November 16, 2019 AT 9:45 am
We are a backer of this Kickstarter, and resell the pi-top Laptop, so this story was of interest … More layoffs at pivoting London ed tech startup pi-top by TechCrunch.
“We have made changes within the company that reflect our business focus on the U.S. education market and our increasingly important SaaS learning platform.”
…”earlier this year, pi-top appointed a new executive chairman of its board who has a strong U.S. focus: Stanley Buchesky served in the Trump administration as an interim CFO for the U.S. Department of Education under Secretary of Education Betsy DeVos.”
“Last month pi-top announced it had taken in $4 million in additional investment to fund the planned pivot to SaaS — and “bridge towards profitability,” as it put it today.”
Total funding amount according to Crunchbase is: $24.6M. In September 2019, $4m.
“The plan now is for pi-top to monetize that software platform by charging subscription fees for elements of the service — with the ultimate goal of SaaS revenues making up the bulk of its business as hardware sales are de-emphasized. (Hardware is hard; and pi-top’s current STEM learning flagship has faced some challenges with reliability, as we reported in August.) We understand that the strategic change to Furthe
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