MEL Science Raises US$2M in Funding from TMT Investments
Summary
MEL Science , a London, UK-based education technology company, raised US$2m in funding from TMT Investments PLC (AIM: TMT.L). The company intends to use the funds to expand into new science subjects and scale up sales in existing and new countries. Its first product, MEL Chemistry, is a B2C subscription service, which combines physical kits for science experiments with a VR mode-equipped iOS & Android App, and is available in more than 30 countries. The B2C range provides science sets on a subscription model with an app that allows the user to experience the science behind the experiments in VR, increasing learning and motivation in children through an immersive experience whilst allowing parents and children to spend quality time together. The B2B product for schools comprises high-quality education programs for children by providing fundamental understanding (instead of just memorising) using simulation engine and molecular-level experiments.