Tutoring app Studeo has received 拢1 million investment from both sides of the Atlantic.
The company secured the capital from investors including UK startup investor Jenson Funding Partners and US VC firm Sequoia.
Studeo is the affordable version of tutoring and takes advantage of the growth in remote learning with users able to choose a tutor based on their credentials.
To increase engagement among students, the platform has summarised subjects into short videos of up to five minutes in duration. Each lesson also comes with in-video exercises and questioning included.
The company was founded by Nicolas Levandowsky and Antonin De Laever and currently focuses on maths but plans to expand into sciences.
Studeo intends to go beyond its current UK and France markets as the product develops to meet the needs of its growing user base, and has set its sights on emerging markets.
Levandowsky, co-founder and CEO, said: 鈥淭here鈥檚 a serious gap in the quality of education that is available to students. Tutoring costs between 拢50 and 拢150 per session, so a huge portion of the population simply can鈥檛 afford tutors in the traditional format. This is why we鈥檝e created an affordable model with a digital design. Having the full support of Jenson, and now joining the Sequoia accelerator, we鈥檙e excited about the road ahead.鈥�
Jenson Funding Partners specialises in working with founders throughout their early-stage growth – from pre-seed to Series A.
CIO Jeffrey Faustin said: 鈥淲e鈥檝e seen an incredible amount of innovation take place in direct response to the pandemic, especially where education is concerned. We鈥檙e proud to get behind Nicolas, Antonin and the Studeo team as they set out to democratise tutoring and make a positive societal impact.鈥�