Growth investor Synova is delighted to announce a significant minority investment into National Education Group (“NEG” or the “Company”). NEG is a leading provider of online CPD training for schools and global education institutions, hosted through its proprietary learning management software.
NEG was founded by Neil Gamewell, James Southworth and Joe Stoney with the mission to empower schools to drive up standards and provide more accessible and engaging CPD content for all school stakeholders. The Company has grown rapidly, with over 12,000 schools subscribing and accessing the platform, which has expanded its video-based content library to cover a wide range of statutory compliance and professional development courses.
Demand for remote CPD has grown significantly in recent years as part of the wider digitalisation trend within education. NEG’s digital-first approach has enabled the Company to respond quickly with up-to-date, engaging and informative content supported by the functionality of its proprietary LMS and mobile apps.
Synova will support NEG and its founders to deliver an ambitious growth plan seeing further investment made into both the Company’s innovative software platform and its extensive digital content library.
Commenting on the investment, Neil Gamewell, CEO of NEG, said:
“We’re excited to be partnering with Synova whose support will enable us to continue to innovate, creating market leading content and technologies for schools. We’re a dynamic business on a high growth trajectory and we wanted a partner who shares in our vision with a similar entrepreneurial ethos. Synova’s excellent track record of scaling high growth education and subscription technology companies internationally will help support NEG to achieve its full potential.”
Philip Shapiro, a Managing Partner of Synova commented:
“We are delighted to be partnering with Neil, James and Joe to help them deliver their growth plans for NEG. Working closely with ambitious founders is central to Synova’s investment philosophy and, through its innovative technology and content production capability, NEG is uniquely positioned to capitalise on the growing market demand for high-quality online training.”
Tim Ashlin, a Partner of Synova commented:
“The global pandemic has accelerated the adoption of digital training and CPD alongside traditional formats across the education sector. NEG offers huge benefits to schools, teachers and staff who need access to a broad range of engaging materials through a user-friendly and continuously updated platform.”