BibliU sees significant growth in operations given higher demand for its online course content

NEW YORK & LONDON–(BUSINESS WIRE)–Amid a year of economic uncertainty and a downtrend in EdTech stocks, BibliU, the EdTech innovator democratizing content accessibility, announced that 2022 is a landmark year, beginning with a $15 million fundraising Dollars in Series B. It now has 80 employees, which is a 13% year-over-year growth rate. And with its ongoing mission to advance sustainability, BibliU is proud to have been awarded a bronze badge by EcoVadis, the leading provider of corporate sustainability assessments, after confirming its carbon negative status earlier this year.

BibliU is experiencing tremendous growth. Half of UK higher education students now access content through the BibliU platform. In the US, universities and colleges are replacing legacy bookstore models with BibliU’s digital-first content solution. In 2022, BibliU student users read over 9.3 million minutes of content; More than half a million students from 164 BibliU-supported universities and colleges are reading 20,975 different titles.

BibliU makes a significant contribution by significantly reducing the cost of textbooks and course materials, ensuring students have access to the materials they need on the first day of class, increasing student engagement and improving learning outcomes.

“I’m so proud of our achievements this year, especially given the disruption in business and especially in EdTech,” said Dave Sherwood, CEO of BibliU. “Education affordability and equity are pervasive issues and have long been a barrier to social mobility. BibliUs Universal Learning helps universities break down these barriers.”

A 21st century approach to course content delivery

There is an ongoing crisis of declining enrollment in higher education caused by many factors. The rising cost of college textbooks only adds to this problem. Studies have shown that many students skip buying books even though they know it will affect their grades.

BibliU’s universal learning solution helps higher education institutions make education more accessible by giving students, regardless of their ability to pay, access their textbooks on the first day of class at an affordable all-inclusive price. This year, a number of US colleges, including South Piedmont Community College and Victor Valley Community College, migrated their textbook delivery to BibliU to offer these benefits to their students.

BibliU is expanding these offerings to dual-credit students, a group that is increasing enrollment in community colleges. Ysleta Independent School District, named the best school district in El Paso, Texas, reduces print inventory by more than $500,000 and provides first-day access to content for its Early College Academy and dual-credit students. A partnership with Arden University (Coventry, UK) in 2022 will allow academics to select 7,000 books directly relevant to students’ course needs, eliminating irrelevant, outdated course material.

In 2022, BibliU worked with the UK’s Coventry University and research agency Green Shoots to quantify the outcome of digital, interactive content on engagement and academic performance. The case study showed a correlation between the frequency of student use of BibliU and their higher mean module grades: BibliU users improved their mean module grades by 2.4%.

Simplify access and improve processes with product updates

BibliU has simplified its student billing processes and student access to courseware for its Universal Learning facilities, and offers its partners more flexibility in the opt-out process by supporting rolling start dates.

Security is at the core of BibliU’s integration and data transfer solutions. In 2022, it switched its FTP transfer processes to Secure File Transfer Protocol (SFTP). BibliU is currently running LTI 1.3, which allows for more secure data transfer/onboarding for its integrations.

emphasis on employees

BibliU considers the well-being of its employees to be crucial to its success. It offers a generous vacation policy and one spa-free day per month. BibliU allocates a budget for its employees to learn through Learnably and develops its leadership team through training with Korn Ferry.

In November 2022, a retreat in the UK brought the whole company together for the first time since COVID and allowed employees to build cross-departmental connections.

The results of BibliU’s employee survey show a positive work environment with a 100% rating of the company’s flexible working arrangements and employees’ confidence in BibliU’s success in the years to come.

“High growth companies can have growing pains, so as we’ve grown 150% to 200% year over year for four straight years, we’re proud to have gotten the work-life balance right,” said Sherwood. “This has been a landmark year for BibliU – and we are just getting started. We have ambitious goals for the coming years. Our success now and in the future will be a true testament to the talent of our team members and the great culture we’ve built.”

To learn more about BibliU’s recent milestones, visit the year in review here.

About BibliU

EdTech innovator BibliU is defining the future of higher education by democratizing content accessibility. BibliU was designed to meet the unique needs of students, educators, libraries and publishers. It is a learning enablement platform that empowers higher education institutions to streamline their textbook and courseware workflows for better student outcomes, affordability, and social mobility. With BibliU, colleges and universities can finally deliver on the promise of digitization and guarantee that all students have access to the learning content they need from day one. Visit www.bibliu.com for more information.

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