pi-top Closes $16 Million Funding Round

Learning company pi-top™ has secured $16 million in funding, the company
announced today. The investment, led by Hambro Perks and Committed
Capital, brings pi-top’s total funding to $22.5 million to-date.

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Learning company pi-top™ has secured $16 million in funding, bringing pi-top’s total funding to $22.5 million to-date. Currently, pi-top products are in more than 2,000 schools around the world, having manufactured more than 100,000 devices. (Photo: Business Wire)

“This latest round of funding reflects the value of the company’s vision
and strategic direction as we strive to transform education through
learning by making,” said Jesse Lozano, pi-top’s CEO and co-founder. “We
will use the investment to continue to expand our capabilities in
manufacturing, marketing, sales and operations to drive our global
growth.”

The funding by Hambro Perks and Committed Capital follows a number of
recent business achievements by pi-top. On July 4, Jesse Lozano, CEO and
co-founder, was named by global services firm Ernst and Young as London
Entrepreneur of the Year. The company received Tech and Learning
Magazine’s “Best of Show” award at the International Society of
Technology in Education conference in Chicago in June. In January, the
company was named “Innovator of the Year” at the BETT education trade
show in London – the industry’s largest trade show.

Company Growth and Progress

Currently, pi-top products are in more than 2,000 schools around the
world, having manufactured more than 100,000 devices. Since the
company’s last round of funding in 2016, pi-top has grown to a team of
over 80 people worldwide, adding offices in Austin, Texas and Shenzhen
China, while expanding the team at its headquarters in London, UK.

The company has added a broad array of talent across all areas of the
business, including:

“I am excited to be working alongside so many talented people to bring
pi-top into the hands of our customers,” said Lozano. “The company has
progressed a long way since it was just my co-founder Ryan and I working
in my living room in London. We’ve grown quickly and added fantastic
talent because of our continued focus on education and learning outcomes
in the classroom. We continue to stay true to our mission to deliver
inspirational learning by making outcomes to students.”

To address its focus on the global education market, the company
recently announced the pi-top Learning System, a learning solution that
includes all the hardware, software, curriculum content, training and
support needed to deliver an experiential computer science and STEAM
(science, technology, engineering, arts and mathematics) curriculum with
a learning by making focus.

Commenting on the pi-top Learning System, Lozano said, “The program
includes a 3-year contract with subscription prices ranging from $10,000
– $15,000 per year. Our goal is to provide schools, districts and
governments with all they need to deliver the best learning outcomes
possible, preparing students to be active and engaged contributors to a
modern society and workforce.”

Founded in 2014, pi-top’s mission is to give every learner the
opportunity to be inspired by making. Through its pi-top Learning
System, the company provides students around the world with valuable
STEAM knowledge, while building the skills they need to take on the
future, such as problem-solving, teamwork, creativity and
critical-thinking.

About pi-top

pi-top™ is one of the industry’s fastest growing education technology
companies, with headquarters in London, and offices in Austin, Texas,
and Shenzhen, China. The pi-top platform is an award-winning ecosystem
used around the world blending physical computing and project-based
learning with computer science and STEAM education. The company’s
mission is to give every learner the opportunity to be inspired by
making, developing the skills they need for future success. More
information about the company is available at www.pi-top.com.

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