Firefly Learning, a London edtech company, has raised £4.5 million in a Series A round led by BGF Ventures (£3 million) along with participation from Beringea, which is subject to closing conditions.
Firefly Learning is a learning tracking tool for students, teachers, and parents for creating and managing homework and learning resources without the need for face-to-face interactions. The company is championing the new funding round as the largest Series A ever in the UK edtech sector.
The company now plans to expand further internationally, particularly in Australia where it also has a Sydney office, as well as investing in R&D and sales and marketing. It’s currently used in 480 schools in 32 countries by 400,000 pupils with Firefly claiming that it has now doubled its revenues year on year.
“Teachers, parents and pupils are heavily reliant on pieces of paper and it can be hard for parents to monitor what a student is doing,” said Simon Hay, cofounder of Firefly Learning, adding that the education sector “hasn’t really changed” when it comes to tech.
“Some teachers are still quite wary of using technology as part of their job, but we’ve always been incredibly focused on making it as easy to possible to use. If they can write an email, they can create a learning resource for their pupils on Firefly,” added cofounder Joe Mathewson, who along with Hay first began developing the idea when they were teenagers in school.
British schools are spending around £900 million year on edtech, according to Firefly, but higher learning standards come with that.
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