Two new investor groups, SEEK group’s Online Education Services and CVC Emerging Companies Fund, have joined online study support platform Studiosity’s share register.
Founded in 2003, Studiosity started this year working with nearly 100 university and tertiary institutional partners across ANZ and Europe offering learning support, with plans to start offering its services in Canada later in 2021. The company said demand for its services grew by nearly 40% last year.
With OES being a global online education enabler that has more than 13,000 students enrolled in its university partnerships and CVC Emerging Companies an investor in predominately high growth tech companies in Australia, founder and executive chair of Studiosity Jack Goodman called the move “a wonderful vote of confidence”.
“Our people, and the solutions we have developed over many years to meet the emerging needs of the higher education sector,” Goodman said.
“OES has been a cornerstone partner for many years, and we look forward to collaborating even more closely as online learning plays an increasingly important role in the global higher education ecosystem.”
“We look forward to collaborating even more closely as online learning plays an increasingly important role”
OES CEO Denice Pitt, who will also be joining Studiosity’s board of directors (CVC will take an observer seat), said that with the investment the companies expected to “discover many synergies as we collaborate to deliver new services for universities and their students, across all the geographies in which OES operates”.
The two will join Studiosity as minority investors and plans for product development and international growth will remain unchanged.
“From our first meeting we were impresed with Studiosity’s mission, solutions, market share, and leadership team,” said Christian Jensen, portfolio manager at CVC Emerging Companies Fund.
“We look forward to assisting the company to reach its next milestone, including a potential public offering.”
