# Kortext

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kortext

- Industry: Software
- Headquarters: Bournemouth, UK
- Website: www.kortext.com
- Total disclosed funding: $32M
- Latest round: Series B (Jun 17, 2021)
- Investors on record: 3

## About

Kortext Ltd, based in the UK, specializes in digital content and data platforms to enhance the learning experience in higher education, facilitating effective teaching and learning.Founded in 2013 in Bournemouth, UK, Kortext Limited provides digital learning solutions aimed at transforming educational experiences. The company has raised funding through multiple rounds, with its most recent being a Series B round amounting to GBP 15.000 mn in June 2023, led by DMG Ventures. Kortext's CEO is James Gray, who has been instrumental in the company's strategy and growth. The firm has completed a total of 7 deals, with its current valuation at GBP 135.557 mn.Kortext offers a comprehensive content and data platform designed to enhance the learning experience in higher education. Core products include Kortext Fusion, which supports instructional design; Kortext Study, a smart study space for students; and Kortext Acquire, an eBook provisioning system for librarians. These platforms facilitate digital transformation in educational institutions, serving millions of users globally, including in the United States, United Kingdom, Canada, Australia, and numerous European countries.For the financial year 2023, Kortext reported revenues of GBP 25,340,238.80 and an EBITDA of GBP -2,312,321.80. The company primarily generates revenue through a subscription model, engaging directly with educational institutions to offer tailored pricing plans for access to its platforms and services.In June 2023, Kortext Limited secured GBP 15.000 mn in venture debt funding from HSBC Bank UK, which will be allocated towards expanding product development. The company is focused on designing and launching new products to enhance its offerings and plans to extend its market presence into new regions. Specific geographic targets for this expansion include increasing its footprint in North America and Asia by 2024.

## Funding rounds

- Series B, Jun 17, 2021, $21M — DMG Ventures, QVentures
- Series A, Jun 16, 2020, $1.3M — QVentures
- Series A, Mar 26, 2019, $3.9M — DMG Ventures
- Seed, Apr 8, 2016, $5.5M — Salica Investments

## Investors

- Salica Investments (https://capitalatlas.ai/funds/salica-investments) — Seed
- DMG Ventures (https://capitalatlas.ai/funds/dmg-ventures) — Series A, Series B
- QVentures (https://capitalatlas.ai/funds/qventures) — Series A, Series B