Impactful edtech company and market leading supplier of digital educational tools
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
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
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:
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.
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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