Image credits: Kognity
Education is the solution to the world’s biggest problems — poverty, conflicts, environmental destruction, among others.
As a result, a couple of students — Hugo Wernhoff, and Nicholas Johansson in 2014, wanted to create a paradigm shift in global learning efficacy through exciting and dynamic interactive learning resources they would always want to experience in their classroom.
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And thus, Kognity was born in 2015.
Raised €17M
Recently, Kognity, a Stockholm-based edtech company, has secured $20M (approx €17M) funding from Nordic growth investors Alfvén & Didrikson. On the other hand, the Swedish company has expanded its operations into the US market.
Alfvén & Didrikson is an active and long-term backer of entrepreneurs and teams with international growth ambitions. Since 2010, the company has made investments in fast-growing Northern European companies such as Trustly, Quinyx, Acast, Mentimeter, Sympa, and Klevu.
As a part of the investment, Maria Åhr has joined Kognity’s board of directors together with Ken Liebkind, also a partner at Alfvén & Didrikson.
Wants to radically change Education
Founded in 2015, Kognity aims to improve learning for 1.5B school students globally. The company replaces printed textbooks with the next generation alternative like video examples, 3D models, and practice tests to make the content more interactive and engaging.
So far, the company has established a global school customer base across more than 100 countries.
“We are beyond excited to start this next phase of our journey. Since our launch, we have helped over ¼ million teachers and students across all continents to better learning outcomes. During the Covid pandemic, many schools have relied on Kognity to continue their operations. But we’re only at the beginning of our journey. We’re convinced that Kognity can play a role on a global scale in solving the massive challenges facing education today. Expanding to US high schools, as our first national curriculum market, is an important step towards that”, says Kognity’s CEO, Hugo Wernhoff.
Promotes independent learning
According to the company’s claims, 90 per cent of the students feel that Kognity has helped them achieve higher scores on tests. Moreover, 86 per cent of students find Kognity more engaging and fun than their printed textbooks.
“Our content is 100 per cent aligned with each curriculum and created by subject experts. Our material is continually updated to ensure that you and your students have access to the most relevant, engaging content,” claims the company in the official blog.
The Swedish company also allows schools to access over 10,000 expertly-curated questions and create differentiated assignments. Further, the edtech company promotes independent learning by providing students with a wealth of opportunities for self-study.
The company has recently announced that it has become part of the Association of International Schools in Africa (AISA).
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