6 years ago

Perlego Raises $9M to Expand Its Textbook Subscription Service

  • Perlego, a textbook subscription service, has raised $9 million in Series A funding

  • The round was led by Charlie Songhurst, Dedicated VC, and Thomas Leysen

  • Existing investors including ADV, Simon Franks, and Alex Chesterman also participated

  • Perlego plans to use the funding to develop its learning platform, add new features, expand content libraries in non-English languages, and enter new European markets

  • The service offers students and professionals access to a wide range of textbooks on a monthly subscription basis, aiming to be a more affordable and accessible alternative to traditional textbook purchases

  • Perlego is seeing a 116% increase in new subscribers month-on-month and has partnered with major publishers like Pearson, Wiley, and Sage.

      • ProblemEducation

      "Textbooks are increasingly expensive to purchase, and public libraries are under resourced."

      Solution

      "Perlego offers a subscription service that gives students and professionals access to a large library of digital textbooks for a monthly fee."

      Covered on