Tutoring app Studeo has received £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: “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.”
Jenson Funding Partners specialises in working with founders throughout their early-stage growth – from pre-seed to Series A.
CIO Jeffrey Faustin said: “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.”