#Courseloop (~A$31m val)PVL Investment Details:Powerhouse...

#Courseloop (~A$31m val)

PVL Investment Details:

• Powerhouse Ventures invested $435,000 AUD into Courseloop in Dec 2021.
• Thus, PVL has a circa 1.4% ownership stake (~A$31m last recorded valuation).
• This investment was a strategic potential upcoming IPO play, co-ordinated/encouraged by Capital H, reflecting the new Kruger et. al. strategy of PVC in investing in late-stage VC companies to secure quick wins (NTA uplifts) and quick liquidity events.

Current Progress:
CourseLoop is an end-to-end curriculum management system with superior ease of integration and user experience. The software is built by higher education experts with hands-on university experience to create better solutions for today’s students, administrators, and academics. 500,000+ students are studying curriculum managed on the CourseLoop Platform including at Monash Uni, La Trobe, Macquarie Uni, QUT, UCLA and Nottingham Trent. Courseloop's revenue continues to grow and management will want to ensure their growth rate remains high, such that they can secure a strong valuation (>$100m AUD) at a potential upcoming IPO.

Next Steps/Future:
Courseloop is one of the most mature VC companies owned in the PVL portfolio and is approaching an IPO, which was initially scheduled for 2022, prior to the market conditions dictating otherwise. Although the IPO has been postponed, it is possible it may happen this year instead (2023). Alternatively, another form of liquidity event could be an acquisition, with a few acquisitions recently occurring in the EdTech space.