London private equity firm Hypha said it has completed a significant investment in Pass Tech, a Harrogate EdTech company “committed to improving educational outcomes in maths and English through innovative software and high-quality learning resources.”

Hypha has invested alongside Pass Tech founders Oliver Naylor and Lewis Wilding, who established the business in 2016.

“The transaction aligns with Hypha’s belief in the potential of smaller founder-owned companies when combined with a supportive partner and fresh capital,” said the private equity fund.

“Hypha’s investment will support Pass Tech in expanding its platform capabilities, expanding its course and content offering, and continuing to grow both its B2C and B2B arms.

“The company will strengthen its leadership team with new hires, including Terry Sweeney, formerly CEO of RM Plc, as Chair, and an incoming CFO. Matthew Evans-Young and Matt Pomroy, founders of Hypha, will also join the board.”

Oliver Naylor, Co-CEO of Pass Tech, said: “We are thrilled to partner with Hypha. Their investment and expertise will help us scale our technology and reach new markets. Hypha shares our vision for accessible, high-quality education, and their track record of supporting founder-led businesses makes them an ideal partner for our next phase of growth.”

Matthew Evans-Young, co-founder and partner of Hypha, said: “Pass Tech represents exactly the type of innovative, high-growth business we seek to back.

“Throughout the process we were impressed by Oliver and Lewis’s ambition and entrepreneurial mindset, and we are excited to support them to accelerate growth. This investment reflects Hypha’s strategy of partnering with ambitious management teams to unlock transformative potential.”