Firefly Secures £5M in Series B Funding
Summary
The round, which brings the total raised to almost £10m, was led by Downing Ventures, with participation from BGF and Beringea. First developed by co-founders Simon Hay and Joe Mathewson while preparing for their GCSEs, Firefly provides a platform to cut school administration and connect teachers, students and parents to share lesson plans and assign and review homework directly, both in and out of the classroom. Today, the company supports more than a million students, teachers and parents in 40 countries and holds a leading position in UK Independent senior schools. The company intends to use the funds for global expansion while further developing its presence in UK Independent and State schools. Additionally, the business will look to strengthen its team and plans to create 20 new jobs over the next year, while also building more partnerships and integrations with other EdTech products.