L Squared Capital Partners has made a USD40 million growth investment in Edlio, a provider of cloud-based software to the K-12 market.
Built on a Software-as-a-Service platform, Edlio’s content management system facilitates connections and interaction among teachers, administrators, parents and students through a variety of different modules.
The investment by L Squared will enable the company to further invest in sales and marketing, international growth and new product development, and support strategic acquisitions across the education technology landscape.
“We had the opportunity to partner with many different groups and chose L Squared because of their passion for education,” says Ali Arsan, CEO of Edlio. “We look forward to leveraging their experience and expertise in the education sector to support the next phase of growth at Edlio. Our partnership will allow Edlio to continue building next-generation technologies that enhance school-to-home communications and parental engagement, and bring data-driven decision-making capabilities to educators globally.”
“We are very excited to have committed USD40 million to this investment platform,” says Rob Healy, managing partner of L Squared. “Edlio fits squarely within L Squared’s core investment philosophy to invest in growth companies with superior customer service, retention and management teams. These factors, along with the escalating need for technology solutions to enhance the communication between K-12 administrators, teachers and parents, make us enthusiastic about the future of the company.”
“We have been extremely impressed by Edlio’s track record of growth and commitment to excellence and customer success. We are thrilled to provide capital, experience and expertise to support management’s organic growth initiatives and acquire complementary technology products that augment Edlio’s core offering,” says Jeff Farrero, managing partner of L Squared.
