ILT Education

Impactful edtech company and market leading supplier of digital educational tools

At a glance

Year of investment: 2021
Revenues 2022: SEK 215m (ARR: SEK 243m)
Number of FTEs 2022: 84
CEO: Jakob Skogholm
Board: John Martin, Eola Runsten, Markus Kullendorff, Samir Kamal & Johan Lundén

Website

Business description

ILT Education offers digital educational tools for schools and preschools, with a focus on audio and visual-assisted learning solutions for children and students with dyslexia, other cognitive needs or multilingual backgrounds. Its wide service offering, based on a SaaS business model, is available in Sweden, Finland, Norway, Germany, Austria and France. The company has historically had strong and consistent growth over the years with a high level of recurring revenues.

"I'm welcoming Trill Impact as the new majority owner of ILT Education where we together can create a true impact leader in Ed-Tech, accelerating our value proposition by measuring learning outcomes of students, increasing customer adoption and strengthening loyalty among our end-users and employees. This, combined with an ambitious growth agenda, makes me very excited about the outlook for the next few years."

- Jakob Skogholm, CEO of ILT Education

Return with impact investment rationale

In Trill Impact's view, there is a clear value creation potential in scaling the impact and further accelerating product innovation. Trill Impact sees significant potential in continuing to develop ILT Education from a local market leader to a larger international platform within digital education tools, in an industry benefitting from rapid structural growth. We believe the key impact and investment attractions include:

Accelerating access to equitable education for children and students with reading disabilities and multilingual backgrounds
Attractive SaaS business model based on longer term contracts
Very strong niche position in its core market with high Net Promotion Score and very low churn leading to high financial stability
Consistent growth with continued potential in Sweden via further market penetration (especially Polylino) and product offering extensions
Significant further growth opportunities for Polylino in recently entered markets (Finland, Norway, DACH and France), while selectively expanding into additional international markets

ILT Education's solution

ILT Education is a highly impactful company addressing general European educational challenges and seeks to provide people equal opportunity to gain knowledge and access to information. The products are designed specifically for both young children and students with learning support needs and range from narrated audio versions of printed schoolbooks to multilingual and interactive digital support functions.

Social/Environmental challenges

Falling PISA scores in most EU markets, >20% of students underachieving in reading, math and science, COVID-19 adding to the challenge
Non-native students perform below average
Majority of teachers lack knowledge of neuropsychiatric disabilities