How Much Did Perlego Raise? Funding & Key Investors

Perlego is a digital library subscription service that aims to make knowledge more accessible by offering a vast collection of academic books. The platform collaborates with educators and publishers to provide over a million books globally, along with study tools and smart search capabilities.

Keep reading to explore the intricacies of Perlego's fundraising journey and the investors backing this innovative platform.

What Is Perlego?

Perlego is an online subscription service in the online education and digital libraries industry. The company is headquartered at 4th Floor, WeWork, 26 Hatton Gardens, London, EC1N 8BR.

Perlego collaborates with educators and publishers to offer a digital library of over a million academic books. The platform includes tools like Smart Search and study guides to enhance learning, making it a trusted resource for numerous academic institutions.

How Much Funding Has Perlego Raised?

1. Seed Round
   • Amount Raised: $500K
   • Date: August 2016
   • Lead Investors: -
2. Seed Round
   • Amount Raised: £400K
   • Date: November 2017
   • Lead Investors: -
3. Seed Round
   • Amount Raised: $4.8M
   • Date: September 2018
   • Lead Investors: ADV
4. Series A
   • Amount Raised: $9M
   • Date: November 2019
   • Lead Investors: -
5. Series B
   • Amount Raised: £38M
   • Date: March 2022
   • Lead Investors: Mediahuis
6. Series C
   • Amount Raised: -
   • Date: April 2023
   • Lead Investors: KPN Ventures
7. Non-Equity Assistance
   • Amount Raised: -
   • Date: January 2024
   • Lead Investors: Amazon Web Services
8. Venture Round
   • Amount Raised: €18.1M
   • Date: October 2024
   • Lead Investors: Sir Terry Leahy

Perlego has raised a total of $54.7M in funding.

Key Investors

• Sir Terry Leahy
  • Details: Sir Terry Leahy is the former CEO of Tesco, one of the largest retail chains in the UK. He is known for transforming Tesco into a global retail giant during his tenure.
  • Investment Focus Areas: Retail, technology, consumer goods
  • Notable Investments: The Hut Group, B&M Retail, MetaPack
• Amazon Web Services
  • Details: Amazon Web Services (AWS) is a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments.
  • Investment Focus Areas: Cloud computing, artificial intelligence, machine learning
  • Notable Investments: Slack, Snowflake, Pinterest
• KPN Ventures
  • Details: KPN Ventures is the venture capital arm of KPN, a leading telecommunications and IT service provider in the Netherlands. They focus on investing in innovative technology companies.
  • Investment Focus Areas: Telecommunications, cybersecurity, IoT
  • Notable Investments: EclecticIQ, Actility, SecurityMatters
• Mediahuis
  • Details: Mediahuis is a leading media company in Belgium and the Netherlands, known for its extensive portfolio of newspapers, magazines, and digital media.
  • Investment Focus Areas: Media, digital publishing, advertising
  • Notable Investments: NRC Media, De Standaard, Telegraaf Media Groep
• ADV
  • Details: ADV is a venture capital firm that invests in early-stage technology companies. They focus on supporting innovative startups with high growth potential.
  • Investment Focus Areas: Technology, software, digital media
  • Notable Investments: Push Doctor, WeFarm, Gousto

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