Mediahuis Ventures led a $50m funding round in Perlego.

Mediahuis Ventures, a corporate venture capital arm of independent publishing and media company Mediahuis, led a $50m funding round in Perlego, a digital online library, with participation from Raine Ventures and Evli Growth Partners. “The market for educational content has lagged other types of content, which have successfully digitized and offered new models of consumption to users. We believe that adoption of an online subscription model in this category is inevitable, and that Perlego’s platform and business model will lead the education industry in this digital shift. We are excited to partner with Gauthier and the entire Perlego team in this journey,” Elizabeth Brillman, Raine Ventures VC Partner.