The Studeo tutoring app received an investment of $ 1.2 million from both sides of the Atlantic.
The company secured capital from investors including British startup investor Jenson Funding Partners and US venture capital firm Sequoia.
Studeo is the economical version of tutoring and takes advantage of the growth of distance learning with users able to choose a tutor based on their credentials.
To increase student engagement, the platform summarized the topics in short videos lasting up to five minutes. Each lesson also includes in-video exercises and included questions.
The company was founded by Nicolas Levanowsky and Antonin De Laever and currently focuses on mathematics but plans to expand into the sciences.
Studeo intends to go beyond the current UK and French markets as the product develops to meet the needs of its growing user base and has focused on emerging markets.
Levandowsky, co-founder and CEO, said: “There is a serious gap in the quality of education available to students. Tutoring costs between £ 50 and £ 150 per session, so a huge portion of the population simply cannot afford tutors in the traditional format. This is why we have created an affordable template with a digital design. Having Jenson’s full support and now joining the Sequoia throttle, we are excited about the way to go. “
Jenson Funding Partners specializes in working with the founders during their early stage of growth, from pre-seed to Serie A.
CIO Jeffrey Faustin said, “We have seen an incredible amount of innovation in direct response to the pandemic, especially when it comes to education. We are proud to support Nicolas, Antonin and the Studeo team as they aim to democratize mentoring and have a positive impact on society. “
The mentoring app goes to the top of the class with an investment of $ 1.2 million
Source link The mentoring app goes to the top of the class with an investment of $ 1.2 million