Award-winning Bridgend educational resources company expands with a £150,000 loan from Finance Wales
Nineteen years ago Chris Malcolm set up his educational
resources company and started designing and selling a small range
of maths wall charts.
Today, Daydream Education (Daydream) has a range of over 2,000
innovative and engaging products developed with experienced
teachers, and has shipped over 2 million products worldwide.
Now the UK's leading provider of educational wall charts and
interactive software, Daydream’s wall charts are used by over 95%
of UK secondary schools and in over 50,000 schools and colleges
around the world.
With technology playing an ever-increasing role in education
2013 the company developed its first maths app, Multiplication,
which went on to win the Best Educational App award at the
prestigious Bett Awards in 2014, opening the door to a lucrative
Daydream, which currently employs 16 staff in a range of
technical and other professional roles, is now using a £150,000
loan from Finance Wales to develop more educational apps, move into
key European markets and upgrade its back office systems.
“As the majority of UK primary and secondary schools are now
using tablets, these are exciting times for Daydream
Education. Our maths tutor app is already a popular addition
to our product range and Finance Wales’ loan will enable us to
capitalise on the growing market for educational apps.
“Finance Wales’ backing has given us the confidence to embark on
the next phase of our development. Choosing the right funder was
important and Leanna at Finance Wales took time to understand our
long-term growth plan. We’re looking forward to benefiting
from Finance Wales’ expertise in future and also to getting
involved with the Welsh Government’s Business Wales Accelerated
Growth Programme,” Chris Malcolm, Daydream’s Managing Director
A Welsh language version of Daydream’s Maths Tutor app, Tiwtor
Mathemateg, recently commissioned by the Welsh Government, can be
downloaded free from iTunes and Google Play.
Daydream now plans to produce cost-effective versions of its
award-winning apps in a number of European languages, increasing
its international reach and expanding its direct, Australian and US
reseller sales channels.
Local Investment Executive, Leanna Davies worked closely with
Daydream’s management team to agree Finance Wales’ loan. She
said: “Chris and his team are passionate about education and
they’ve adapted to changing trends both in education and technology
over the years. Daydream Education is an impressive
international business with significant future growth
“Finance Wales’ loan has provided the company with the funding to
develop a new range of products driven by the explosion in the apps
market as well as the ever-increasing use of technology in
With the Best Educational App Award already under its belt,
Daydream is hoping for further success at the Bett Awards in 2016,
having been selected as a finalist in two categories: Primary
Digital Content and ICT Tools for Teaching &