Vivi raises US$20m to further accelerate overseas expansion, sets target for 1m classrooms within five years
Vivi, a number one Australia-based visible studying, collaboration, and administration platform for schooling, is happy to announce it has efficiently accomplished a capital increase of US$20m (A$26.5m) with New York-based schooling investor, Quad Partners.
The funding will assist Vivi further accelerate overseas growth, notably within the US the place its staff has expanded from two to 18. The funding will enable the corporate to introduce a collection of trainer effectivity options that may further
cement Vivi as a significant part of the technological infrastructure of colleges and districts. With its expertise in over 40,000 classrooms around the globe, the funding will expedite Vivi increasing into a million studying areas within
five years.
One of the corporate’s co-founders, US-based Simon Holland, led the oversubscribed increase with buyers instantly shopping for into Vivi’s imaginative and prescient.
Vivi’s Chief Executive Officer, Natalie Mactier, stated the US$20m funding will further accelerate momentum within the US market going into 2022. “Because of the important position we hold in the classroom, the future has always looked bright
at Vivi,” Mactier stated. “But right now, we are moving quickly to take advantage of some significant tailwinds, particularly in the US.”
“With a rapidly increasing focus on technology enablement at schools, the highest ratio of 1:1 student devices ever, and increasing awareness of the instructional and administrative benefits of screen mirroring, we are thrilled to be
able to get Vivi into the hands of more students, educators, and administrators quickly.”
Founder and Executive Chairman Dr. Lior Rauchberger is pleased with the affect Vivi has made on pupil engagement within the classroom, however stated that, regardless of already being utilized by over 250,000 academics and college students in 12 nations, the
SaaS firm is simply getting began.
“Vivi has created demand overseas in a way that’s pretty unique – and largely by word of mouth. The company has evolved from a point solution into a comprehensive student engagement platform that has proven to be incredibly sticky. Our next big goal is to be in a million classrooms as soon as possible and partnering with Quad will certainly speed that up.”
Vivi plans on utilizing the capital to further bolster their buyer help, gross sales & advertising and marketing, and growth efforts.
Vivi plans to deploy the capital within the following methods:
● Sales and advertising and marketing: To fund the hiring of extra gross sales and advertising and marketing FTEs within the Americas, Europe, and Asia and to accelerate Vivi’s penetration in these markets.
● Operational infrastructure: To elevate logistics and provide chain operational processes, led by a brand new US-based Chief Financial Officer.
● Platform engineering: To fund integration and extra growth prices associated to upcoming options and merchandise within the Vivi expertise platform.
Quad Partners Principal, Connor O’Keefe, sees the nice potential of Vivi, stating the significance of its positioning within the edtech ecosystem. ”Vivi uniquely sits on the intersection of quite a few accelerating tailwinds supporting expertise utilization in schooling. Their tireless efforts round optimizing the consumer expertise for college students, academics, and directors in a extra tech-enabled world has actually set them aside from their friends. We’re thrilled to be partnering with the Vivi staff on their thrilling journey forward.”
About Quad Partners
Since its founding in 2000, Quad Partners has invested solely within the schooling and company coaching industries and is without doubt one of the most lively and skilled buyers within the house. Quad has invested in over 40 schooling firms, remodeled 60 add-on acquisitions and constructed an intensive community within the business. Quad goals to create long-term fairness worth by enhancing the standard metrics and mission of its companies. They are obsessed with what they do as buyers and companions. Quad has managed over $1 billion and at the moment is investing out of its sixth fund, a $388 million car. For extra data, please go to: http://www.quadpartners.com
About Vivi
Vivi is the one wi-fi display screen mirroring and digital signage software designed for schooling. The firm helps IT assist academics assist college students with classroom expertise that enhances collaboration, management, and creativity. Engineered by
educators, Vivi is designed to be an agnostic visible studying and content material supply resolution that makes academics extra environment friendly and college students extra engaged. Get began with the wi-fi display screen mirroring resolution utilized in over 40,000
classrooms around the globe at vivi.io.
eSchool Media employees cowl schooling expertise in all its facets–from laws and litigation, to finest practices, to classes discovered and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media gives the information and knowledge vital to assist Ok-20 decision-makers efficiently use expertise and innovation to rework faculties and schools and obtain their instructional targets.
