Avantis Education Group anticipates “significant” growth following its expansion into the US market.
- The company provides virtual reality learning solutions in more than 200,000 institutions worldwide.
- Avantis projects over 50% growth in revenue and EBITDA for the coming year.
- Strategic partnerships with major US school districts drive their expansion efforts.
- Investment from UK firm LDC supports their ambitious growth strategy.
Avantis Education Group, based in Quedgeley, Gloucestershire, is projecting substantial growth in 2024, largely attributed to its recent expansion in the United States. The company, known for offering virtual reality (VR) learning solutions, provides headsets, software, and content that are utilised across a significant number of educational institutions globally. Presently, Avantis caters to more than two million students in over 200,000 institutions across 90 countries.
Having entered the United States market in 2007 and establishing its first office in the region in 2021, Avantis now collaborates with around 2,500 schools and over 1,200 school districts. These districts include notable names such as the Los Angeles Unified School District in California, St Vrain Valley Schools in Colorado, and Montgomery Public Schools in Alabama, which help the company scale rapidly.
The firm’s commitment to aligning its educational content with the US curriculum is evidenced by the adaptation of over 400 lessons to meet US State Standards in subjects like science, social studies, and English Language Arts for the 2023-24 academic year. This strategic move is aimed at securing further district-wide agreements, enhancing Avantis’s presence in the American educational landscape.
Avantis’s investment in innovative educational experiences does not stop in the US. The company is seeking to expand its influence in the EMEA and Asia regions, while continuing to fuel growth through content development and software subscription models. Presently, 10,000 schools are subscribed to its Software as a Service (SaaS) licences, indicating a robust and expanding user base.
CEO Huw Williams highlights the potential for growth, particularly noting the opportunities presented by US school districts which allow the company to scale swiftly. Furthermore, Avantis’s trajectory of growth has been bolstered by an investment from the UK private equity firm LDC, which occurred in August 2022. Aziz Ul-Haq, a partner at LDC, praised Avantis’s standing as a leader in VR and AR education technology, underscoring the firm’s reputation and its future growth potential.
Avantis Education Group’s ongoing US expansion, along with strategic investments, is poised to drive significant growth and market penetration.
