London-Based Perlego Secures a Record-Breaking $50M Series Funding from Mediahuis

Perlego, a London-based digital learning platform, has secured a record-breaking $50 million in Series funding from Belgian media giant Mediahuis. This marks the largest single funding round secured by a UK-based learning technology company. This investment will support Perlego’s expansion into new markets and further develop its platform to meet the ever-evolving needs of its users.

Perlego, a London-based digital learning platform, has secured a record-breaking $50 million in Series funding from Belgian media giant Mediahuis. This marks the largest single funding round secured by a UK-based learning technology company. This investment will support Perlego’s expansion into new markets and further develop its platform to meet the ever-evolving needs of its users.

Overview of Perlego

Perlego is an online library of more than 250,000 digital learning materials. It provides access to books, magazines and other educational resources for students, professionals and lifelong learners. The platform was founded in 2016 by Gauthier Van Malderen and Matthew Davis and has quickly become one of the most popular digital learning platforms in Europe.

The London-based company Perlego has just announced a $50 million Series B round of funding from the Belgian media giant Mediahuis. This is an incredibly exciting development for the company, which has grown rapidly since its launch in 2018. The investment will help Perlego continue to expand its library of online textbooks and other learning materials, as well as develop its technology platform and provide a better experience for its users.

This is a major milestone for Perlego, which has already seen tremendous success in a short amount of time. With its library of over 300,000 texts, Perlego is providing learners everywhere with the materials they need to succeed. The company’s mission is to make learning more accessible and affordable by providing high-quality, affordable learning materials.

The investment from Mediahuis is a strong validation of Perlego’s business model and its potential for growth. This investment will help Perlego expand its library and technology, enabling the company to reach even more learners. It is also a testament to the hard work of the Perlego team, which has worked tirelessly to make learning more accessible and affordable.

This is an incredibly motivating development for Perlego and its users. With the support of Mediahuis, Perlego will be able to continue to expand its library and improve its technology platform. This is truly a thrilling moment for everyone involved, and we look forward to seeing what the future holds for Perlego.

Benefits of the Investment

The investment from Mediahuis will allow Perlego to expand its operations into new markets and develop its platform further. This will enable the company to reach more users and provide them with access to more learning materials than ever before. The investment will also help Perlego to increase its customer base and grow its revenue.

Plans for Expansion

With the investment from Mediahuis, Perlego plans to expand its operations into new markets in Europe, the US and Asia. The company also plans to further develop its platform to provide users with more personalized learning experiences and to offer more resources for professionals and lifelong learners.

Conclusion

The investment from Mediahuis marks an important milestone for Perlego and it will help the company to further expand its operations and reach more users. With its new funding, the company is well-positioned to become the leading digital learning platform in Europe and beyond. The future of Perlego looks bright, and the company is ready to take the next step in its journey.