Angels invest in EdTech startup
Anglia Capital Group business angel investors and partners have invested £335k into Developing Experts, an innovative EdTech company in Norwich that has developed a unique digital platform which empowers tutors to teach a specialist subject with confidence.
Developing Experts is a startup business founded 27 months ago. Since receiving investment, the company is now destined to become a multinational business very quickly.
The company is in the process of securing significant contracts for the provision of its platform with schools and organisations in India, Nigeria, China and Saudi Arabia.
Sarah Mintey, Developing Experts’ founder and CEO said: “I am delighted with the support and guidance Anglia Capital Group investors are giving. My investors have provided not only the finances needed to help accelerate the growth of the company but also the support, challenge and wisdom years of running successful companies have afforded them.
“The investment injected into the company provided the cash needed at a critical growth period for the company.”
Members of Anglia Capital Group, which is based at Norwich Research Park, have been keen to add an EdTech sector firm to their portfolio of investments.
Having invested over £2.3 million since their first investment in mid-2015, the group, backed by the New Anglia Local Enterprise Partnership, has supported 17 companies to-date from a variety of sectors, including BioMedtech, CleanTech, AgriTech and digital.
Though this investment round is closed, Anglia Capital Group members are already looking forward to the next Dragons-Den style investor event in March, where the next generation of disruptive early-stage businesses will pitch for potential investment.