DigitalEd unveils growth investment from PSG

KUALA LUMPUR, Aug 9 -- Cloud-based software company, DigitalEd has announced a growth investment from PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies.

DigitalEd provides a SaaS-based digital learning platform called Möbius, focusing on science, technology, engineering and mathematics (STEM) education.

According to a statement, PSG is DigitalEd’s sole outside investor. Financial terms were not disclosed.

“We believe the PSG team understands and is committed to our founding vision. In our view, they are a perfect partner for DigitalEd, as we seek to continue to expand the Möbius platform to empower educators by both measuring and improving the learning experience,” said DigitalED Founder and Chief Executive Officer, Jim Cooper.

Meanwhile, Principal at PSG, Chris Andrews said: “We believe DigitalEd has a robust and highly scalable platform which is uniquely positioned for growth amid the rising demand for both e-learning tools and STEM education.”

DigitalEd was founded in 2018 with a simple and resonant mission - to shape the world through digital learning. It provides individual learning, in a shared world, allowing students to acquire knowledge at a guided, self-defined pace.

DigitalEd currently supports over 300 educational institutions worldwide, administering more than 20 million tests and assignments, supporting online learning for world-class universities, institutes of technology, and community colleges.

Möbius, an innovative and comprehensive platform for STEM education, is designed to reduce the time educators need to spend on administrative tasks, traditionally required for course preparation and grading, allowing them to maximise time spent teaching and interacting with students.

The platform focuses on student success by providing educators with high-quality course content created by STEM curriculum experts. Möbius can deliver coursework and monitor student performance with analytics.

Stikeman Elliot LLP and Weil, Gotshal & Manges LLP served as legal advisers to PSG, while Gowlings WLG, Grant Thornton LLP and Tyton Partners were DigitalEd advisers.

More details at www.digitaled.com.

-- BERNAMA