Studeo, an online tutoring platform developed in line with students adapting to remote learning during the pandemic, has received $1.2m 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.
With the investment, the company plans to support expansion into sciences, with physics, biology, chemistry and computer science all in the pipeline. It also 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.
Founded by Nicolas Levandowsky, Studeo recreates the tutoring experience in an affordable, digital format that’s accessible at any time. Users can choose a tutor based on their credentials, which are given within the platform. The company’s mission is to democratise elite learning, and to maximise personal achievement by providing a range of tools and thinking that help students to develop skills that will open the doors to a top university.
Commenting on the investment, Founder and CEO of Studeo, Nicolas Levandowsky, said:
“There’s a serious gap in the quality of education that is available to students. Tutoring costs between £50 and £150 per session, so a huge portion of the population simply can’t afford tutors in the traditional format. This is why we’ve created an affordable model with a digital design. Having the full support of Jenson, and now joining the Sequoia accelerator, we’re excited about the road ahead.”
To improve engagement among students, Studeo has summarised subjects into short videos (up to five minutes long). Each lesson also comes with in-video exercises and questioning included. It allows students to optimize the learning of the course with spaced repetition thanks to its effective flashcards with formulas and theorems.
Jeffrey Faustin, CIO and partner, Jenson Funding Partners, added:
“We’ve seen an incredible amount of innovation take place in direct response to the pandemic, especially where education is concerned. We’re proud to get behind Nicolas, Antonin and the Studeo team as they set out to democratise tutoring and make a positive societal impact.”