Zzish, a London-based EdTech startup has closed a £1.5 million funding round to take its product further in international markets. This round was led by Leaf Investments, an EdTech venture fund and Neil Hutchison, angel investor and founder of the Forward Internet Group. The total funds raised by the firm to date amount to £3 million.
The £1.32 million of this round was raised within four days on Crowdcube. Zzish had launched a £1.15 million crowdfunding campaign on Crowdcube last week and achieved its target in less than 24 hours after going live.
Founded by Charles Wiles, a former Google product manager, the company aims to democratize access to advanced learning technologies for teachers, students, and developers. Talking about the funding round, he says,
Our first equity raise on Crowdcube offers investors, teachers, and parents an opportunity to ride this wave and be a part of Zzish’s success. More especially, it will enable anyone to become part of a movement that is set to have a tangible, meaningful social impact on the future of our children and the teaching profession in general.
Zzish offers a real-time agent that takes into consideration the personal learning needs of each student. It can tell the teacher “who needs help”, “what they need help with” and “how you can help them”. In a statement, he says,
Driving engagement and love for core disciplines at an early stage is not only crucial to the mastery of such subjects but is also necessary to producing the next generation of teachers, engineers, mathematicians and scientists that will power the innovation of tomorrow.
Best known for its Teacher Dashboards, the platform also allows for developers to create, distribute, and monetize educational applications. It allows them to develop high-quality applications while saving them 50 to 80 per cent of time and cost.
In nutshell, as the company puts it, they are democratizing access to the advanced learning technologies for app creators and ‘teacherpreneurs’ keen to mobilize technology to improve student engagement and deliver more targeted, personalized, and effective learning. It claims that over 80,000 teachers from about 110 countries are using their platform.