Fairfax Media makes strategic investment in Skoolbo

17 December 2014

Fairfax Media Limited [ASX:FXJ] Digital Ventures division has acquired a minority stake in Skoolbo.

Founded in 2011, Skoolbo is a leader in game-based learning for children and is focused on the core skills of literacy and numeracy, as well as health and fitness.  Skoolbo’s multimedia platform brings together web, mobile, TV and social media. Skoolbo is founded by Shane Hill, who was previously the founding CEO of 3P Learning (Mathletics).

Skoolbo works in partnership with teachers to maximise children’s learning outcomes. Skoolbo’s game-based learning complements the in-class instruction provided by teachers, and provides teachers with learning tools that adjust to meet the needs of their individual students. Skoolbo’s platform launched in early 2014 and more than 50% of all Australian and New Zealand primary schools are now registered on the platform. Skoolbo’s presence in schools in the United Kingdom and United States of America is also rapidly expanding.

Guy Reypert, Group Director Fairfax Digital Ventures, said: “This investment gives Fairfax exposure to the fast-growing online education sector, which allows high-quality learning resources to be delivered at scale and low cost.  We look forward to working with Shane, a proven entrepreneur in online education, to accelerate the growth of Skoolbo and we see numerous ways that our businesses can work together as partners.”

Skoolbo’s founder and Chief Executive Officer, Shane Hill, said: “Skoolbo represents long-term value to teachers and students. We provide a fun, interactive and highly-engaging digital learning experience – the perfect environment for children to feel motivated to learn and improve their skills. We are delighted to partner with Fairfax Media, and see strong alignment in both our strategic interests and values.”