Funding

[Funding alert] Madrid-based Edtech Startup Leemons Secures €1.5 Million in Funding

Jan 16, 2024 | By Startup Rise EU

Madrid-based edtech startup Leemons secures €1.5 million in funding. Swanlaab Venture Factory, Ship2b Ventures, Stella Maris Partners in Mexico, business angels, and a few earlier investors lead this round, reaffirming their commitment to the startup that creates the LXP platform for colleges, businesses, and institutions.

Madrid-based edtech startup Leemons secures €1.5 million in funding. Swanlaab Venture Factory, Ship2b Ventures, Stella Maris Partners in Mexico, business angels, and a few earlier investors lead this round, reaffirming their commitment to the startup that creates the LXP platform for colleges, businesses, and institutions.

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With this fresh financing, the company hopes to execute its go-to-market strategy, hire key personnel for business expansion, and consolidate the SaaS platform created in 2023. Its third financing round has already begun with this latest infusion of funds.

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Mark Kavelaars, managing partner of Swanlaab Venture Factory said, Swanlaab Tech Fund II led the round with an investment of more than €500k, thus adding to its portfolio the second investment to add six more this year. “From Swanlaab Tech Fund II, we expect to add to this investment from Leemons another 5 or 6 more representing €5-10 million during 2024″.

As Jaime de Antonio del Castillo, Investment Manager of the venture capital firm, commented: "The Ship2B Ventures fund, which specialises in early-stage investment in startups in the greentech and edtech sectors or those that promote improving the quality of vulnerable groups, has also joined the capital inflow. We are committed to proposals such as the one offered by Leemons, with a strong intention to improve student performance to reduce school failure”.

They also pay close attention to the facts and the state of school dropout rates in Spain. With funding from the EIF, Banco Sabadell, and AXIS, Ship2B Ventures has invested in 26 impact enterprises through the BSocial Impact Fund. By 2024, the company plans to make about ten more investments.

In order to provide schools with a worldwide platform to digitise the learning process and begin utilising a cutting-edge data model that permits instructors, students, and school administration to make decisions based on facts, Leemons was founded.

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The entities for which the Leemons platform enables the digitalization of training are universities, career training centres, corporate training departments, and online or blended learning programmes.

About Leemons

Leemons the Edtech company, which Lula de León and Johan Sosa formed in 2021, is making progress towards its goal of being the market leader in educational technology by offering a distinctive product.

Read also - Berlin-based Startup Pliant Raises €8 Million in Series A Round Funding

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