Kortext offers university students all their required textbooks digitally
Kortext is the UK's leading digital textbook platform – any time, anywhere, any device.
• Location:
United Kingdom
• Founding year:
2013
• Status:
Active
• Business model:
B2C
• Stage focus:
• Type of fund:
Kortext is the UK's leading digital textbook platform – any time, anywhere, any device.
• Location:
United Kingdom
• Founding year:
2013
• Status:
Active
• Business model:
B2C
• Stage focus:
• Type of fund:
Tags:
Kortext has built a digital textbook platform which offers higher education and university students access to all the textbooks they need from publishers for their courses
Why DMG Ventures has initially invested?
- Education is a sector in desperate need of digitisation
- Kortext already had a strong UK market presence
- Kortext had early evidence of international scalability
- Strong leadership team; the CEO had built and exited similar business in the US
Performance
- Strong performance since DMG Ventures's initial investment, increasing revenues from £4.9m in 2018, to over £21m in FY23
- DMG Ventures's initial investment was £750k at a £25m pre-money; Kortext is now valued at £145m from their Series B round in 2021, that DMG Ventures led
