Perlego is a technology company.
Perlego is an online subscription service that provides access to a digital library of over a million academic books, designed to make knowledge more accessible.
Perlego has raised $80.5M across 4 funding rounds.
Perlego has raised $80.5M in total across 4 funding rounds.
Perlego has raised $80.5M in total across 4 funding rounds.
Perlego's investors include Alpine Ventures, Innerproduct, Charlie Songhurst, Johan Brand, Terence Leahy.
Perlego is a London-based edtech company offering a subscription-based digital library with unlimited access to over 1 million academic textbooks, audiobooks, and resources across 1,000+ topics in multiple languages.[1][2][3] It serves primarily university students, professionals, and institutions worldwide, solving the problem of skyrocketing textbook costs—often hundreds of dollars per book—by partnering directly with publishers like Cengage, Routledge, and Elsevier to eliminate print, distribution, and retail markups, providing affordable streaming access from any device.[1][2][3] With $75M in total funding, including a $20M round in 2024 led by Sir Terry Leahy, Perlego powers 250+ institutions and demonstrates strong growth through AI-enhanced tools and global expansion.[3][7]
Perlego was founded in 2017 (with roots traced to 2016 in some accounts) by Gauthier Van Malderen (CEO) and Matthew Davis, both former students frustrated by exorbitant textbook prices that fueled anxiety, exclusion from education, piracy, and losses for publishers.[1][2][3][6] The idea emerged from their personal struggles: recognizing no affordable alternative existed, they created a "Netflix for textbooks" model by negotiating direct publisher partnerships to stream content digitally.[1][2] Early traction came via Founders Factory support, reaching 500k users, 120+ partners, and 1M+ titles, evolving from a student-led hack against costs into a global platform committed to sustainability and inclusivity.[2][7]
Perlego rides the edtech wave of democratization, fueled by rising tuition, remote learning post-pandemic, and AI personalization, timing perfectly as textbook prices soar amid sustainability demands.[1][2][3] Market forces like publisher digitization and student debt crises (e.g., US disengagement from high costs) favor its model, disrupting a $10B+ industry reliant on physical sales.[4][8] It influences the ecosystem by partnering with academia (e.g., JSTOR's ITHAKA investor), reducing piracy, and promoting green publishing—positioning as the "world's online learning library" amid global access pushes.[2][3][5]
Perlego is poised to dominate as the go-to academic library, leveraging $75M funding for AI innovations, multilingual expansion, and deeper institutional ties to hit multi-million user scale.[3][7] Trends like AI tutors, VR learning, and emerging markets will amplify growth, though competition from free resources and publisher pushback could challenge. Its influence may evolve into a full edtech platform, further eroding print textbooks and empowering global learners—transforming education from cost barrier to boundless opportunity, true to its student-born mission.[1][2]
Perlego has raised $80.5M across 4 funding rounds. Most recently, it raised $20.0M Venture Round in October 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2024 | $20.0M Venture Round | Alpine Ventures, Innerproduct, Charlie Songhurst, Johan Brand | |
| Mar 1, 2022 | $51.0M Series B | ||
| Nov 1, 2019 | $9.0M Series A | Alpine Ventures | |
| Nov 1, 2017 | $520K Seed | Alpine Ventures, Innerproduct, Charlie Songhurst, Johan Brand, Terence Leahy |