News has learned that Perlego, a digital library that offers academic titles via a membership service, will be revealing the specifics of its most recent funding round on Tuesday.
According to sources, ITHAKA, the organization that created JSTOR, a well-known digital archive of scholarly publications and books, is also pledging new cash to the business.
Established in 2017, Perlego boasts an increasing number of well-known investors, such as KPN Ventures and Mediahuis, a Belgian publisher that recently made a bid for The Daily Telegraph.
On Monday, it was unclear at what valuation the new funding was being obtained.
investment after giving up the CEO position at Tesco more than ten years ago.
“One of the most important issues facing modern education is access to necessary learning materials, which Perlego is tackling,” he said.
“This investment is a testament to Perlego’s creative teaching methodology and its capacity to completely transform the educational landscape.
