08 February 19
"Learn Primary could seek to raise capital in 4Q19 to enter New Zealand, Canada - CEO
Learn Primary, a private Australian learning software developer, could look to raise AUD 2m-AUD 3m (USD 1.4m-USD 2m) in 4Q19 to support its planned expansion into New Zealand and Canada in late 2019 or early 2020, said co-founder and CEO Manish Goklaney.
Learn Primary could attract investor interest from countries that have curricula similar to Australia, such as New Zealand, Canada, the UK and South Africa, Goklaney said, noting that the global opportunity for the company comprises 20m primary school children in these countries. There is also significant interest from Asian countries such as Singapore and China, which seek western content for Math and English subjects, he added.
The Sydney-based firm has been independently valued at AUD 6m using the discounted cash flow (DCF) model and compared with listed peers, such as AUD 157m-market cap 3P Learning [ASX:3PL], Goklaney said."
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