BGF and Beringea invest £4.5m in Firefly Learning

BGF contributed £3m to the round with Beringea also taking part.

The fresh capital will enable the business to undertake a recruitment drive within its marketing and sales teams in London and Sydney. Firefly is looking to double its headcount and is aiming to ramp up its international sales, with a particular focus on the Australian market.

The transaction marks BGF's second investment in the education space in H2 2016. In August, the firm invested £10m in children's nurseries business Kids Planet.

Company
Founded in 2005, London-headquartered Firefly is an online platform that enables teachers, students and parents to track homework and progress. It also allows users to create and share learning resources.

Firefly has a headcount of 50. The software is used by 480 schools across 32 countries. The company said in a statement its revenues have doubled in the most recent financial year.

People
Business Growth Fund – Simon Calver (founding partner).
Beringea – Stuart Veale (managing partner).
Firefly Learning – Simon Hay, Joe Mathewson (co-founders).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• BGF (Business Growth Fund)
• Beringea Limited
• Venture