ODILO, a Madrid-based edtech startup with a mission to democratize access to education, has raised $10 million in a fresh funding round to support accelerated growth during the COVID-19 pandemic.
The round was led by Swanlaab Venture Factory, and joined by new international investors such as Endeavor Catalyst and CDTI alongside current investors KIBO VC, JME VC, and Active VP, according to a press release provided by the company.
Founded in 2011, ODILO is revolutionizing the way organizations transform themselves by providing digital content and learning services for the personal and professional development of their users. Its solution allows schools, universities, business schools, and corporations to create their own educational "Netflix” or unlimited educational ecosystems by offering access to over 3 million titles from the best providers in the world of ebooks, audiobooks, articles, podcasts, videos or courses as well as the ability to create original, integrated learning experiences (independent, guided, collaborative, certified, classroom, etc.)
ODILO is the leading solution for developing unlimited learning and collaborative learning experiences adapted to every organization and user need. It is trusted by more than 6,200 institutions (including governments, schools, libraries, universities, enterprise and startups) from across 43 countries. ODILO has more than 146 million users from around the world, accessing to more than 3 million multiformat educational and cultural titles, and 5,300 content providers on its platform.
Speaking about the company and drawing a comparison with traditional providers, Rodrigo Rodríguez, Founder and CEO, ODILO, said in a statement,
“We are very excited to build a new category in the education sector. Traditional providers offer plain vanilla digital libraries or limited learning platforms restricted to a few formats, and content providers operate on a one-size-fits-all approach that doesn’t take into account different learning preferences and methodologies. ODILO is the first platform to provide an unlimited, fully personalized, and frictionless collaborative learning experience for all users and organizations. We have increased learning habits by 3-5x with our digital solution.”
The company plans to use the new capital to boost the development of its intelligent learning experience technology, increase its content catalog (which already includes 5,300 partners in 43 languages), and advance global expansion by entering new markets, according to its press statement.
ODILO is proud to be supported by the European Commission to improve learning across Europe as well as working with public and private entities to achieve UNESCO 2030 Sustainable Development Goals.
According to Crunchbase, ODILO has last raised $6.3 million in Series B funding round from Active Venture Partners and others in March 2017.
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