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."
Jenson Funding Partners led the pre-seed round, which will fund product development and augmented reality expansion.
"Technology advancements have made it possible to create a website or a mobile app in minutes but there were no solutions that allowed brands to deliver data-driven user engagement with automation."
Jenson Funding Partners backed the mixed-reality education startup to support team expansion and product development.
"Even before the pandemic, we recognised a market gap between video conferencing tools and VR headsets, where there could have been a suitable remote learning option to teach practical subjects. Lockdown really focused us on the issue and forced us to develop a solution."
The Leeds-based healthtech company plans to use the capital to introduce new features and expand its loyalty scheme partnerships.
"Chronic diseases like cancer, diabetes, and obesity creep up on you and take advantage of the fact that making even minor beneficial lifestyle changes for the long-term is really difficult. This is where Caterpillar can help. We keep our users engaged in positive change through great content and rewards."
The seed round was backed by Jenson Funding Partners to support product development and team growth.
"Creativity is a critical commercial skill for organisations to foster in order to outperform in terms of growth, revenue and market share, and importantly employee wellbeing as well as productivity. There is therefore a huge amount of value to be derived by enhancing creative mental states through our innovative approach of ‘Neurodesign’ – designing ethical digital products for enhancing the human mind to thrive. It is our belief that a key component of the Future of Work will be the use of AI and neuroscience to augment the creative process and help employees achieve the “Flow” state. Not only will this improve productivity and outputs for organisations but it will also have a profound impact on employee engagement. We are delighted to have received the backing of Jenson as part of our Seed round, and are looking forward to attracting more investment to expand our vision in the Future of Work of helping professionals to develop their peak performance, augment their creative-thinking and mindset, and enhance their cognitive health towards a sustainable productive workflow."
