HOMEPAGE NEWS MEDIA CENTER NEWS
09 Jul 21
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09 Jul 21
ELITE company Kortext raises £15m from dmg ventures to accelerate platform development roadmap DOWNLOAD PDF

• Student demand for Kortext platform has risen 300% in one year

• 50 jobs created and Zwillenberg joins Kortext board

Kortext, the UK’s market leading, university focussed, digital teaching and learning platform, announces that it has finalised additional investment funding from dmg ventures and Paul Zwillenberg, CEO of DMGT will join the Kortext Board.

Kortext has raised £15m from dmg ventures and will use this investment to accelerate delivery of its product roadmap, in partnership with its university customers. The move to blended learning and more remote-first, distance learning, because of the pandemic, has fast tracked the demand for the Kortext platform to deliver digital textbooks and other course materials to students in a seamless manner that tightly integrates into the university teaching and learning environment. The platform hosts millions of eTextbooks from over 4,000 publishers and provides every student with their own personal study space, connecting them to their course, their peers, and their academics.

dmg ventures has a significant track record in supporting digital-first businesses including Zoopla and Cazoo, the fastest ever growing UK tech unicorn.

James Gray, CEO and founder of Kortext explains:

“Our key objective behind this round of fundraising is continued investment in the Kortext platform to help our Higher Education clients. Our clients include Birmingham, Cambridge, East London, Edinburgh, Exeter, Kings College, Middlesex, Manchester and Oxford, with a total of 21 of the 24 Russell Group Universities. For over 100 UK universities and many more overseas, we deliver the best, most integrated, online learning experience for academics and students. We support major digital teaching and learning initiatives across the UK, where every student receives all their learning materials at the start of their course and can collaborate and share online through our platform.