MyEdSpace, a London-founded edtech platform that hosts reside classes and lectures, has raised $15m (£11.15m) in a Collection A funding spherical.
Based in 2022, MyEdSpace is a digital education platform that claims to supply lecturers from the highest 1% educators within the UK.
The digitally hosted tutoring classes have been utilized by greater than 16,000 college students to this point this 12 months in response to inner metrics.
“We got down to mix one of the best lecturers, main expertise, and the ability of social media to construct a platform that delivers the schooling that younger individuals need and deserve. Our mannequin makes studying reasonably priced and ends the postcode lottery of feat,” stated MyEdSpace co-founder Sean Hirons.
“It brings us one step nearer to having the ability to present free entry for each UK little one on free faculty meals, which we set as a long-term firm purpose.”
The funding will assist the corporate’s expansions into the US.
“With this funding and the assist of our buyers, we will take the subsequent step in making world-class schooling accessible to each little one within the UK, and now within the US,” Hirons stated.
The funding spherical was led by White Star Capital and included participation from Educapital, Emerge, Lively Companions and Coalition Capital.
“The schooling system is struggling – there aren’t sufficient lecturers, and the attainment hole between these with entry to personal tuition or education and people with out continues to widen,” stated White Star Capital basic associate Nicholas Shares.
“MyEdSpace is remodeling the best way younger individuals study by combining excellent lecturers with scalable expertise. They’re serving to to bridge the divide and widen entry to world-class schooling, and we’re proud to again the group as they develop throughout the UK and into the US.”