Germany-based ed tech startup Sdui has extended its series A round to €25 million, after initially picking up €7 million in 2021.
The extended fundraise was held at a nine-figure valuation. German investors HV Capital and Haniel co-led the round, with participation from High-Tech Gründerfonds, Brighteye Ventures, and debt investor Kreos Capital.
Angel investor Michael Hinderer and his family office JSM Hinderer also took part.
Founded in 2018, Sdui Group's digital schools software provides communication and diary tools that let institutions stay in touch with children, parents and teachers.
The scale up is looking to disrupt education by pitching its product as a digital operating system for virtual school workflows.
As of today, more than 10,000 institutions employ Sdui's back end software, across a total of seven European markets, including Italy, Spain, Germany, Switzerland and Belgium.
Daniel Zacharias, Sdui CEO and founder, said: "We are delighted to have a number of renowned investors in our board that are committed to our future strategy and continue to support Sdui's ambitions to scale in Europe.
"With a revenue growth of more than 300 percent since the initial Series A in March 2021, Sdui has been able to prove how much more potential our startup's business model offers.
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