Grasp secures €3.6m in seed funding led by Balderton Capital to develop its learning platform
The seed round was led by Balderton Capital and will fund product development and team expansion.
≈ £3.1M at €1 = £0.8603 on 1 Aug 2023
London based online learning platform designed to help users accelerate their education and expand their skill sets.
London based online learning startup Grasp has secured €3.6m in seed funding to accelerate its platform development and grow its team. The round was led by Balderton Capital.
Founded in 2022 by former Revolut employees Ed Matthews and Jacob Sidorov, the company aims to help adult learners navigate educational resources and master new vocational skills such as programming.
The fresh capital will be directed towards expanding engineering, data science, and product teams as the company prepares its platform for wider rollout.
From the founder
"The user experience as an adult learner sucks! Whether we’re learning to solve specific problems at work or trying to modernise our skill sets, learning is inconvenient, impersonal, and high friction. Team Grasp is the A-players fixing that."
Ed Matthews
Founder and CEO at Grasp
Investor perspective
"We are excited to be working with Ed again on his highly ambitious plan to transform self-learning in a world where skill set requirements are constantly changing and people are hungry to learn and adapt."
Daniel Waterhouse
General Partner, Balderton
Use of funds
- 01Continue product development
- 02Grow the team
