Ed tech-focused private equity firm Achieve Partners has acquired a majority stake in London-based educational content provider Boclips.
Founded in 2013 by chief executive David Bainbridge, Boclips provides a library of video and audio content that is used by publishers, schools, universities and government agencies worldwide. Its AI-driven content management system enables users to locate the right video for every stage of the school or university curriculum.
The company has aggregated more than two million clips from over 350 sources, including TED Talks, the Smithsonian and The Wall Street Journal.
With Achieve’s support, Boclips plans to further accelerate its growth and expand its partnerships with publishers, ed tech companies, school districts and higher education institutions.
Since its inception, Boclips has received funding from a pool of investors, raising around £11 million in equity and debt. The startup secured seed funding from ed tech specialist investor Nexus Investments in 2014 and was subsequently backed by NVM, which injected £3 million into the company through its VCT fund in 2017.
Boclips has also recently made its first add-on, by acquiring Boston-based Listenwise, which provides a library of curriculum-aligned podcasts used by school districts across the US for listening comprehension testing and English language learning. The acquisition was supported by a £7 million credit facility provided by Espresso Capital.
Date Published: 10 June 2022