Irish Online Learning Platform Examfly Raises $1.62M in Seed Round

Examfly, a Dublin-based educational technology company that developed a learning platform for the professional services sector, has recently raised $1.62 million (€1.5 million) in a seed round led by various previous entrepreneurs and tech leaders, including Scale Ireland chair Brian Caulfield. The Irish startup intends to use the latest financing to continue developing its platform, refine its generative AI production engine, and expand internationally. It also plans to increase its workforce by five by the end of the year.

Founded in 2020 by Deirdre Lyons, a chartered tax advisor and former wealth management executive at Davy, Examfly builds interactive learning technologies for anyone preparing for professional exams in finance, accounting or taxation, and continuous training and development of employees within firms. The Examfly model recognizes the challenges the busy 21st-century student faces and helps work around them. Working with subject matter experts, software developers, animators, and game designers, the platform delivers a learning experience optimized for skill acquisition and reinforcement.

Speaking about the company, Founder & CEO of Examfly, Deirdre Lyons, said:

Examfly is transforming the learning model for students taking professional exams and those undertaking training in finance, with highly positive feedback and encouraging statistics on pass rate improvements.

Its clientele now includes well-known industry brands such as Deloitte, EY Grant Thornton, and Vialto Partners. Most recently, it signed a two-year deal with PwC in the UK. Trusted by Big 4 corporations and significant educational institutions, the company has also received positive feedback from students, who believe it makes studying faster and more enjoyable.

Lyons added:

2023 was a challenging year for business and the startup 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.

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