Third Space Learning announces a £4.3m Series A+ and secures a global partnership
Third Space Learning, an EdTech company from UCL, has secured a £4.3m Series A extension funding round to support expansion to the secondary and international markets.
To date the company has raised a total of £12.2m from Ananda Impact Ventures, Downing Ventures, Nesta and us at the UCL Technology Fund.
Founded by Tom Hooper in 2013, Third Space Learning is developing a model that recruits tutors in emerging markets such as India and Sri Lanka, to provide scalable, high-quality and low-cost online tuition.
Today they are pleased to announce a partnership with China’s NetDragon to bring online maths teaching to even more students across the world!
Tom Hooper, CEO Third Space Learning, says:
Over the last few years we’ve worked hard to establish our model, both commercially and academically, in the UK. Domestically, our education system faces a huge challenge in helping pupils to catch-up, even as the impact of Covid continues. In particular we need to ensure the attainment gap does not further expand. We are confident that Third Space Learning can play an important part in this. Internationally, our goal has always been to scale our global tutor model beyond the UK, and now is the time. The partnership with NetDragon and Edmodo will play an important role in this ambition. Their market reach and learner community are an exciting prospect for us, whilst a shared purpose across our teams has helped ensure an ambitious plan for this partnership.
More on the story here