RTL Ventures ups stake in kids learning outfit Squla

Broadcaster RTL Nederland’s investment arm RTL Ventures is upping its internet children’s learning technology company Squla by 17% to 37.3%. 

E-learning specialist Squla has increased its subscriber base from 33,000 in April 2013 to 82,000 today. The service is used by over 4,000 schools in the Netherlands and RTL Ventures says that international markets are also sh0owing interest in its platform, which launched in Poland and the US earlier this year.

“Squla has shown impressive growth, driven by product optimisation, strong marketing and the efforts of an exceptional management team. Our initial investment demonstrated our belief in this innovative concept and we see great potential for further growth, both in the Netherlands and beyond. We look forward to creating greater value in partnership with the Squla team, as well as with current and future shareholders,” said Nicolas Eglau, managing director of RTL Ventures.

“The digital revolution is now entering more traditional markets such as education. As a result of technological developments, e-learning is becoming more attractive and online education is becoming more interactive and personal. Squla was a first-mover in this growing market and has become an authority in the field of e-learning for children.”