TMT Investments (TMT)

Sector:

Investment Firms

$ 3.81
   
  • Change Today:
    $0.00
  • 52 Week High: $3.9
  • 52 Week Low: $2.3
  • Currency: US Dollars
  • Shares Issued: 31.45m
  • Volume: 2,554
  • Market Cap: $119.83m
  • RiskGrade: 92

TMT invests $2m into education-focussed MEL Science

By Josh White

Date: Tuesday 26 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Technology venture capital company TMT Investments announced an investment of $2m in MEL Science as part of a wider funding round on Tuesday.
The AIM-traded firm said MEL was a London-based education technology company that had developed a platform for next-generation science lessons combining VR/AR interactive visual lessons with hands-on experiments.

Its first product, MEL Chemistry, was described as a business-to-consumer subscription service, which combined physical kits for science experiments with a VR mode-equipped iOS and Android application, and was available in more than 30 countries.

Incorporated in the UK, MEL Science already provided MEL Chemistry to "thousands" of users in the US and Europe in both the B2C and B2B sectors.

The B2C range provided science sets on a subscription model, with an app that allowed the user to experience the science behind the experiments in VR, reportedly increasing learning and motivation in children through an immersive experience whilst allowing parents and children to spend "quality time" together.

MEL said the B2B product for schools comprised education programmes for children by providing fundamental understanding - instead of just memorising - using simulation engine and molecular-level experiments.

The funds raised in the round would be used by MEL Science to expand into new science subjects, and scale up sales in existing and new countries.

EdTechXGlobal and IBIS Capital projected that the global education technology market would grow 17% per annum to $252bn by 2020, with the Asian market being a key driver of that growth.

TMT noted that as access to the internet in China continued to expand, with over 55% of the country's population now online, IBIS Capital also projected that after-school tutoring in China would grow from $50bn to $90bn by 2020.

"This is TMT's first investment into a UK company," said TMT Investments executive director Alexander Selegenev.

"The UK education technology sector has a global reputation for innovation and providing high quality learning solutions, and we are delighted to back London-based MEL Science as it continues to scale up its product range globally.

"We have substantial experience in investing in subscription-based companies and are very pleased to have identified this investment opportunity, which combines this model with some of the best EdTech innovations on the market."

Selegenev added that the education technology market was growing strongly worldwide.

"As the computerisation of schools continues to progress rapidly, there is an increasing demand for high quality educational content.

"We believe that MEL Science is able to take advantage of this growth and has validated its business model by already selling to over 30 countries including the fast-growing Asian markets."

Vassili Philippov, chief executive officer of MEL Science, claimed the best way to learn science was to combine theory with a hands-on approach.

"Real learning is understanding fundamental processes, rather than cramming yourself with isolated pieces of knowledge.

"Our immersive VR and AR products are designed to do exactly that."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TMT Investments Market Data

Currency US Dollars
Share Price $ 3.81
Change Today $ 0.00
% Change 0.00 %
52 Week High $3.9
52 Week Low $2.3
Volume 2,554
Shares Issued 31.45m
Market Cap $119.83m
RiskGrade 92

TMT Investments Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.97% above the market average3.97% above the market average3.97% above the market average3.97% above the market average3.97% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
64.80% above the market average64.80% above the market average64.80% above the market average64.80% above the market average64.80% above the market average
62.76% above the sector average62.76% above the sector average62.76% above the sector average62.76% above the sector average62.76% above the sector average
Income Not Available
Growth
33.1% below the market average33.1% below the market average33.1% below the market average33.1% below the market average33.1% below the market average
25.66% below the sector average25.66% below the sector average25.66% below the sector average25.66% below the sector average25.66% below the sector average

TMT Investments Dividends

  Latest Previous
  Special Special
Ex-Div 18-Jul-19 03-Nov-16
Paid 31-Jul-19 18-Nov-16
Amount 20.00¢ 10.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
11:55 258 @ $3.87
11:39 500 @ $3.73
11:39 500 @ $3.72
10:24 500 @ $3.87
10:01 10 @ $3.87

TMT Investments Key Personnel

Chair Yuri Mostovoy

Top of Page