ODILO has raised £8m towards its quest to become the ‘Netflix of Education’ with a model that provides unlimited digital content and collaborative learning services.
The company says accelerated demand for its platform in the wake of COVID-19 means it has decided to modify its standard business model and open its technology for free to all schools and universities affected by the lockdown.
The solution allows schools, universities, governments and companies to create their own unlimited educational ecosystems in 43 languages, along with unlimited learning and collaborative learning experiences (independent, guided, collaborative, certified, in the classroom) that are tailored to the specific requirements of each organisation and the preferences of each user.
The flexible learning solution offers a similar experience to the large music or TV platforms such as Spotify or Netflix, which allows them to offer their users the best digital multi-provider content.
The content includes over three million multiformat educational and cultural titles from digital content providers in the world of ebooks, audiobooks, articles, podcasts, videos and online courses.
ODILO will invest the new funds to boost development of its technology, increase its content catalogue, which already includes 5,300 digital content providers, and advance global expansion by entering new markets, including the UK.
Rodrigo Rodríguez, ODILO’s Founder and CEO, said: “We are very excited to build a new category in the education sector. Traditional providers offer plain, vanilla digital libraries or limited learning platforms, which are 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 that provides an unlimited, fully personalised and frictionless collaborative learning experience for all users and organisations.
“Our unlimited digital content platform can be customised for every organisation, and we provide an ecosystem that offers all necessary learning tools for any kind of learner.”
The Spanish company is accelerating its global growth, reaching nine ministries of education and thousands of libraries, business schools, universities, schools, and companies in more than 27 countries, all of which have been transformed by creating their own unlimited learning ecosystems.
It funding was led by the Spanish-Israeli venture capital fund Swanlaab Venture Factory, alongside other new international investors, such as Endeavor Catalyst and CDTI alongside its current investors KIBO VC, JME VC, Active VP.