48 Academia

Doug Woodburn
clock • 1 min read

Revenue: £85.2m (+17%)

Net profit: 1.5%     Headcount: 129

Having acquired Academia in September 2020 through his Strive Capital vehicle, industry big hitter Andrew Harman is aiming to build a £300m-revenue channel powerhouse over the next four years via organic and acquisitive growth. Edtech specialist Academia doubled net profit to £1.3m on revenues that rose 17 per cent to £85.2m in its year to 31 May 2021, according to draft accounts it shared with us. It recently renewed its berth on the Apple HE framework.

Covid impact

Covid has had "no impact" on Strive Capital's expansion plans for Academia, Harman told CRN, with growth forecast to only accelerate in fiscal 2022 and 2023.

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