Olus Academy Ltd., trading as Olus Education, has successfully raised its first round of external funding. The Irish startup, known for providing digital literacy education in schools and homes across Ireland, has received an equity investment from a syndicate of private investors. The investment was co-funded by Enterprise Ireland through its Innovative High Potential Start-Up (HPSU) Fund.
— EducationInvestor Global (@EduInvestor) October 19, 2023
The capital injection will be utilized to fuel the company’s ambitious expansion into the UK market, marking a significant milestone in the firm’s growth journey.
Olus Education, headed by CEO Diarmuid Ó Muirgheasa, is dedicated to supporting digital learning wherever it occurs, whether at home or in school settings. The company provides teachers with the necessary tools to make learning digital skills both easy and enjoyable for students. This innovative approach is designed to empower students with vital digital skills, regardless of the teacher’s own level of technological proficiency or confidence.
The company’s unique value proposition lies in creating impactful learning opportunities for students while simultaneously reducing the workload for teachers. By facilitating a more efficient and engaging learning process, Olus Education aims to transform the way digital literacy is taught and learned in classrooms and homes.
The funding from Enterprise Ireland and private investors is a vote of confidence in Olus Education’s innovative approach to digital literacy education. It underscores the increasing importance of digital literacy in today’s rapidly evolving technological landscape and the growing need for solutions that make digital learning accessible and effective.
As Olus Education embarks on its journey into the UK market, it carries with it the mission to make digital literacy education more accessible, enjoyable, and impactful for students and teachers alike. With the backing of its new investors, the company looks set to make a significant impact on the UK’s edtech scene.
Watch this space for more updates on Olus Education’s exciting journey.