CogBooks raises £1.25m to accelerate growth

CogBooks raises £1.25m to accelerate growth

Edinburgh-based education technology business, Cogbooks, has raised £1.25m for existing investors helping to accelerate expansion both in the UK and the US.

The existing investors include Nesta Impact Investments, DC Thomson and the Scottish Investment Bank, the investment arm of Scottish Enterprise.

The firms recent success has seen it demonstrate that by personalising learning to students’ individual needs, its online learning technology can improve attainment and student retention.

Arizona State University recorded a 24% increase in student success and a 90% reduction in dropout rates after working with CogBooks.

Jim Thompson, CEO of CogBooks, said: "This investment allows us to accelerate the distribution of our courseware and platform in the UK and USA at a key stage in the market’s development. 

“The results of our deployments in higher education have been very positive and we are delighted that our products are making a real difference to both students and instructors."

Kerry Sharp, director of the Scottish Investment Bank, says “We are pleased to have further supported CogBooks as it embarks on its next phase of both domestic and international growth.

“CogBooks is a great example of an innovative Scottish company with global reach, with exciting technology that has the potential to drive change in the learning experience.

“We look forward to continuing to provide CogBooks with access to wider assistance from Scottish Enterprise to help deliver its goals.”

 

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