Cypher raises £422k in a seed round on Seedrs to scale its online coding education platform.
The seed round was secured from 313 investors via Seedrs and values the edtech startup at £5.9m.
Cypher provides creatively themed coding courses for children aged six to twelve. The business pivoted to an online model during the pandemic and now serves pupils across multiple countries.
Cypher has closed a £422k seed funding round via the Seedrs crowdfunding platform, drawing backing from 313 investors and valuing the company at £5.9m. The capital follows a successful pandemic pivot to online delivery that expanded the company reach internationally.
The proceeds will be directed toward platform development, key hires, and expanding the startup footprint across the UK, the US, and wider global markets alongside the launch of a new US subscription service.
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
