Hambro Perks today announces its tenth investment from its Growth Debt Fund, providing funding to Century-Tech Limited (“CENTURY”), a leading AI Edtech platform for schools, colleges and universities.
CENTURY was founded by Priya Lakhani OBE in 2013 and is headquartered in London (with close to 100 employees). The company has developed proprietary education software utilising AI, which it licences to educational organisations and learners worldwide on a SaaS basis.
CENTURY has been independently shown to improve GCSE results in a range of educational settings. Research has also shown that students who use CENTURY outperform their peers who do not have access to CENTURY.
Stephen Fahy, Partner at Hambro Perks Growth Debt Fund, said: “CENTURY’s award-winning AI technology helps address challenges in the education sector (including reducing teacher workload and enhancing teaching resources), and we are delighted, and very proud, to welcome them into our growing portfolio of IP-rich companies. CENTURY’s ecosystem uniquely links assessments, teaching and learning to create the most powerful data and intelligence engine across the education sector. We look forward to working with CENTURY and supporting their vision to be the intelligence underpinning the education sector globally”.
Priya Lakhani OBE, Founder and CEO of CENTURY, said: “We’re really excited to be working with Hambro Perks and to join their impressive portfolio of industry-leading businesses that are changing the world. Their investment will allow us to continue our global expansion on a mission to improve education through innovative, effective and ethical AI technology.”