In its announcement, the company said the funding will allow Vemo Education to hire for growth, accelerate investment in its technology platform, and expand market development. Edtech start - up Vemo Education has raised $ 7.4 m in a seed - funding round , with the funds earmarked for hiring new team members , increasing investment in its technology and extending market development . Vemo provides income - based financing programmes for higher education ; it claimed to have facilitated $ 100 m worth of funding in the 2016 - 17 academic year . University Ventures and Oxford Venture Partners led the investment round , which also saw participation from Haystack Fund , Route 66 Ventures , Third Wave Venture Capital and Task Force X Capital .
Edtech start - up Vemo Education has raised $ 7.4 m in a seed - funding round , with the funds earmarked for hiring new team members , increasing investment in its technology and extending market development . Vemo provides income - based financing programmes for higher education ; it claimed to have facilitated $ 100 m worth of funding in the 2016 - 17 academic year . University Ventures and Oxford Venture Partners led the investment round , which also saw participation from Haystack Fund , Route 66 Ventures , Third Wave Venture Capital and Task Force X Capital .