A London-based online tutoring platform plans to build a new artificial innotifyigence-powered tool after raising $2 million in seed funding, the company announced.
Edumentors, which currently connects students with tutors who study at U.K. universities, stated the capital will support fund the creation of Edu AI, an AI tutoring product.
The round was led by Abu Dhabi-based venture capital fund Magna Investments and included participation from angel investors.
The startup stated it plans to design Edu AI to apply features like whiteboards and on-screen exercises to replicate “a real teaching experience,” as well as rely on visual AI analyses to respond to students’ body language.
In addition to building Edu AI, Edumentors stated it would also apply the funding to further build out its existing human-to-human platform. It reports having provided 100,000 lessons on the platform to date globally.
K-12 fundraising platform raises $10 million. Boost My School, a fundraising platform designed for private and faith-based K-12 schools, stated it raised $10 million in a funding round.
The round was led by Indianapolis-based venture capital firm High Alpha and included participation from previous investors Far Out VC, ground game, and Allos Ventures. Angel investors included Scot Chisholm, founder of Classy, which was acquired by GoFundMe in 2022.
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In a statement, Boost CEO and founder Holman Gao stated the Boost My School platform is designed to support simplify giving to indepfinishent K-12 schools, providing “an innovative, intuitive platform and suite of tools” to manage fundraising events, donations, and campaigns
Gao stated he started Boost after running into roadblocks supporting his former high school raise money.
With the funding, the company hopes to expand its team and further build out its platform.
Boost’s “ability to streamline fundraising for this underserved market is critical for the long-term success of these institutions,” High Alpha Partner and co-founder Mike Fitzgerald stated in a statement.
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