Entrepreneurial Students of London Business School Raise Over $1million in Investment

Aug. 20, 2013 - PRLog -- The technology company for higher education, students and lecturers, Blikbook, has raised £1.3 million in funding to finance and support the significant expanding plan for the business, including moving its headquarters to Dublin, Ireland.

London, Greater London, United Kingdom., August 19, 2013 - (PressReleasePoint) - Having raised over $1 million dollars funds, a Start-up company incubated in London Business School, reaches out to Europe. The technology company for higher education, students and lecturers, Blikbook, has raised £1.3 million in funding to finance and support the significant expanding plan for the business, including moving its headquarters to Dublin, Ireland.

After participating in the London Business School Incubator Programme for Entrepreneurial Development alongside London Business School alumni and UCL- Cheyne Tan, Barnaby Voss, Ben Hall and Deepak Colluru; Blikbook started operations in 2010. Ever since then, this start –up has experienced fast growth with its usage figures doubling each semester. In the last term alone, students used Blikbook’s platform approximately 1.5 to 3 hours per session, two to three times a week. Hence, the platform’s usage in select courses at a third of UK and Irish universities and among half of the top 30 UK universities has increased.

Blikbook’s Managing Director and co-founder, Cheyne Tan, commented: “Our technology enables universities to improve student engagement, quality ratings and academic performance through an easy to use digital platform for knowledge sharing between lecturers and students.  This investment gives us a great boost as we seek to expand further in the UK and Ireland.”

The idea behind the platform is to allow students and lectures to interact outside the lecture room. Students use the platform for academic support sharing questions and lecturers use it to share answer and thus raise student engagement

This fund raising round, added up to over $2 million since the company launch. It was conducted by Leaf Investments in collaboration with Delta Partners – investing from its Bank of Ireland Start-up and Emerging Sectors Fund, Enterprise Ireland and Existing investors Forward Investment Partners also took part as an opportunity to build on their original investment in Blikbook. 

For more information on London Business School Entreprenuerial programmes, visit http://www.london.edu/programmes/executiveeducation/financingtheentrepreneurialbusiness.html