Quipper said Friday that it has received $5.8 million in funding. The investors included Atomico, Benesse Holdings and Globis Capital Partners. Based in London, Quipper is a learning platform.
London, UK – Friday 7th March 2014
Quipper, the London-based mobile learning company led by Masa Watanabe, a co-founder of Japanese mobile social gaming giant DeNA, today announced that it has raised £3.4m ($5.8m) funding for its cloud-based web platforms, which enable users to create educational content and monitor and assess students’ performance. The round was financed by Atomico, Benesse Holdings and Globis Capital Partners, among others. This brings Quipper’s total funding raised to over $10 million. It follows their previous funding round in 2012, and will help Quipper continue to improve their mobile learning platforms, while expanding aggressively throughout the world.
The news comes after solid growth of the company’s flagship Quipper School service in Asia, along with their continuing work in the US. Quipper School allows teachers to set class assignments directly to their students’ computers and mobile devices, as well as monitor and assess student performance with sophisticated analytics. The service is particularly suited to ‘flipped learning’, and allows teachers to upload their own content to use with their classes. Students can study on any device with a web browser, including smartphones and tablets, and benefit from fun gamification and social features while they learn.
Quipper has also been working with Japanese publishing giant Benesse to develop a large-scale data-driven learning service trial for tablets. Users were segmented into different categories such as ‘Social Learning’, ‘Gamified Learning’ and ‘Adaptive Learning’, and each given different functions and features. By analysing users’ behaviour, Quipper was able to identify key trends that improved retention and student attainment. In total, Quipper’s apps have over 8.5 million downloads across the world, with educational content spanning over 300,000 questions.
Quipper was founded in 2010 by Masayuki Watanabe, co-founder of DeNA, and is based in London. The company’s aim is to become ‘distributors of wisdom’, changing the way people learn and share knowledge by leveraging web and mobile technology.
Founded in 2006 by Niklas Zennström, a co-founder of Skype, Atomico is an investment firm with an exclusive focus on the technology sector. Their portfolio includes over 50 investments across four continents.
About Benesse Holdings
Benesse Holdings is a holding company that promotes growth strategies and allocates resources in the Benesse Group. Founded in 1955, its president is Tamotsu Fukushima.
About Globis Capital Partners
Globis Capital Partners was established in 1996 as Japan’s first full-scale “hands-on” venture capital – to offer comprehensive support in People (human resources), Capital (funds) and Knowledge (management expertise). Its founding partner is Yoshito Hori.