MyEdSpace, a London-founded edtech platform that hosts live lessons and lectures, has raised $15m (£11.15m) in a Series A funding round.
Founded in 2022, MyEdSpace is a digital schooling platform that claims to source teachers from the top 1% educators in the UK.
The digitally hosted tutoring sessions have been used by more than 16,000 students so far this year according to internal metrics.
“We set out to combine the best teachers, leading technology, and the power of social media to build a platform that delivers the education that young people want and deserve. Our model makes learning affordable and ends the postcode lottery of achievement,” said MyEdSpace co-founder Sean Hirons.
“It brings us one step closer to being able to provide free access for every UK child on free school meals, which we set as a long-term company goal.”
The investment will support the company’s expansions into the US.
“With this funding and the support of our investors, we can take the next step in making world-class education available to every child in the UK, and now in the US,” Hirons said.
The investment round was led by White Star Capital and included participation from Educapital, Emerge, Active Partners and Coalition Capital.
“The education system is struggling – there aren’t enough teachers, and the attainment gap between those with access to private tuition or schooling and those without continues to widen,” said White Star Capital general partner Nicholas Stocks.
“MyEdSpace is transforming the way young people learn by combining outstanding teachers with scalable technology. They are helping to bridge the divide and widen access to world-class education, and we are proud to back the team as they expand across the UK and into the US.”
