# Perlego

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

- Industry: Education/Training
- Headquarters: London, UK
- Website: www.perlego.com/
- Total disclosed funding: $60M
- Latest round: Series C (Apr 24, 2023)
- Investors on record: 10

## About

Perlego Ltd., based in the UK, specializes in providing a digital library service that grants access to over one million academic books through a subscription model, catering primarily to students and educators.Founded in 2016 and headquartered in London, UK, Perlego Ltd. operates a subscription-based digital library service that enables users to access a vast array of academic resources. The company has successfully raised USD 20.00 mn in its most recent funding round on October 1, 2024, with participation from investors such as ITHAKA, KPN Ventures, Mediahuis Ventures, and The Raine Group. Gauthier Van Malderen, one of the founders, currently serves as the CEO.Perlego offers a comprehensive digital library service that provides access to over one million academic books through an online subscription model. Their core offerings include a user-friendly platform designed to facilitate learning and research by providing a vast array of textbooks across various disciplines, such as architecture, business, law, and social sciences. The platform features advanced study tools, including a ‘Read Aloud’ function, keyword search capabilities, and a Notebook for organizing highlights and citations. The company primarily serves students, educators, and academic institutions by enabling easy access to high-quality academic resources anytime and anywhere, effectively addressing the challenges of cost and accessibility in higher education. Their services are marketed globally, with specific outreach in regions with a strong academic presence, including North America, Europe, and parts of Asia.In the most recent financial year 2023, Perlego reported a revenue of USD 11,369,061.60, while the EBITDA stood at USD -13,823,685.60 for the same period.In October 2024, Perlego Ltd. secured USD 20.00 mn in venture funding, which will be utilized to scale its educational technology offerings and support more learners and institutions internationally. The company aims to develop new products powered by artificial intelligence and plans to expand its services into additional global markets, specifically targeting regions with a growing demand for accessible educational resources.

## Funding rounds

- Series C, Apr 24, 2023 — KPN Ventures
- Series B, Mar 3, 2022, $50M — The Raine Group, EVLI Growth Partners, Mediahuis Ventures
- Series A, Dec 4, 2019, $8.9M — ACE & Company, Accelerated Digital Ventures, Dedicated VC
- Seed, Sep 1, 2016, $0.7M — Redbus, Rooks Nest Ventures, Henosis Capital

## Investors

- Redbus (https://capitalatlas.ai/funds/redbus) — Seed
- Rooks Nest Ventures (https://capitalatlas.ai/funds/rooks-nest-ventures) — Seed
- Henosis Capital — Seed
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Series A
- Accelerated Digital Ventures (https://capitalatlas.ai/funds/accelerated-digital-ventures) — Series A
- Dedicated VC (https://capitalatlas.ai/funds/dedicated-vc) — Series A
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series B
- EVLI Growth Partners (https://capitalatlas.ai/funds/evli-growth-partners) — Series B
- Mediahuis Ventures (https://capitalatlas.ai/funds/mediahuis-ventures) — Series B
- KPN Ventures (https://capitalatlas.ai/funds/kpn-ventures) — Series C