Taking it to the next level
CogBooks has worked on a number of projects funded by charitable bodies including the Bill and Melinda Gates Foundation, Ufi and OCR and was recently announced as a winning finalist in the Bill and Melinda Gates ‘Next Generation Courseware Challenge’ competition.
In addition, the firm has won major contracts with a number of publishers and is in the early stages of a new project with Edinburgh University.
Jim commented: “Raising the first round of finance can be incredibly tough for start-up companies. The Scottish Seed Fund investment from SIB really kick started things for us and has had the added benefit of laying the groundwork for further investment from larger-scale investors.”
The company has recently secured fresh investment of £1.75 million, including a follow on investment from SIB, to allow them to capitalise on growth opportunities at home and abroad.
Jim concluded: “Having experienced the typical challenges which many young companies face in their early days, we’ve now been able to reach a position where we’re being recognised as a leader in adaptive learning technologies. The early confidence in us shown by the Scottish Investment Bank has been an invaluable launch-pad in getting us to this point.”