Hambro Perks has completed the 10th investment from its growth debt fund after backing Century.
The EdTech platform for schools, colleges and universities licenses its AI to educational organisations and learners worldwide on a SaaS basis.
Founded by Priya Lakhani OBE in 2013 and headquartered in London, the company’s tech creates a constantly adapting personalised learning path for every student across any curriculum. It provides teachers with real-time rich data insights to make effective targeted interventions.
Employing close to 100 people, Century’s SaaS platform is used by schools in over 60 countries and has been implemented by ministries of education on a national and regional scale.
“We’re really excited to be working with Hambro Perks and to join their impressive portfolio of industry-leading businesses that are changing the world,” said CEO Lakhani.
“Their investment will allow us to continue our global expansion on a mission to improve education through innovative, effective and ethical AI technology.”
Century says it has been independently shown to improve GCSE results in a range of educational settings, and that students who use its platform outperform their peers who do not have access to Century.
Stephen Fahy, partner at Hambro Perks growth debt fund, said: “Century’s award-winning AI technology helps address challenges in the education sector, including reducing teacher workload and enhancing teaching resources.
“We are delighted, and very proud, to welcome them into our growing portfolio of IP-rich companies.
“We look forward to working with CENTURY and supporting their vision to be the intelligence underpinning the education sector globally.”