The series A funding round led by Octopus Ventures places the company among the UK’s leading edtech providers.
BridgeU, which has developed its own award-winning university preparation and careers guidance software, has closed a £4m series A funding round.
The round was led by Octopus Ventures, with existing investor Fresco Capital, and new investor Downing Ventures also joining the round.
BridgeU’s software uses big data and streamlined management tools to empower secondary schools to offer a smart, modern university and careers guidance service to their students.
It does this by helping students build a personal profile, incorporating data on subject interests, grades, social, professional and learning preferences.
The BridgeU matching algorithm then cross-references a vast database of historical admissions data points to generate university and course recommendations that are personalised to the preferences and strengths of each individual.
“At BridgeU, we’re dedicated to building a solution which empowers schools to prepare the students of today for the world of tomorrow” said Lucy Stonehill, BridgeU’s co-founder and CEO.
“In a world where 65% of students in primary school will eventually find employment in jobs that don’t currently exist, helping young people to make informed decisions from the ages of 14-24 is critically important.”
The latest round of funding brings the total raised by BridgeU to £6.4m since the company was founded in early 2014.
The company has offices in London and Hong Kong, boasting 40 members of staff, and now works with schools in over 50 countries.
The new funding, which will also support team growth, will allow BridgeU to carry on adding to its product offering, further developing the platform around the needs of schools and young people.
“We invested in BridgeU because there is a clear need to bring efficiency and transparency to the university application process,” said Allison Baum, managing partner at Fresco Capital.
“BridgeU is a very compelling opportunity sitting at the intersection of a micro customer need driving short term adoption, and a key macroeconomic trend.”