HELSINKI, 15 April 2021
Sparkmind.vc leads $5.1m A round for Dugga
Learning sector-focused venture capital company, Sparkmind.vc, has led a$5.1m A round for Dugga, a Swedish provider of digital knowledge assessment solution for K12 schools and universities.
The raised capital is focused on further accelerating Dugga’s international growth. It will enable the company to pursue new opportunities especially in the US, the UK and selected Asian countries funding hires in sales and marketing.
This investment is the sixth from Sparkmind.vc’s learning-focused venture capital fund. Earlier investments include CanopyLAB, Fuzu, School Day,Kide Science, and Playvation.
Kai Talas of Sparkmind.vc commented: “Through the ease of use, increased engagement and data efficiency, digitalization of knowledge assessment creates significant value to both teachers and students. We are delighted to lead Dugga’s A round and believe with its strong management team and the research-based assessment solution Dugga is well positioned to thrive in this growing market.”
Dugga’s solution enables teachers to effortlessly create and schedule exams, tests and assignments with text, audio and video while it also seamlessly supports marking, grading and publishing the results back to the students. Since last year Dugga has witnessed strong international demand for its solution and has today more than 700 000 students on its platform. In 2020 Dugga was elected as Microsoft Education Partner of the Year.
“Looking at the market we believe our timing is perfect. With this new investment we are able to capture identified global opportunities and increase the speed of our growth even further,” says Maria Gårdlund, CEO at Dugga. “Being 100% EdTech focused Sparkmind.vc is an ideal partner for us and we look forward to continue our journey and mission together.” says Claudia Rademaker and Patrik Nilsson, founders and VP’s of Dugga.
Dugga is a Swedish EdTech company offering digital knowledge assessment solutions, suitable for hybrid learning: in-class and remote assessment. Its assessment platform is easy-to-use, collaborative, secure and can be used for all types of tests, exams, assignments, and high-stake exams. Dugga helps schools increase quality in learning, allow steachers to spend more quality time with their students and provides equal opportunities with assessment which is crucial for each student’s learning process.The company started as a research project and is currently used by schools worldwide.
Claudia Rademaker, VP, CMO, Co-founder, email@example.com, +468 307080
Sparkmind.vc is the first Nordic venture capital company exclusively focused on the learning sector. The company invests from Seed to Series B stages in teams transforming how the world learns. Its investments are focused on solutions that improve learning outcomes, increase access and efficiency of learning or use data insight to better support educators and learners.
Kai Talas, Partner, firstname.lastname@example.org, +358 40 179 20 44