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Lexplore

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AI-powered eye-tracking for rapid reading assessments

Stockholm, SwedenFounded 2015Edtech
Valuation $0–100M Latest valuation · 2021
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Lexplore and the history behind them.

About Lexplore

Lexplore provides a reading development service for schools centered on its AI-powered assessment that utilizes eye-tracking technology to identify potential reading difficulties, including dyslexia. The company's origins trace back to a research project started in 2007 at the Karolinska Institute in Stockholm, building on over 30 years of scientific research. It was officially founded in 2015 by computational linguists Gustaf Öqvist Seimyr and Mattias Nilsson Benfatto. Their work involved applying modern machine learning to eye-movement data from a 1980s study, creating algorithms that can analyze how a student's eyes process text with 95% accuracy.

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The core product is a quick assessment where a student reads from a screen while a camera tracks their eye movements, measuring fixations and patterns. This data is analyzed in the cloud, providing teachers with objective results in minutes, including reading level and age. This method replaces more subjective and time-consuming traditional assessments. Beyond diagnostics, Lexplore operates on a subscription-based business model, offering a complete support system to schools and districts. This includes intervention packages, personalized exercises, a digital library with leveled books, and fluency practice tailored to each student's assessment results. Data is available at individual, class, school, and district levels to monitor progress.

Following its launch in Sweden in 2015, Lexplore expanded into the US in 2017 and the UK in 2018. The company has received numerous accolades, including being a BETT Awards finalist, winning the Best Intelligent Cloud Solution by Microsoft, and being ranked among Europe's top 50 most innovative companies. As of April 2023, Anna Kraft serves as the CEO. In 2021, Lexplore acquired the Norwegian e-book service Lesemester to expand its digital reading offerings.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Stockholm, Sweden
Sector
Edtech

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Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Gabriel Urwitz
  • Pomona Group
  • Sparkmind.vc
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇸🇪 Sweden66.7%
🇫🇮 Finland33.3%
2 countries shown

Market sentiment

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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