Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round

by October 7, 2024
October 7, 2024
Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round

Perlego, an education technology platform known as the “Spotify for textbooks,” has secured a $20m fundraising round led by Sir Terry Leahy, the former CEO of Tesco.

The digital library service, which offers unlimited access to academic titles via subscription, is expected to announce the capital injection this week.

The new funding round also includes investment from ITHAKA, the organisation behind JSTOR, a prominent digital library for academic journals and books. Perlego’s growing list of shareholders already includes notable names such as Mediahuis, the Belgian publisher that recently bid for The Daily Telegraph, and KPN Ventures.

Founded in 2017, Perlego partners with thousands of international publishers and provides access to academic, professional, and non-fiction content from publishers like Cambridge University Press, Elsevier, and Harvard University Press. The platform’s catalogue is available in six languages and is used by over 250 educational institutions worldwide.

Sir Terry Leahy, who has made a number of technology investments since stepping down from Tesco over a decade ago, expressed enthusiasm for Perlego’s innovative approach to education. “Perlego is addressing one of the most pressing challenges in modern education—access to essential learning materials,” Leahy said. “This investment is a vote of confidence in Perlego’s potential to reshape the educational landscape.”

The new funding will be used to expand Perlego’s international footprint and to enhance its offerings by incorporating artificial intelligence. One key development will be Dialogo, an AI-powered research assistant aimed at improving access to academic content.

Gauthier Van Malderen, Perlego’s founder and CEO, commented on the impact of the investment, saying: “This investment represents a vital opportunity to drive meaningful change in education and AI more broadly. We’re passionate about providing accessible yet game-changing solutions to education.”

The platform’s mission to democratise access to academic resources has garnered attention from major industry players, and the recent funding will further bolster its efforts to advance educational technology on a global scale.

Read more:
Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round

0
FacebookTwitterGoogle +Pinterest
previous post
UK risks losing AI leadership without a national data strategy, experts warn
next post
Kamala Harris should prosecute Big Pharma, not bail it out

You may also like

More people looking for work as job vacancies...

April 18, 2023

A Guide To Using MetaTrader 4 For Forex...

September 14, 2022

BA’s UK staff and Boots hit by cyber...

June 5, 2023

UK pushes for exemption from Trump’s steel tariffs

February 17, 2025

Free press release initiative reopens for UK charities...

August 8, 2023

Brits Cut Back on Airfryer Purchases Leading to...

February 13, 2024

McDonald’s Ends AI Drive-Thru Trial Amid Fast-Food Industry’s...

June 18, 2024

Experts predict that the US stock market will...

April 14, 2025

Lotus to axe up to 270 UK jobs...

April 13, 2025

Event Marketing 101: Strategies To Boost Attendance And...

December 15, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

      June 27, 2025
    • How to Improve your Trading Odds and Increase Opportunities

      June 27, 2025
    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,074)
    • Politics (15,826)
    • Stocks (3,173)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved