Learning Labs, a Birmingham-based education technology company, recently raised £250,000 in a funding round led by MEIF and The FSE Group to help scale its platform that teaches English from almost 50 different languages.
With this investment, the startup plans to create jobs and expand the digital marketing department.
Co-founded in 2013 by Veejay Lingiah and Richard Allen, Learning Labs developed FlashAcademy, which is used by schools and colleges across the UK to support the teaching of English as an Additional Language (EAL). The FlashAcademy app offers an independent learning experience on any device, smartphone, tablet or computer that can be used in the classroom or for distance learning.
Speaking of the company, Co-Founder & CEO of Learning Labs & FlashAcademy, Veejay LingiahHe said:
“At Learning Labs, we believe that every child and young person in the UK deserves to get the best from their educational experience. Our product supports teachers in unlocking the potential of non-native learners without the time and budget resources that many schools and colleges do not have. With this MEIF loan, FSE has secured the right funding at the right time to support this next phase of our growth as we continue to develop our offering, expand into the FE market and expand the business further.”
The platform uses a combination of digital lessons, gamification and the world’s first object translator where the user can take a photo of any object that will be instantly translated. It is currently used in nearly 1,000 schools across the UK and supports more than 250,000 individual students.
Commenting on the funding, Portfolio Manager, FSE Group, Harriet SaundersHe said:
“Learning Labs has been on a high growth trajectory since creating its EAL offering in 2018. Having already attracted significant equity investment, its management was keen not to dilute ownership with additional capital at this stage. We are thrilled to provide this market-leading company with the growth funding it needs to support it through this next phase of growth and look forward to working with this innovative team.”
In 2020, Learning Labs secured a £500,000 funding round led by some existing investors, including the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by venture capital firm Midven.