London-based edtech firm Gizmo, which builds an AI platform that turns study materials into personalised flashcards and quizzes, has raised a $22 million Series A round led by Shine Capital, with participation from Ada Ventures, Seek Investments, GSV, and NFX.
- Founded in 2021 by Petros Christodoulou, Robin Jack, and Paul Evangelou, Gizmo develops an AI-powered learning platform that converts notes, PDFs, presentations, and online content into interactive revision tools. The system uses artificial intelligence to generate bite-sized questions and applies techniques such as active recall and spaced repetition to improve retention and exam performance.
- The company says it serves more than 13 million users across over 120 countries, including secondary school students, university learners, and professionals, and incorporates gamified and social features that allow users to track progress and compete with peers.
Details of the deal
- The fresh capital will be used to expand its engineering and AI teams, accelerate product development, and support growth in the US college market.
"We believed in Gizmo's potential early, because it was built on a combination of deep technical expertise, sharp product instinct, and commitment to innovation. Petros, Robin, and Paul are focused on making sure people benefit from AI and achieve their potential, and we're excited to continue supporting them as they expand," claims Pete Flint, General Partner at NFX.
