In a development for educational technology in Sweden, Malmö-based StudyBee and Stockholm-based Unikum have announced a merger. This collaboration aims to provide Swedish schools with the most modern and user-friendly tools for learning and data-driven educational development.
By combining forces, the two startups will leverage StudyBee’s expertise in data-driven educational development and Google Classroom integration with Unikum’s extensive experience in the K-19 perspective and partnerships with over 100 municipalities.
StudyBee was founded by Ian Rattigan and has raised approximately SEK 25 million in equity funding, according to data registered with Bolagsverket. The largest outside investor is Djäkne Startup Studio. For 2023, StudyBee reported net revenue of SEK 2.4 million and a loss of SEK -2.1 million, as reported by Swedish Tech News.
Unikum, founded by Jonas Ryberg who remains the majority owner, has notable outside shareholders including JCE and Philian, Karl-Johan Perssons investment company. In 2023, Unikum reported net revenue of SEK 62.6 million and a break-even result.
Strengthening Educational Tools
The merger will see StudyBee continue to operate with full force, both as a tool and as a team, now bolstered by Unikum’s resources and customer support. This deal is set to provide Swedish schools with an unmatched combination of modern and easy-to-use tools for learning and data-driven development, particularly beneficial for those using Google Classroom or Teams.
With over 100 municipalities and independent school chains already using Unikum and StudyBee, the merger represents a significant step forward in making advanced educational tools accessible to even more students and educators. The combined experience of over one million children and students’ learning journeys underscores the potential impact of this collaboration.
