Today edtech startup Tech Will Save Us, which provides hybrid online and offline learning experiences for kids, has raised around €550K with commitments from hundreds of private investors via a Seedrs campaign. The campaign was funded by around 250%, having originally aimed for around €220K, demonstrating the current growing interest towards home learning since lockdown.
London-based Tech Will Save Us was founded in 2012 by husband and wife team Bethany Koby and Daniel Hirschmann. They started packing make-it-yourself kits on their kitchen table and now have customers across 97 countries. The company is already backed by edtech focused BrightEye Ventures as well as Initial Capital, an early backer of Supercell. So far it has helped 1.2 million kids build and create with technology.
Tech Will Save Us’ play-led home learning system is designed to encourage creativity while sparking an interest in science, technology, engineering, art and maths (STEAM). It includes a digital platform (with interactive manuals, projects and coding challenges) and physical product experiences ranging from its ever popular Electro Dough Kit to its newly launched Arcade Coder – all of which integrate with its online platform. It also recently launched a subscriptions service to support lifetime learning and value.
The company has worked on some interesting collaborations in the past, having worked with Google, Code Club, The Prince’s Trust and the BBC to create the micro:bit and more recently partnered with Disney to produce an exclusive STEAM toy for Marvel’s The Avengers.
Tech Will Save Us launched its crowdfunding campaign at the end of April – while schools were closed and amid a boom in home learning – and reached its target within 24 hours. The company has also been backed by Future Fund, the UK Government’s scheme to help innovative UK companies continue their growth trajectory and reach their full economic potential through the Coronavirus outbreak.
“We’d very much like to thank all of our new investors for their support, as well as everyone who has assisted with our application to Future Fund,” comments Bethany Koby, Cofounder and CEO at Tech Will Save Us. “Education has forever been changed by the lockdown and we are hugely excited to be accelerating our plans for home learning clubs as parents increasingly look for ways to inspire learning and prepare their kids for the future.”
Tech Will Save Us made the decision to focus on digital sales last year which positioned them well for the Covid19 pandemic.