The Key Group partners with Permira, doubling investment in R&D with a focus on AI
The Key Group, an education software provider, has announced a new partnership with global investment fund Permira.
Permira will join The Key Group’s board as the company plans to double its investment in R&D over the next few years. The Key Group will focus on the use of AI to save staff time and improve student insight.
The Key Group’s existing management team will remain in place, as will its existing software and support for schools.
"We are incredibly excited to welcome Permira to The Key Group. Their decision to back us is a powerful validation of our mission and our approach. They believe in our mission to transform schools, and bring deep expertise in product innovation alongside a proven track record of helping similar organisations scale their impact,” comments Chris Kenyon, CEO at The Key Group.
“We know they will be an invaluable partner as we accelerate our plans to continue providing outstanding value and indispensable support to schools across the UK. I also want to take this opportunity to say thank you to CBPE for being such a mission-aligned partner over the last five years.”
Michail Zekkos, Partner and Co-Head of Technology, and Pierre Pozzo, Partner at Permira, adds: “The Key Group’s mission to serve schools across the UK and make a meaningful difference to the way they operate through technology highly overlaps with the core tenets of our culture. Alongside Chris, James and the management team, we look forward to serving this mission, investing behind the company’s product leadership, deepening its AI capabilities, and providing schools with the technology they need to deliver measurable outcomes for students as the education sector continues to evolve.”
