ILT Education

Impactful edtech company and market leading supplier of digital educational tools

Subheadings

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
100-kommuner
ILT logo

Business description

ILT Education offers digital educational solutions for schools and preschools, with a focus on audio and visual-assisted learning solutions for  students with special education needs ("SEND") such as dyslexia, and students with multilingual backgrounds. Its comprehensive service offering, based on a SaaS business model, is available in Sweden, Finland, Norway, Germany, Austria, UK and France. The company has historically had consistent organic and inorganic growth over the years with a high level of recurring customers.

"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 organic and inorganic value creation potential in scaling the impact and further accelerating product innovation. Trill Impact sees potential in continuing to develop ILT Education from one of the local market leaders to a larger international platform within digital education tools, in an industry benefitting from rapid structural growth. Trill Impact believes the key impact and investment attractions include:

  • Potential to accelerate access to equitable education for children and students with SEND (special education needs) and multilingual backgrounds
  • SaaS business model based on longer term contracts with public sector clients
  • Niche position in its core geography with high Net Promotion Score and lower than average churn leading to financial stability and profitability
  • Potential consistent growth with continued potential in Sweden via further segment penetration, product offering extensions and entry into new verticals (e.g. adult education)
  • Potential to replicate Swedish model and best practices across other jurisdinctions to capture the growth opportunities internationally
  • Multifaceted inorganic growth opportunity, potential to accelerate product and geographical expansions through accretive acquisitions

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.

TI (115)

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
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SDG Contribution

SDG # 5: Ensure inclusive and equitable quality education. Promote lifelong learning opportunities for all

SDG #10: Ensure equal opportunities, end discrimination, empower and promote inclusion of all

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