Examfly Secures €1.5m in Seed Funding

8th February 2024

Posted In: Newsflash

Examfly, the learning platform for the global professional services industry, has raised over €1.5 million in its latest funding round as the company secures contracts in the UK. The company previously raised over €600,000 in its pre-seed round in 2020 from various angel investors with the support of Enterprise Ireland, under their High Potential Start-up Programme.

The company currently employs five people with plans to double the headcount this year. Headquartered in Dublin, Examfly was founded in 2020 by Founder and CEO, Dee Lyons (pictured), a chartered tax advisor and former wealth management executive at Davy. The company’s CTO is Jamie Good, former lead technical architect at Hostelworld and web development lead for EGaming at Paddy Power.

Commenting on the latest funding, Dee Lyons says: “Examfly is transforming the learning model for students taking professional exams and those undertaking training in finance, with extremely positive feedback and encouraging statistics on pass rate improvements.

“2023 was a challenging year for business and the start-up community and we’re very pleased with the success of this funding round. This latest investment reflects the strong confidence our investors have in our product. They see our success and share our ambition.”

The company combines interactive technologies with proven techniques from education psychology to create a faster, more enjoyable and more effective learning experience. It has developed a learning platform for professionals and students preparing for the financial, accounting and taxation professional exams and for continuous development and training within businesses.

The platform is currently being used by some of the world’s largest professional services firms including PwC, Deloitte, EY, Grant Thornton, BDO, PKF and Vialto Partners as part of their education, training and development programmes. In its most recent client win, the company secured a two-year deal with PwC in the UK.

The latest funding round has seen notable investors come on board including Brian Caufiled, and several exited founders and high level tech executives. It plans to use the latest investment to further develop the platform, refine its generative AI production engine and continue its international expansion.

“We have a strong and talented team with plans to add more people this year,” said Dee. “Working together, we look forward to developing the platform and service offering and growing our customer base in the UK and beyond,” she concluded.

Examfly’s Dee Lyons is a great role model and won the WMB Female Newcomer Award in 2022 – the team at WMB wish her continued success.