Gojimo, an app that helps U.K. high school students prepare for exams, has been acquired by Telegraph Media Group, the publisher of The Daily Telegraph and The Sunday Telegraph newspapers. Terms of the deal remain undisclosed, but from what I gather the Gojimo team are staying on and the company will still be run as a separate entity.
The startup’s shareholders included London VC firm Index Ventures, and JamJar Investments, the venture fund set up by the founders of Innocent Drinks, who both invested in Gojimo’s seed round. In a later round, father and son duo Robin and Saul Klein, Deborah Quazzo of GSV Advisors, seed-stage investment platform Firestartr, and the London Mayor’s London Co-Investment Fund also backed the company. Additional money also came via equity crowd funding platform CrowdBnk. Gojimo was thought to have raised around $3 million in total.