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NEWS August 25, 2021

Sting company EdAider receives significant investment from AcadeMedia EdTech

AcadeMedia EdTech, part of Sweden’s largest education company, has made a substantial investment in recent Sting alumni EdAider in a new strategic partnership.

AcadeMedia EdTech, part of Sweden’s largest education company, has made a substantial investment in recent Sting alumni EdAider in a new strategic partnership.

EdTech startup EdAider is an AI-based learning platform that supports evidence-based adaptive learning and teaching in both physical and virtual classrooms. The platform, which was developed by teachers and researchers, gathers important tools in one place and automates admin to enable more effective teaching.  

The details of the agreement have not been disclosed, but the partnership represents a major milestone for the company and comes with a significant monetary investment.

Jalal Nouri, CEO and Founder of EdAider, says: “The investment from Academedia, which is an important strategic actor, will significantly support us on our mission to strengthen the educational system with a next-generation platform for adaptive data-driven education. We are also very thankful to Sting and SU Holding, who believed in our mission and helped us get to this point. We’re very excited about what lies ahead for us, and are welcoming teachers and schools, as well as new recruits, to join us in further developing a learning platform that brings out the best of people and technology.”

EdAider’s founders will remain majority owners of the company with AcadeMedia EdTech being an active partner. AcadeMedia is northern Europe’s largest education company with operations in Sweden, Norway and Germany.

Anders Haesert, Head of AcadeMedia EdTech, said: “Our ambition is to find innovations that can contribute to the development of the school system. We have strong faith in Jalal and his team at EdAider and are impressed with how far they’ve come, both in terms of the technical platform and its content.”

“Now we also have a strong partner who contributes both resources and knowledge we can continue to build the school of the future with vigor,” adds Jalal.

EdAider was started in 2019 and completed Sting’s incubator program in 2021.

About EdAider

EdAider is an EdTech startup founded by researchers at Stockholm University and supported by SU Innovation, SU Holding, Vinnova and Sting. The company is currently developing AI and analytics technology for educational purposes based on state-of-the-art research. They enable data-driven decision making in schools and universities, providing a powerful platform for adaptive learning. The team’s ultimate goal is to transform current modes of mass education into personalized education.

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