KCP (Key Capital Partners), a private equity firm, has funded Avantis Systems, an educational VR business in Gloucester, with a £4.3 million.
Founded in 2007, Avantis Systems provides classroom educational technology.
Avantis Systems launched ClassVR that helps teachers to offer their students with VR experiences.
Avantis is continuing to invest in enhancing both ClassVR and educational experience. Almost 80 percent of ClassVR sales are to global markets, with sales made into 60+ countries across North America, Latin America, APAC, and Europe.
Owen Trotter, managing partner at KCP, will be on the board of Avantis, along with chief executive Nik Tuson.
“The team at Avantis has done a fantastic job in creating a product which adds real value in the classroom. Our research confirmed the huge potential for the business to grow rapidly over the next few years and I look forward to working with Nik and the team to turn this into reality. We have had phenomenal success with ClassVR and the investment from KCP will help us to firmly establish Avantis is the premier provider of VR and AR technology in the classroom. We selected KCP as our partner based on their speed of response, understanding of our ethos, and their shared vision of what VR can achieve as a classroom tool.” – Owen Trotter, managing partner at KCP
“We have been working with Avantis for some time, reviewing their options to create and ultimately realize shareholder value, and settled on private equity as the means to take the business to the next level and to eventually achieve an exit, likely to be to a global player in the broader education technology market.” – Martyn Pilley of Cattaneo Corporate Finance.