Edtech to “change the world of substitute teaching” via £19.3m funding round

Zen Educate, a London based platform that connects schools with temporary and full-time teachers and teaching assistants, has secured a £19.3m Series A extension round.

The investment was led by Brighteye Ventures, Adjuvo and several notable private investors and family offices, including Simon Rogerson and Chris Hulatt, the founders of Octopus Group.

Zen Educate has previously raised £9.4m, bringing the total the company has raised to £28.7m. The new funding will continue to grow the platform across the UK, support further market expansion in the United States, where it has already seen “explosive growth”, and complete its first acquisitions to consolidate the market.

The funding will also double the team headcount from 100 to 200 over the next six months. Zen Educate has tripled in size year-on-year and is approaching nearly one million hours of cover booked on its platform in the last 12 months.

Zen Educate has built a “fairer, more ethical alternative to traditional agencies, removing the hassle of archaic processes”. Its online platform provides a secure one-stop shop to solve a school’s staffing needs, giving schools and teachers an online alternative to recruitment agencies.

It also provides teachers with all of the information they need to work at each location and better ways to communicate and manage relationships with the schools. The startup has already saved the UK education system approximately £10m that would have been “wasted” on recruitment agency fees and connected thousands of teachers to job opportunities.

The platform uses proprietary software to perform an extensive series of checks during the teacher sign-up process to ensure all professionals listed are thoroughly vetted before a final manual review of each profile.

Slava Kremerman, co-founder and CEO of Zen Educate, commented: “This significantly oversubscribed extension to our Series A validates the progress we’ve been making in our mission to change the world of temporary work in schools.

“We are proud to say we have saved the UK education system millions of pounds each year, which is why we are excited about our growth and expansion into the US market.”

The US temporary staffing market is worth more than $16bn per year and has a large gap for digitalisation which Zen Educate has already started to fill. Similar to the UK, there is an opportunity in the US to build a vertically integrated offering that offers significantly better outcomes for both sides of the education market.

By Matthew Neville – Correspondent, Bdaily

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