Gizmo Raises $22 Million In Series A Funding Led By Shine Capital With 13 Million Users

Gizmo, the London-based AI study app, raised $22 million in Series A funding led by Shine Capital, with participation from Ada Ventures, Seek Investments, GSV, and NFX. The company aims to expand its engineering and AI teams, grow its U.S. college market presence, and accelerate product development.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $22,000,000
• Company Name: Gizmo
• Founders: Petros Christodoulou, Paul Evangelou, Robin Jack
• Headquarters: London, United Kingdom
• Notable Investors: Shine Capital, Ada Ventures, Seek Investments, GSV, NFX
• User Base: Over 13 million learners across 120+ countries
• Employee Growth: Expanding from seven to around 30 employees

CEO Petros Christodoulou leads Gizmo, which has seen significant growth from a user base of 300,000 in 2023 to over 13 million currently. The company focuses on utilizing the new capital to enhance its product offerings and market presence.