Tuesday 24th May 2022 – Studio, a training program designed to adapt students to distance learning during a pandemic, has received an investment of $ 1.2 million on both sides of the Atlantic. The company has received capital from investors, including a British startup investor Jenson Funding Partners and the American venture firm Sequoia.
Traditional tutoring is a disadvantage in terms of accessibility, both in terms of high price barriers and the physical location of private learning. This makes additional research inaccessible to low-income households.
Using students’ familiarity with distance learning, Studeo recreates the learning experience in an accessible digital format, accessible at any time. Users can choose a tutor based on their credentials that are given on the platform.
And although some studies note a break with home students, p only 34% of UK students say they are motivated to study remotely, Studeo has taken this into account in its proposal. To improve student interaction, the platform summarized the subjects into short videos (up to five minutes long). Each lesson also includes exercises in video and questions.
The company is currently focusing on math, but plans to use the investment to expand science, including physics, biology, chemistry and computer science. Studeo intends to go beyond its current markets in the UK and France as the product evolves to meet the needs of its growing user base, and targets emerging markets.
Nicholas Lewandowski, founder and CEO of Studeo, says: “There is a serious gap in the quality of education available to students. Tutoring costs between £ 50 and £ 150 per lesson, so the vast majority of the population simply cannot afford tutoring in the traditional format. That’s why we created an inaccessible model with a digital design. With the full support of Jenson, and now joining the Sequoia accelerator, we look forward to the way forward. ”
Jeffrey Faustin, CIO and partner at Jenson Funding Partners, adds: “We have seen an incredible amount of innovation in the direct response to the pandemic, especially when it comes to education. We are proud to support Nicholas, Antonina and the Studeo team as they strive to democratize learning and have a positive impact on society. ”
About Jenson Funding Partners LLP
Jenson Funding Partners is an affordable investment firm for startups that specializes in working with founders in the early stages of their growth – from pre-launch to Serie A. Its diverse and experienced team understands what business needs at every stage, and combines rapidly deployed capital with hands. to support the successful scaling of companies in their portfolios and profits for investors. Jenson Funding Partners has launched five SEIS funds and four EIS funds.
We are now receiving our 13th tranche and have invested over £ 18.5 million in over 110 business ventures in the UK that typically run their products or services and are usually close to or after profits. In addition, we supported the next 25 rounds of funding, all in addition to the initial start-up cost based on external estimates. Jenson Funding Partners LLP is the Managing Director of Jenson SEIS and EIS Funds and is authorized by the UK Financial Conduct Authority (“FCA”) and its FCA registration number is 820516.
Barriers to accessing education are the highest ever. The shortage of teachers, especially in mathematics and science, worries schools around the world, and tight government budgets make it harder to compete for talent. While families with sufficient funds can choose private schools, move to areas with the best public schools or pay for expensive elite tutoring, 99% of the population simply cannot afford it. Combining the best faculty and proven teaching methods in a digital platform, Studeo co-founders Nicholas Lewandowski and Antonin De Laver and their team enable more students to learn in the best.