Teacher Booker has announced a new fundraise for its workforce management platform for schools, teachers & support staff, Multi-Academy Trusts (MATs), and Local Authorities (LAs) through private equity firm Growthdeck.
The London-based company plans to use the fresh proceeds to further develop its platform and grow its Software-as-a-Service sales.
Founded by Vamsi Vadde in 2017, Teacher Booker helps schools, multi-academy trusts, and local authorities fix teacher supply challenges through its wide range of technology and talent pool and supply cover recruitment services. It provides a cost-effective solution for schools, MATs, and LAs, giving them the flexibility to control their provision, save money, and ensure a fair income and flexible working options for staff, regardless of the role or requirement.
Teacher Booker connects schools directly with supply teachers, cutting out supply agencies and saving schools up to 90% on agency fees. Schools can also hire teachers permanently without paying the supply agencies 15%-20% of the teacher’s first-year salary.
Ian Zant-Boer, CEO at Growthdeck, said,
Over the past year, Teacher Booker has gone from strength to strength, doubling its revenues. As schools have increased their spending on supply teachers again post-pandemic, the opportunity to make considerable savings on agency staff will have become even more appealing. Teacher Booker delivers real value for money and a greater choice of teachers for schools. It also offers a terrific opportunity for teachers, who can access the platform free of charge and use it to help find the role that best suits them.
Teacher Booker’s range of resources includes Teacher Booker Cover, Talent Pools, and Teacher Booker Recruit. Teacher Booker Cover allows schools, MATs, and LAs instant access to hundreds of fully-vetted, local supply teachers and support staff. Talent Pools provides them on-call pool for their part-time staff, former staff, known supply staff, trainees, and other support members. The Teacher Booker Recruit gives unlimited access to its pool of teachers and support staff looking for permanent and fixed-term contracts.
According to reports, Teacher Booker has doubled its revenue in the past year, won new contracts with eight local education authorities, and has been awarded positions on five key purchasing platforms, including the Government’s Crown Commercial Service and Crescent Purchasing Consortium, a major not-for-profit education purchasing group.
The company last raised $795,470 in a seed round from Growthdeck in April 2020, according to Crunchbase.