Total amount raised
$79.1 Million
Latest funding date
2024-10-08
Location
Perlego offers a digital library with over a million textbooks available through a single membership, trusted by over 5,000 academic publishers. The platform also provides various study tools, a mobile app for on-the-go learning, and smart search features to streamline academic research.
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 that provides access to a vast digital library of academic books. The company collaborates with educators and publishers to offer over a million books, aiming to make learning more accessible and effective.
Based in London, Perlego operates within the online subscription service industry for academic books and educational resources. The company is trusted by over 5,000 academic publishers and is used by students and institutions worldwide.
How Much Funding Has Perlego Raised?
- Seed Round
- Amount Raised: USD 500,000
- Date: August 2016
- Lead Investors: Not specified
- Seed Round
- Amount Raised: USD 400,000
- Date: November 2017
- Lead Investors: Not specified
- Seed Round
- Amount Raised: USD 4,800,000
- Date: September 2018
- Lead Investors: ADV
- Series A
- Amount Raised: USD 9,000,000
- Date: November 2019
- Lead Investors: Not specified
- Series B
- Amount Raised: USD 40,000,000
- Date: March 2022
- Lead Investors: Mediahuis
- Series C
- Date: April 2023
- Lead Investors: KPN Ventures
- Non-Equity Assistance
- Date: January 2024
- Lead Investors: Amazon Web Services
- Series Unknown
- Amount Raised: USD 18,100,000
- Date: October 2024
- Lead Investors: Sir Terry Leahy
In total, Perlego has raised USD 72,800,000 across all funding rounds.
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, Purplebricks
- 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. AWS is a leader in the cloud computing industry, offering a wide range of services.
- Investment Focus Areas: Cloud computing, artificial intelligence, machine learning
- Notable Investments: Not publicly disclosed
- KPN Ventures
- Details: KPN Ventures is the venture capital arm of KPN, a leading telecommunications and IT service provider in the Netherlands. The firm focuses on investing in innovative technology companies.
- Investment Focus Areas: Telecommunications, IT services, cybersecurity
- Notable Investments: EclecticIQ, Actility, SecurityMatters
- Mediahuis
- Details: Mediahuis is a leading media company based in Belgium, with a strong presence in the Netherlands, Ireland, and Luxembourg. The company owns several prominent newspapers and digital media platforms.
- Investment Focus Areas: Media, digital content, publishing
- Notable Investments: NRC Media, INM, Telegraaf Media Groep
- ADV
- Details: ADV is a venture capital firm that invests in early-stage technology companies. The firm focuses on supporting innovative startups with high growth potential.
- Investment Focus Areas: Technology, software, digital media
- Notable Investments: Not publicly disclosed
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