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Humly founders Kristoffer Persson and Gustav Bild. | Image credit: Humly
Sweden-based education technology firm Humly announced that it has raised funding from Alfvén & Didrikson and Viking Venture. While the precise funding amount remains undisclosed, this financial backing is expected to drive Humly’s rapid growth in its current markets.
“Humly is in the business of empowering educators, affording them the liberty to choose their work hours, locations, and load. Our digital platform is making this autonomy a reality,” says Gustav Bild-Tofftin, CEO of Humly.
Humly is actively addressing the teacher shortage issue in Sweden and the UK, covering areas such as Fareham, Milton Keynes, Bristol, Birmingham, Sheffield, Nottingham, Liverpool, Manchester, and Newcastle.
“We are impressed with Humly’s efficient marketplace and how closely they work with their customers to create a long-lasting and healthy business. It is a dedicated and humble team that we look forward to working with,” says Maria Åhr, partner at Alfvén & Didrikson.
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Addressing teacher shortages
Humly operates as a marketplace for substitute teachers, serving both private and public educational sectors. The platform’s user-friendly and efficient matching system connects teachers and educational institutions seamlessly, facilitating the quick fulfilment of short or long-term staffing needs.
“By 2030, the void of a teacher may haunt as many as 69 million classrooms and nurseries. Yet, a single push of a button on our platform can pave the way for educators to find and seize jobs that echo their calling. This investment is the fuel propelling us on this ambitious journey,” says Bild-Tofftin.
According to Humly’s website, the company’s focus will be on expanding further within the UK market through mergers and acquisitions, enhancing network effects, and fortifying the marketplace. Continuous innovation and an enhanced user experience will remain central to its strategy.
“The opportunities are huge, and Alfvén & Didrikson’s experience from scaling growth companies internationally with existing investor Viking Ventures’ long software expertise is a good match with the Company’s needs going forward,” says Åhr.
Commitment to educational transformation
Alfvén & Didrikson is an active and long-term backer of passionate entrepreneurs and teams aiming for international expansion in the long run. Since 2010, it has been investing in fast-growing companies in Northern Europe, such as Trustly, Quinyx, and Mentimeter.
Meanwhile, Viking Venture, the main investor in Humly, specialises in helping B2B software companies grow. The company has a community of over 20 companies that share knowledge, ideas, and experiences.
The investment from Alfvén & Didrikson and Viking Venture underscores their commitment to driving innovation and positive transformation within the educational industry.
“It’s been a great pleasure to work closely with founders Gustav Bild-Tofftin and Kristoffer Persson and the rest of the great Humly team and follow their growth journey so far,” says Eivind Bergsmyr, partner at Viking Venture and chairman of the board of Humly.
“The introduction of A&D as co-investor strengthens the team and proves that Humly is on the right path forward,” adds Bergsmyr.
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