Taunton-based education technology company Schools BI has secured a £150,000 loan from the British Business Bank’s South West Investment Fund, via appointed fund manager The FSE Group, to support its continued growth and product development.
Schools BI provides data analytics solutions to schools and Multi-Academy Trusts (MATs), enabling them to turn fragmented data into actionable insights. With a user base of around 300 schools across 40 Trusts, alongside 30 independent schools and 35 international institutions spanning the Middle East, UAE and US, Schools BI is fast becoming a key player in the EdTech space.
The bespoke Schools BI platform integrates with existing education systems to collate and visualise data from across areas such as student performance, attendance, behaviour, HR, enrolment trends and financials. It enables senior leadership teams and operational staff to make smarter, faster, and more strategic decisions all from a single dashboard.
The funding from The FSE Group will allow Schools BI to invest in software development, platform enhancements, and the recruitment of additional staff to meet growing demand, both in the UK and internationally.
Read the full press release here.
The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million.
