The pre-seed round was backed by Jenson Funding Partners and Sequoia to fund international expansion and new subject development.
"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."
Nova Growth Capital backed the all-female founding team to support platform development and marketing.
"We’re delighted to have received investment from Nova and are keen to get started building our platform and promoting the fantastic authors we have waiting in the wings. I’ve worked in this sector for many years and one of the biggest problems is quality of content and fairness of pay for authors. Our platform promises to solve these issues by editing content before publication and paying authors fairly for their work."
The fintech start-up has secured backing for its digital boat finance platform ahead of an autumn product launch.
"Currently boat finance is somewhat broken with relatively few funders to choose from and limited options that encourage clients to actively proceed. Add to this the painfully slow decision times and overall difficulty tracking applications, it is clear the entire process has become both time-consuming and frustrating. At SALT we offer an exclusive one stop boat shop with seamless engagement throughout the purchase journey, plus the provision of full support for insurance, warranty, moorings or service contracts whilst delivering unrivalled convenience for sailors."
