Sdui, an edtech scaleup that simplifies communication and organisation at schools and daycare centres, has secured €25M in follow-on funding led by German-based VC firms HV Capital (that also backed German solar unicorn Enpal) and Haniel.
Additionally, existing investors and new capital providers, including private equity professional Dr. Michael Hinderer and growth debt investor Kreos Capital, participated in the round.
The latest round of funding brought Sdui’s valuation to three-digit million; however, the exact amount was not disclosed.
Daniel Zacharias, founder and CEO of Sdui, says, “We are delighted to have a number of renowned investors on our board that is committed to our future strategy and continue to support Sdui’s ambitions to scale in Europe.”
He adds, “With more than 300 percent revenue growth since the initial Series A in March 2021, Sdui has proven how much potential our startup’s business model offers. These investments build the bridge towards profitability, giving us additional confidence to execute our strategy in the current financial market environment.”
The company will use the funds to accelerate international expansion and scale its product and intends to position itself as a partner for educational institutions across Europe.
“We see easy access to education as one of the greatest challenges of our time and an essential requirement for Europe’s future. Our conviction is: Sdui will be the digital provider of an innovative operating system that leverages the digitization processes of schools and daycare centres for both public and private providers,” says Daniel Zacharias.
Transforming education through digitisation
Founded in 2018 by Daniel Zacharias in Koblenz (Germany), Sdui is one of the fastest-growing startups in the German edtech industry. School and daycare centers are able to communicate and organise more efficiently with the SDUI thanks to its smart features that connect teachers, educators, parents, and children. As a result, SDUI’s platform reduces administrative workload and allows teachers to focus on providing the best possible education.
Additionally, the Munich-based startup offers GDPR-compliant solutions for schools and daycare centers, including video calls, cloud, timetable, and translations. With 170 employees, the Sdui Group is operational in Germany, Belgium, and Switzerland, as well as four other European countries, including Italy and Spain and around 10,000 educational institutions currently use the platform.
“We’ve been beyond impressed with the team’s ability to build a market-leading cloud operating system for the ever so important process of bringing our school system online,” says Felix Klühr, Partner at HV Capital, Germany’s leading all-stage investor. “Sdui’s strong and capital-efficient growth made doubling down a no-brainer.”
Further, High-Tech Gründerfonds (HTGF) and European edtech VC Brighteye Ventures also increased their investments in the German company. “At Brighteye, we believe in backing strong founders with the potential to build the future education technology leaders of Europe. In Sdui, with its founder Daniel, we see a company and vision addressing a large enough pain point in Europe’s education infrastructure to build an international category leader”, says Alex Spiro Latsis, Partner at Brighteye. “Sdui has the potential to transform educational institutions from within, improving efficiencies, communication, the safe handling of data, and the supply of all digital tools and products in a way that few companies can, to be THE digital backbone of European education.”
Recently, Brighteye Ventures also published its fourth annual report focusing on edtech funding in Europe. The report highlighted all about the edtech scene in Europe, those interested can download here.