Digital learning platform BibliU’s recent USD10 million Series A fundraising round has received funding from direct investment clients of Stonehage Fleming Advisory.London-based BibliU provides digital content solutions for higher educational institutions and publishers, and is currently working with around 100 universities in the UK, US and Europe.
Stonehage Fleming Advisory’s clients have invested alongside leading UK impact foundation Nesta Impact Ventures, who led the round, Guinness Asset Management, and existing investor Oxford Sciences Innovation.
The investment was led by Richard Hill and Anastasia Shvetsova.
Hill, a partner and chief executive at Stonehage Fleming Advisory, comments: “We are excited about this latest direct investment for our clients and the prospects for the business. It fits very well with our strategy of advising those of our clients that seek direct private equity investment, and offering them appropriate direct investment and co-investment opportunities sourced through our network.
“We have been following BibliU for some time and have been impressed with its progress. We support BibliU’s mission to provide accessible education and resources to every student in a sustainable manner, reducing the significant carbon footprint of the publishing industry. With a growing presence in both the UK and the US, we think BibliU is well placed to benefit from the ongoing digital transformation of the education sector.”
Dave Sherwood, CEO of BibliU Limited, says: “We are delighted to have Stonehage Fleming clients as investors in BibliU and look forward to continuing to work together. Their investment as part of our oversubscribed Series A fundraising will help accelerate the growth of BibliU, and deliver our unique platform to more universities, helping to improve the accessibility of education resources for students globally. We are grateful for their trust in the BibliU team, their financial support and ongoing expertise.”
The direct investment in BibliU is the latest opportunity sourced through the Stonehage Fleming network, and follows on from the direct co-investment by Stonehage Fleming clients alongside MW&L Capital Partners in Well Safe Solutions, a specialist oil well decommissioning company, which was announced in late 2019.