Area9 Lyceum in a $22.5 million investment round backed by Lego Ventures and

Area 9 Lyceum, a Copenhagen, Denmark-based developer of adaptive learning platforms, announced the completion of a DKK 140M ($22.5M) capital investment round.

The money was raised from investors led by Lego Ventures and included contributions from Vækstfonden, already a major shareholder in the company, as well as from the European Investment Bank and several family offices and private investors whose name was not disclosed.

Jamie Beaumont of Lego Ventures joins the Area9 Board of Directors, while Bo Stjerne Thomsen, Chair of Learning Through Play and Vice Chair of the LEGO Foundation, will become a member of Area9's Advisory Board, joining Advisory Board members such as author and researcher Angela Duckworth; Bror Saxberg, Head of Learning Science at the Chan-Zuckerberg Initiative; and Tony Wagner, author of the bestsellers Creating Innovators, The Achievement Gap, and Most Likely to Succeed.

Area9 Lyceum is part of Area 9 Group, which develops personalized, adaptive online learning modules for schoolchildren, students, and professionals to be trained. Area 9 was founded in 2006 by its CEO Ulrik Juul Christensen and sold to the American publisher McGraw-Hill Education in 2014.

The company previously raised $30M in 2018.