Edtech start-up Vemo Education has raised $7.4m in a seed-funding round, with the money earmarked for hiring new team members, increasing investment in its technology and extending market development. The company is looking to raise another $750k from investors this month, according to an announcement on their website. University Ventures and NextGen Venture Partners led the investment round, which also saw participation from Haystack Fund, Route 66 Ventures, Third Kind Venture Capital and Task Force X Capital.
Edtech start-up Vemo Education has raised $7.4m in a seed-funding round, with the money earmarked for hiring new team members, increasing investment in its technology and extending market development. Vemo develops income-based financing programmes for higher education; it claimed to have facilitated $23m worth of agreements in the 2016-17 academic year. University Ventures and NextGen Venture Partners led the investment round, which also saw participation from Haystack Fund, Route 66 Ventures, Third Kind Venture Capital and Task Force X Capital.