Wealth Club clients invest £1.3 million under EIS in BibliU , delivering affordable books for HE – FE News
Summary
BibliU, the company delivering affordable and accessible course online books for universities, libraries and other higher education institutions has raised \xa31.3 million from Wealth Club clients under the Enterprise Investment Scheme (EIS). Due to the increasing costs of university textbooks, which have risen by four times the rate of inflation since 1977, many students have turned to second-hand, rented or even pirated copies to make ends meet. The platform allows higher educations institutions to license textbooks and courseware, primarily in digital format for all students for a single, low, standardised pre student/per class fee, rather than having to set to separate contracts with each publisher. The latest round of investment in BibiliU, from a highly valuable group of investors, will only serve to further our mission to provide high-quality, accessible and vital learning resources at an affordable cost. This funding will help facilitate this businesses continued growth be developing new technology that will further streamline processes for publishes and academic institutions and, most importantly, improve the leaning experience and outcomes for all students, regardless of their individual needs or circumstances.