Mathematics learning platform Knowledgehook has raised £13.5 million in Series A equity funding, led by a UK-based ed tech investment fund, with participation from Mesoamerica’s Alexandria Corp, Nelson Education, Ideal Ventures, and Nicoya Ventures.
This latest round of financing follows a 2016 seed round that included John Abele’s North Point Ventures.
Kitchener, Ontario-based Knowledgehook says it technology is used by more than 100,000 schools around the world, and that its programmes connect children’s home-based learning with their education at school, identifying learning gaps in real-time. It adds that this allows teachers to adjust their instruction accordingly and monitor youngsters’ progress.
Travis Ratnam, co-founder and chief executive of Knowledgehook, said: “I was inspired by my own struggle with math as a child. Having the right, personalised guidance makes all the difference and every student deserves to have a teacher who has access to the best pedagogical tools, and parents who have insights into their learning challenges. Our platform is not a game; it will pull together a 360-degree view on a child’s learning journey enabling people around them to improve their experience and outcomes.”
Knowledgehook’s platform supports schools across the US, Mexico and the UK. The company says it is structured to scale across multiple countries and languages, delivering teacher capacity while engaging students and providing insights for parents.
Knowledgehook added that it has formed partnerships and gained investments from recognised global education bodies, notably University College London.
Knowledgehook stated that it collaborates with governments around the world and also works directly with schools and their suppliers. It says aims next year to extend its solution to reach 50 million students globally.
Ratnam added: “We have received growing interest for our technology and expertise to be applied to other subjects and we look forward to expanding our solution to empower more educators and support the learning of students to become the problem-solvers of tomorrow.”
Date published: 20 October 2020