound impact on the way we learn and develop new skills.
"EIS investment is of fundamental importance to companies such as Kortext and pi-top, that are looking to scale-up and take their businesses to the next level."
Kortext already provides textbooks or course notes to students at about 80 UK universities.