London edtech founded by GCSE students raises £5m investment

Jan 28, 2019 · bdaily.co.uk

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The company behind a suite of school learning tools used all over the world has revealed plans to create jobs and expand with £5m funding.

Firefly, first developed by Simon Hay and Joe Mathewson as they prepared for their GCSEs, will use the seven-figure investment to strengthen its presence among UK-based independent and state schools.

To accommodate its growth strategy, the London-based firm intends to take on 20 new staff over the next 12 months.

Downing Ventures led the funding round, which drew participation from BGF and Beringea.

According to Firefly, its software suite has the potential to slash school administration by 50%. It directly connects teachers, students and parents as they share lesson plans and assign or review homework.

Today, the platform supports more than a million students, teachers and parents across 40 countries. In the UK it is used by over 50% of students at independent senior schools.

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