TeachPitch, a UK-based education technology company, announced on Wednesday it has extended its latest equity crowdfunding for the second time on Crowdcube. The company launched the funding round last month and quickly secured its initial £300,000 funding target and is now nearing £350,000 from more than 200 investors.
Founded in 2014, TeachPitch describes itself as a technology that maps and matches teachers’ learning needs with the best material available. The company was notably created to tackle the problem of information overload for teachers and schools. It helps schools to organize, manage, and discover the best of online learning. TeachPitch’s software is also used in hundreds of schools and the company has started to certify its users to provide online tutoring to other educators on the platform.
“TeachPitch was acknowledged as 1 of the 20 fastest growing eLearning companies in the United Kingdom in 2015 by EdTech Europe, as 1 of the 50 best tech companies in the United Kingdom by the Great British Entrepreneur Awards in 2016 and received an Award for Educational Excellence, Teaching and Leadership by the World Education Forum in Mumbai in 2017.”
Speaking about the latest Crowdcube extension, the TeachPitch team stated:
“On another note, we are very happy to report that we have significantly advanced in our conversations with bigger (institutional) investors familiar with the Education market. Their interest has increased and they have had a series of conversations with some our institutional customers. Even though things are looking very positive, we still needed a bit more time to get matters sorted which is why the team at CrowdCube granted us some more time.”
The TeachPitch team also revealed more details about the software’s presence in Kenya:
“Over the past days we have been working hard on increasing the digital literacy skills of teachers from the Muguna Primary School through extensive training and proper customisation of our technology. We feel very happy that these Kenyan educators love our product and platform and we cannot wait to provide them with further access to TeachPitch so they can genuinely learn more and teach better.”
All funds from the Crowdcube campaign will be used to continue the growth and development of TeachPitch’s products. It is set to close in mid-April.
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