Telegraph Media Group acquires UK exam preparation app Gojimo

Gojimo, an app that allows U.K. significant faculty learners prepare for exams, has been obtained by Telegraph Media Group, the publisher of The Day-to-day Telegraph and The Sunday Telegraph newspapers. Phrases of the deal keep on being undisclosed, but from what I gather the Gojimo workforce are staying on and the company will however be run as a different entity.

The startup’s shareholders included London VC company Index Ventures, and JamJar Investments, the enterprise fund established up by the founders of Harmless Drinks, who both invested in Gojimo’s seed round. In a afterwards round, father and son duo Robin and Saul Klein, Deborah Quazzo of GSV Advisors, seed-phase financial investment platform Firestartr, and the London Mayor’s London Co-Expense Fund also backed the company. Additional funds also arrived by using fairness group funding platform CrowdBnk. Gojimo was assumed to have elevated all around $three million in whole.

Offered on iOS, Android and the world wide web, the Gojimo app allows learners brush up on many subjects ready to sit their countrywide exams and provides thousands of curriculum-certain evaluation goods. In truth, it promises to be the U.K.’s number 1 test preparation app, with in excess of 65,000 revision issues for in excess of 20 various subjects. The startup has also experimented with quality information from main educational publishers, this kind of as McGraw-Hill Instruction and Oxford College Press, available by using in-app buys.

That the Telegraph Media Group, a top information publisher, has obtained the company is noteworthy, if only simply because I get to juxtapose the adhering to quote from CEO George Burgess, who started the startup right after dropping out of Stanford.

“We really do not have any critical competition in the U.K.,” he told me in December 2015. “There is a good deal of noise but few merchandise of any excellent. Some of the more substantial publishers have experimented with their hand at mobile revision sources, but they’ve under no circumstances understood apps. They really do not know how to market their merchandise or comprehend freemium models”.

Cue canned assertion from Christopher Keller, Head of Group Enterprise Growth at TMG: “For much more than one hundred sixty yrs, The Telegraph has empowered its viewers by its wealthy and trusted information. This acquisition is a further milestone in our strategy to interact new audiences and to empower much more people to development in everyday living by the information we generate.”