MEL Science, a London, UK-based education technology company, raised US$2m in funding from TMT Investments PLC (AIM: TMT.L).
The investment was part of a wider funding round.
The company intends to use the funds to expand into new science subjects and scale up sales in existing and new countries.
Led by Vassili Philippov, CEO, MEL Science has developed a platform for science lessons combining VR/AR interactive visual lessons with hands-on experiments. Its first product, MEL Chemistry, is a B2C subscription service, which combines physical kits for science experiments with a VR mode-equipped iOS & Android App, and is available in more than 30 countries.
MEL Science already provides MEL Chemistry to thousands of users in the USA andEurope in both the B2C and B2B sectors. The B2C range provides science sets on a subscription model with an app that allows the user to experience the science behind the experiments in VR, increasing learning and motivation in children through an immersive experience whilst allowing parents and children to spend quality time together.
The B2B product for schools comprises high-quality education programs for children by providing fundamental understanding (instead of just memorising) using simulation engine and molecular-level experiments.
FinSMEs
26/02/2019