StudyFree, which connects students with worldwide educational remote learning options, recently raised a $3 million seed round, as we reported earlier this week.
But it’s much more than being accepted into a traditional program Education has become a remote industry as a result of the pandemic, and tech entrepreneurs have responded.
Educate Online is a website that allows overseas students to study at schools in the United Kingdom, the United States, and Canada, but there’s a catch. All of the coursework is completed entirely online, remotely, full-time or part-time, without the need to relocate to another country and incur the associated expenditures.
Xploration Capital, TMT Investments, Flyer One Ventures, Softline, and Angelsdeck have all contributed $4 million in seed fundraising.
The firm claims to have enrolled 2,500 students from 18 countries in its K-12, ESOL, job exploration, university preparation, and internship and mentorship programs in the last year.
Students can also enroll in on-campus summer or semester programs through the website. It now intends to expand across Latin America, Asia, and the Middle East.
Transitions Abroad, Smapse, and Academic Families are some of the competitors that are still focused on offline education.
Alexander Zheltov, co-founder and CEO of Educate Online, said: “Educate Online was founded in 2018 and since then has placed more than 4,000+ children between the ages of 4-19 in top schools. After COVID-19 hit, we made a hard pivot to online education as we were seeing a surge of interest towards online education – in 2020 we grew 5.5 times and we expect to continue growing 3-5x year-over-year”.
Eugene Timko, Managing Partner at Xploration Capital said: “Schools have historically been very local operations. Few have branched out to other countries, primarily through building foreign campuses and local partnerships. This has significantly limited the potential reach for international school education. Educate Online may become the dominant online layer on top of the existing schools’ infrastructure, vastly expanding the current market for cross-border education”.
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