EIS Fund Makes 11th Investment in EdTech Company PI-TOP
Nexus Investments are delighted to announce an investment into the award-winning Ed Tech scale-up PI-TOP ( https://www.pi-top.com/ ).This investment represents Nexus Investments’ 87th round of EIS investment since 2014, totalling £10.25m of EIS invested capital, and is the 11th investment made by the Scale-up Fund, which was launched late 2018 ( https://www.scaleupfund.co.uk/ ).
Formed in 2014, PI-TOP develops and manufactures a range of customisable hardware and software products for the education market. Bought by schools, the programmable products combine digital making, coding, and practical projects, aiming to inspire a generation of inventors.
PI-TOP has a well-established global presence. They have shipped over 150,000 products to date to over 2,000 schools impacting over 500,000 students. Programming jobs are overall growing 12% faster than the market average and there are now over 700 different programming languages. Teaching children the skills to equip them for the changing job market is essential in a modern-day high-quality education.
With COVID-19 having restricted the education of students globally, Nexus firmly believes investing in the Ed Tech sector provides both a highly positive impact to society, while also having the promise to be an area of some very valuable companies of tomorrow.
The investment operates in the Education sector which has been an area of Nexus’ expertise for many years, with our sister company Investor Publishing producing the well renowned EducationInvestor magazine. It is the Scale-Up Fund’s 3rd pure Ed-Tech investee (after MarcoPolo Learning and FundamentalVR) and Nexus’s 5th having also coinvested into Pobble and Knowledgemotion in the past, and we are quietly excited to see how it performs in coming months and years on behalf of our Fund investors.
Subscribers to our Fund who joined before 10th June (and still had undeployed capital) have been included in this new EIS deal.
Links to Nexus’s EdTech Portfolio:
LAUNCH OF NEW NEXUS TITLE
Nexus Investments’ sister company, Investor Publishing, owner and developer of the renowned HealthInvestor and EducationInvestor brands, have just launched NutritionInvestor.
This is a brand new B2B news and information platform focussed on reporting global news and trends in a sector which is of increasing global prominence. Nexus Investments’ Scale-Up Fund is an investor in Kafoodle, a scale-up company in the sector, which enables commercial kitchens, specifically in hospitals, care homes, schools and corporate catering, to manage the ever-increasing demands of dietary requirements whilst still being able to control margins.
If you are interested to receive the latest news and updates on this sector, do sign up for their first complimentary newsletter coming soon here: https://nutritioninvestor.com/subscribe
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