Minerva's Virtual Academy secures Phoenix Equity Partners backing
What's the deal? Minerva's Virtual AcademyDealroom has a profile for this one. Try Dealroom →, a UK online school for teenagers, has secured a private placement investment led by Phoenix Equity PartnersDealroom has a profile for this one. Try Dealroom →.
Financial terms were not disclosed. The funding will back the next phase of growth.
Launched in 2021, Minerva delivers British curriculum education through a virtual platform with live teacher-led lessons, weekly one-to-one mentoring, and more than 40 extracurricular clubs.
The school now has more than 1,500 full-time students across 60 countries. With Phoenix's backing, it aims to reach significantly more students worldwide.
Why now? Minerva built its model around student happiness, mental health, and safety — pitching itself as an alternative to traditional schooling.
Its rapid growth has made it ripe for outside capital to fund international expansion.
"Phoenix Equity Partners is the best possible investor we could have hoped for," said founder and chief executive officer Hugh Viney. "They are fully aligned with everything that makes Minerva Virtual Academy special."
The signal: Backing an early-stage company with the breadth of advisers brought to bear here — DeloitteDealroom has a profile for this one. Try Dealroom →, Cairneagle, Coppett Hill, Addleshaw Goddard, EY, Grant Thornton, L.E.K. Consulting, and McDermott Will & Schulte — marks a serious institutional bet by Phoenix Equity Partners on online schooling as a scaleup category. For an investment fund, taking on a four-year-old school spanning 60 countries signals confidence that digital-first, British-curriculum education can travel globally.
Read more: consultancy.uk
Image credit: "Підтримка дистанційної освіти" by EU-Ukraine cooperation is licensed under CC BY-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-sa/2.0/.
