Saint Gallien-based edtech company Avallain has raised €8 million in a venture round. The SaaS platform provides businesses with the ability to launch branded digital learning experiences in, according to the company, minutes.
The new investment capital is aimed at supporting the company’s continued growth as it plans to expand further into existing as well as new markets.
Bootstrapped for nearly 20 years, Avallain took on its first 7 figure investment from Round2 Capital in 2020, and two years later the partnership with the RBF fund now deepens.
"Based on the recent dramatic increase in demand for edtech during the pandemic, Avallain has once again proven itself as a solid, high-quality provider and reliable partner for end-to-end edtech solutions,” commented Avallain co-founder Ursula Sutter. “In order to consolidate and expand our leading position internationally in an environment of new entrants that often focus on single challenges rather than holistic solutions, we decided to raise additional funds from a strong partner who understands and appreciates our markets and the high potential we have based on the best-in-class technology and market position we have built over the past years.”
Avallain counts household names including Google, Nestle, National Geographic, Pearson, Springer, and both Oxford and Cambridge Universities amongst its client base.
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