Undeterred by the valuation pressures on private technology companies, a bevy of superannuation funds have bought into edtech company Edrolo’s latest round.
Undeterred by the valuation pressures on private technology companies, a bevy of the country’s superannuation funds have invested in a $40 million raise by education resources company Edrolo.
as well as into VC funds, with companies such as Canva, Athena Home Loans, Gilmour Space and Bugcrowd attracting direct investment. Melbourne-based Edrolo was founded by Ben Sze, Duncan Anderson and Jeremy Cox more than a decade ago. “With our first school, a student had come into the library crying, saying they were going to fail a SAC ,” Mr Anderson said.
Subjects in every state have a different curriculum. With some subjects, the content only varies by less than 30 per cent, but in others, more than 50 per cent of Edrolo’s content needs to be changed to suit the different curriculum.
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