PRESS RELEASE: Vygo Receives Funding from Leading European EdTech VC Sparkmind to Accelerate Global Borderless Education Support

Vygo is working with higher education institutions around the globe to reinvent the conventional social support ecosystem online and to ultimately build borderless social education communities for each student.

Vygo, a Saas platform that is reinventing the conventional social support ecosystem in higher education, has today announced an investment of US$2 million led by European Edtech VC Sparkmind and including SuperCharger Ventures, a leading global EdTech Accelerator.

The investment will allow the Australian founded company to accelerate their expansion into the European market and further consolidate its already-established presence in the Asia Pacific market.

Introduced through SuperCharger Ventures’ accelerator programme, Sparkmind.vc leads the round including other investors such as the Australian Catholic University, Angel Investment Network and other undisclosed institutional and private investors.

The demand for Vygo has sky-rocketed in recent years due to the need for HE institutions to extend their support services beyond the physical campus. A recent JISC study estimates that up to 96% of university students require additional access to support during their undergraduate degree. This demonstrates the need for support services to be more accessible than ever to ensure that students are getting the best educational experience possible.

Ben Hallett, Vygo CEO & Co-Founder, comments: “At Vygo, we believe that every human deserves a world-class education and that social experience is at the core of impactful learning. The Vygo platform gives every learner a social education community filled with their peers, mentors, tutors, advisors and other supporters. With Vygo, education institutions are able to reinvent their social support ecosystem online and ultimately improve their student outcomes whilst scaling their impact. Being 100% EdTech focused Sparkmind.vc is an ideal partner for us and we look forward to continuing our journey and mission together.”

Commenting on the deal, Sparkmind.vc Partner Kai Talas says: “As we know, creating a sense of belonging and engagement are critical factors for better student wellbeing, learning outcomes and lower dropout rates. Enabling targeted support and network building, Vygo’s platform allows universities to offer exactly this, at scale. We see this as a critical element of the student experience and believe it will be one of the key success drivers for universities going ahead. On top of the deeply meaningful offering and the global market opportunity, we are also very impressed by the highly capable team and the momentum the company has generated.”

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About Sparkmind

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 to and efficiency of learning, or use data insight to better support educators and learners.

About Vygo

Vygo helps educators champion more learners. For learners, the Vygo platform organises all of their institution’s support services at their fingertips. It gives students the tools to connect with the people they need, whenever they need them, wherever they are. With Vygo, educators organise, digitise and optimise their student support services to drive student retention, wellbeing and success. The learner support platform allows institutions to cost-effectively scale their student impact.