KPN funds Perlego and RangeForce to expand customer offering

KPN funds Perlego and RangeForce to expand customer offering

(IN BRIEF) KPN has invested in two promising companies, Perlego and RangeForce, through its investment fund, which offer educational content subscription services and cybersecurity scenario training, respectively. Perlego is the world’s largest online subscription service for educational content, offering access to over 1,000,000 textbooks, while RangeForce provides a development platform that focuses on enhancing cyber skills for individuals and teams. These companies are expected to be an important addition to KPN’s customer offering.

(PRESS RELEASE) ROTTERDAM, 24-Apr-2023 — /EuropaWire/ — Koninklijke KPN N.V. (AMS: KPN), a Dutch landline and mobile telecommunications company, announces that it has invested in two promising companies through its investment fund, namely Perlego and RangeForce, which offer educational content subscription services (edutainment) and cybersecurity scenario training, respectively. These companies can significantly contribute to KPN’s customer offering.

“KPN’s investment fund invests in promising startups and scaleups with strategic relevance for KPN. Supporting the growth of the companies concerned but also increasing KPN’s innovative strength, says Hans Söhngen, Managing Director KPN Ventures. “We help accelerate the development of innovative products and applications of startups. This way we can enable KPN customers and society to benefit even faster from useful innovations and smart product solutions.”

Perlego is committed to making education available to everyone and has earned the title of the Spotify for academic material with its ‘all-you-can-read’ model. The platform is the world’s largest online subscription service for educational content, offering access to over 1,000,000 textbooks from multiple publishers. Perlego’s subscription model targets students – directly (B2C) or indirectly through universities and higher education institutions (B2B2C). Perlego is a promising addition to KPN’s growing partner portfolio in the Consumer Market, which includes Netflix, Spotify, and Disney+.

RangeForce provides a development platform that focuses on enhancing cyber skills for individuals and teams. It is a unique combination that enables companies to evaluate their security teams and offer tailored learning paths and team exercises to enhance highly demanded cybersecurity talent. The platform’s modules and exercises are regularly updated to cover a broad range of relevant topics and tools. RangeForce can be a valuable tool for both KPN employees and KPN’s larger business customers.

About KPN Ventures
KPN Ventures has been active since 2015 and has since invested in 25 innovative technology companies and realized 11 investments in other funds that mainly focus on emerging European technology startups and scaleups. KPN Ventures succeeds in building long-term partnerships that benefit KPN and have also accelerated the innovation and growth of the portfolio companies.

Media contact:

Stijn Wesselink
Spokesperson
stijn.wesselink@kpn.com
+31625074971
+31 70 4466300

SOURCE: KPN