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Finland-based gamified education platform Seppo has raised €1.2 million to accelerate its growth

Seppo.io, a Finland-based EdTech company specializing in gamification, recently announced that it has raised €1.2 million in funding from Almaral Oy, Risto Vahanen-owned ECO-Innovation and Sustainability Management Oy and state-owned Oppiva Invest. The round was also supported by Liquido Ventures Oy.

Seppo will use the fresh capital to accelerate already promising growth in Europe and Latin America. Currently, 35% of the company’s turnover is already achieved on the export market. The additional funding will also double the growth figures. Growth in the international market is particularly sought after. The goal is to develop Seppo into a globally known gamification brand for corporate training.

Founded in 2012 by Riku Alkio, Seppo has been successful with its gamification platform, offered as a SaaS platform, where any educational or educational content can be turned into an interactive learning game. It is used in about fifty countries around the world, including companies, educational institutions and public organizations. Among the company’s clients are the world’s largest educational publisher Pearson and Merlin Entertainment, known for managing, for example, Legoland theme parks.

With Seppo, game content is created by teachers, meaning it can be used for any subject at any school level. Students can participate in the creation of the game and can use text, images, videos and applications while playing it

Commenting on the fundraising, Seppo founder and CEO Riku Alkio said:

It feels great to get more resources to grow. We have already proven that there is a demand for Seppa in the market, and now we can take our business to the next level in a systematic way. Thanks to our investors for providing financial and human capital. For several years now, we have been resolutely preparing for a new growth spurt.

Based in Helsinki, Uusimaa, Seppo has been growing organically for the past few years and reached a break-even point a few years ago.

In 2017, Seppo raised €300,000 in a funding round led by Excedea Capital.

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