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Sumdog Secures £1.4m in Funding for Global Expansion

Chloe Henderson

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education technology

Edinburgh-based education technology firm sets sights on global expansion with the help of £1.4m in funding from Nesta Impact Investors and the Scottish Investment Bank.

education technologyEdinburgh-based education technology firm Sumdog has secured £1.4m in funding from Nesta Impact Investors and the Scottish Investment Bank, the investment arm of Scottish Enterprise.

Last year, Sumdog’s innovative games-based system engaged approximately 3m children in the UK and the US to improve their attainment in Maths and English learning. Supported by the new investment, the company aims to have helped 15m children across both countries by 2022. They plan to embark on a major recruitment drive to support their plans for national and international growth, increasing their company headcount by 50% in the next 12 months. New positions are being created at the company’s Edinburgh headquarters, with senior appointments being made in their New York office to bolster their US presence.

Commenting on the investment, Sumdog CEO Andrew Hall said: “This is a really exciting time for Sumdog as we seek to expand our team to include the specialist skills we will need to achieve our future ambitions. As a high-impact company, our core mission is to close the educational attainment gap by helping all children reach their full potential.education technology

“By capturing children’s imagination, Sumdog wants to become a world leader in online learning, starting with maths and English but ultimately covering a much broader range of subjects. This £1.4m investment will make a crucial contribution as we strive to meet our objective of helping 15m children across the UK and the US over the next five years.”

Kerry Sharp, Director of the Scottish Investment Bank, added: “Our decision to provide growth funding to Sumdog was based on the company’s innovative approach, commitment to inclusion, international outlook, and economic added value – all factors that Scottish businesses need to be able to thrive and grow in the future.

“Sumdog is another example of a strong, successful Scottish company to come out of Edinburgh’s tech business hub and is a huge endorsement for Scotland’s position as one of the leading tech hubs in the world.  In addition to investment, Scottish Enterprise has been supporting the company through our account management team in areas such as innovation, R&D, and international market development.”

education technologyIshaan Chilkoti, a member of the Nesta Impact Investments team, said: “We believe Sumdog has developed a proven platform for online learning. They have shown a clear commitment to achieving social impact and are already reaching large numbers of children from disadvantaged backgrounds, both here in the UK and in the US. We are excited to support them as they embark on ambitious plans for future growth.”

 

 

Chloe Henderson

Staff Writer - DIGIT

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