Texthelp receives new investment from Five Arrows
On behalf of everyone at Texthelp, I’m very happy to announce this morning that we have secured a significant investment from Five Arrows, the private equity arm of Rothschild & Co.
This follows an investment from LDC, private equity arm of Lloyds Banking Group back in May 2019, who are exiting as part of this transaction.
You’ll know that earlier this year, I was appointed to lead the company as CEO. I’m excited to lead Texthelp as we enter our next phase of growth. I won’t be doing it alone. One of Texthelp’s greatest assets is our people and our ability to bring innovative solutions to our customers. Several other senior-level appointments have happened recently too, including Ryan Graham to Chief Technical Officer, and Jonny Gribben to Chief Data Officer.
In the past 18 months, we’ve played an important role in supporting the 1.5 billion children who were excluded from schools due to the COVID-19 pandemic. We’ve also helped students to avoid further learning loss by providing online products and tools that make remote learning more effective and engaging. Our products have helped employees adjust to remote working. They’ve also supported businesses in reaching their core audiences at a time when so many aspects of life have been digitized.
We are thrilled and honored to be working with Five Arrows as we enter the next stage of our growth and expansion. We were impressed by their focus on data, software and technology-enabled businesses, and their active supportive approach to scaling businesses. We look forward to releasing two new products this financial year with Five Arrows support as we expand our workplace and education product offerings. We are also grateful to LDC who helped us go further, faster. They believed in the potential of our business, providing the investment, support and expertise to help us accelerate a truly differentiating digital transformation in a relatively short space of time.
Sacha Oshry, Managing Director at Five Arrows Principal Investments said: “We are absolutely delighted and privileged to be partnering with Martin and his leadership team as Texthelp enters its next stage of growth. Texthelp is a global market leader with high recurring revenue, a proven track record of organic growth with demonstrable resilience, and significant untapped potential. We believe that Texthelp’s innovative and high-quality products make the company well-positioned to capitalize from the powerful structural growth trends in the global assistive technology and remote working markets in both the education and corporate sectors.”
Ari Benacerraf, Partner at Five Arrows Capital Partners further commented: “We believe that Texthelp is a highly differentiated SaaS company with a loyal customer base in a rapidly growing sector. Five Arrows has significant experience backing global vertical B2B software businesses and businesses which serve the North American K-12 education sector. We look forward to supporting Martin and his team to accelerate Texthelp’s growth ambitions over the coming years. This is yet another great example of our US and European corporate private equity teams working collaboratively to invest in companies that stand to directly benefit from the global networks and trans-atlantic synergy that exists across our private equity platform.”