BlikBook has now raised over €1.5 million (£1.3 million) in investment following its latest round of equity backing.
The business, which has produced an online engagement platform for higher education lecturers and students, will be using the capital to both strengthen its London team and establish a headquarters in Dublin.
Leaf Investments has led the €1 million funding round alongside Delta Partners and Enterprise Ireland. Contributions are also coming from existing backer Forward Investment Partners.
BlikBook was set up in 2010 by Cheyne Tan, Barnaby Voss, Ben Hall and Deepak Colluru, all alumni from London Business School and UCL, and has the former CEO of Blackwell Publishing, Rene Olivieri, as its chairman.
Tan, managing director at BlikBook, comments, ‘Our technology enables universities to improve student engagement, quality ratings and academic performance through an easy-to-use digital platform for knowledge sharing.
‘This investment gives us a great boost as we seek to expand further in the UK and Ireland.’
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With €1 million now in the bank, BlikBook is planning to make seven hires for its Dublin team, growing it from its current level of three staff. It will also be looking to invest in business, community and tech development.
According to figures from the business, its platform was used in ‘select courses’ at a third of UK and Irish universities, and at half of the top 30 UK universities.
Hugh O’Driscoll, partner at Dublin-based Leaf Investments, adds, ‘The company has identified a critical area of improvement for third level education, delivering tangible improvements in student engagement.’