The Osborne Clarke team in Sweden have advised Sparkmind.vc on its lead in a €5.0m equity funding round for Lexplore, a Swedish EdTech company with a unique AI and eye-tracking technology used to assess and develop children’s literacy skills in schools.
The deal is the seventh announced investment from Sparkmind.vc’s €50m learning-focused venture capital fund. It follows the backing of CanopyLAB (dk) and Dugga (swe) earlier this year. The raised capital is focused on accelerating Lexplore’s commercial growth. It will enable the business to pursue new opportunities especially in Western Europe, US and Oceania funding key hires in sales development and marketing. Read more about the deal from Sparkmind here.
The Osborne Clarke team was led by Corporate Partner Mikael Nelson who was supported by Associate Soroosh Parsa. Osborne Clarke has a market-leading international venture capital practice and is widely recognized as a leading European law firm for companies operating in the technology, media and telecoms sector, working with global businesses, investors to fast-growth start-ups and market challengers.