EdTech specialist Weduc secures six-figure loan from Midlands Engine Investment Fund II for AI integration and data insights
UK-based EdTech provider Weduc has secured a six-figure loan from the British Business Bank’s Midlands Engine Investment Fund II.
Weduc, which offers communication tools designed to increase parental engagement and operational efficiency, will use the funds to accelerate its product innovation roadmap with a focus on simplification, deeper AI integration and enhanced data-driven insights.
The funding will also support Weduc’s product development, hiring and enhanced IT infrastructure to accommodate growth.
“Engagement between schools and parents has never been more important, and ReachMoreParents is designed to simplify that connection,” explains Robert John Pointen, CEO at Weduc. “We’ve seen strong momentum over the past year and this funding from the Midlands Engine Investment Fund II will enable us to accelerate our plans, develop new features, and continue delivering value to schools and trusts across the UK. We’re excited about the journey ahead and grateful to Maven for their support.”
Dave Tindall, Senior Investment Manager at British Business Bank adds: “We are pleased to see the Midlands Engine Investment Fund II driving growth and expansion within the region. The Fund is focused on backing businesses with significant growth potential across diverse sectors, and it's inspiring to see Weduc leverage this opportunity to create jobs and contribute to the continued development of the region.”
The £400 million Midlands Engine Investment Fund II covers the UK’s Midlands region, providing debt finance from £25,000 up to £2 million and equity investment of up to £5 million to support small and medium sized businesses to start up, scale or stay ahead. The Bank is a development bank owned by HM Government.
