£450,000 Funding for Glasgow Tech Firm
Glasgow-based educational technology company Estendion secures £450,000 funding.
06:05 28 May 2021
Estendio has recently secured £450,000 funding from private investors and key partners including Scottish Enterprise.
The Glasgow-based educational technology company will use the additional funding in expanding their reach to support more students with presentation anxiety. The funding will also be used to double the firm's headcount to around 30 people this year and support the company's entry into the North American higher education and school markets.
The firm, which was founded in 2015, is on a mission to alleviate presentation anxiety, after founder and chief executive Chris Hughes, experienced the challenge of presenting first hand as a dyslexic student in university.
The firm was founded with an initial investment of £50,000. It has since seen revenue triple and its team expand from four to 17 during the pandemic. Estendio is set to create 15 further roles in software development, marketing and sales within Scotland.
Co-founder Hughes said: “I had to give presentations two or three times a week as part of my degree - I was getting so frustrated spending hours preparing every week only to forget key information during my presentation.
“After reaching out to my disability services, I was told this was a common challenge for disabled students and I was offered the chance to present directly to my lecturer or to skip the presentation altogether.
“After working so hard to get into university, skipping this key skill wasn't an option for me, so I made a solution for myself.”