investments


Avantis Systems

Educational technology solutions

February 2020

£4.3 million investment

www.avantiseducation.com

“We selected KCP as our partner based on their speed of response, understanding of our ethos and their shared vision of what VR can achieve as a classroom tool.”

Nik Tuson, CEO | Avantis Systems

The business...

Avantis is a specialist in Education Technology. The Company launched ClassVR in 2017, a complete virtual reality system for the classroom including headsets specifically designed for classroom use, control software that enables the teacher to manage all of the headsets simultaneously and an extensive package of content tailored to the curriculum. Just over two years after launch, the ClassVR is in use in over 3,000 schools spread across over 60 different countries. Avantis is established as a leading player in the fast-growing educational VR market.

The deal...

Impressed by the growth of the ClassVR product, KCP backed Avantis Systems with a £4.3 million investment in 2020. The investment by KCP provided an element of cash out to the founder of the business, supported expansion of the Company’s sales force in the US and further investment in the Company’s content offering.

KCP value-add...

Since our investment we have:

  • Appointed a chairman with significant industry experience
  • Worked with management to develop a content development roadmap
  • Assisted management in the implementation of an employee option scheme