- Sector: Media & Internet
- Deal Type: Founder-led Businesses; Private Capital
- Engagement type: Fundraise
- Size: $50 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Perlego on its $50 million Series B financing. The round is led by Mediahuis with participation from Evli Growth Partners and Raine Ventures as well as other existing investors.
Founded in 2017 and headquartered in London, Perlego is an academic eBook subscription service and provides unlimited on-demand access to over 800,000 educational titles in 6 languages from 5,000 of the world’s top education publishers to students globally. Its subscription offering is targeted at both direct subscribers as well as academic institutions, making its go-to-market strategy unique in its category. Perlego is used by over 400,000 users from over 6,000 institutions across 172 countries.
This investment will enable the company to roll out further products and features, as well as expand in North America.
This transaction reaffirms Arma Partners’ position in the Private Capital market and underlines the trust fast-growing companies and their founders across Europe put in our advice. The transaction further establishes Arma Partners’ position as a leading advisor to market disruptors, showcases expertise in EdTech and highlights our excellent footprint in European cross-border deals.