Irish software start-up Examfly has raised over €1.5m in its latest funding round as the company said it had secured a new contract in the UK.
Examfly has developed a learning platform for professionals and students preparing for the financial, accounting and taxation professional exams and for continuous development and training within businesses.
Examfly is currently being used by some of the world’s biggest professional services firms including PwC, Deloitte, EY, Grant Thornton, BDO, PKF and Vialto Partners as part of their education, training and development programmes.
In its most recent client win, the company secured a two-year deal with PWC in the UK.
Headquartered in Dublin, Examfly was founded in 2020 by founder and CEO Dee Lyons, a chartered tax advisor and former wealth management executive at Davy.
The latest funding round has seen notable investors come on board including Brian Caufiled, and several exited founders and high level tech executives.
Examfly previously raised over €600,000 in its pre-seed round in 2020 from various angel investors with the support of Enterprise Ireland, under their High Potential Start-up Programme.
The company said it will use the new funds to further develop the platform, refine its generative AI production engine and continue its international expansion.
Dee Lyons said that Examfly is transforming the learning model for students taking professional exams and those undertaking training in finance, with extremely positive feedback and encouraging statistics on pass rate improvements.
“2023 was a challenging year for business and the start-up community and we’re very pleased with the success of this funding round. This latest investment reflects the strong confidence our investors have in our product. They see our success and share our ambition,” she added.
As published by RTÉ.
