Massive demand for online learning: London-based FourthRev secures £2.3M for rapid expansion

London-based FourthRev is a new edtech startup, which bridges the gap between universities and businesses to address the gap in digital skills. The company just announced £2.3M in a round led by Reach Capital along with existing investors Emerge Education and Dunce Capital and angel investors including US education executive Craig Pines and Charlie Songhurst, former Head of Corporate Strategy at Microsoft.

Reach Capital is a US-based education specialist VC whose portfolio includes educational trailblazers Handshake, Class Dojo and Outschool. This investment round comes after the pre-seed fundraising round of £450K in February 2020 by the company founders Jack Hylands and Omar de Silva.

Plans for rapid expansion

Headquartered in London, FourthRev intends to use the investment for rapid expansion. Currently, the company is in discussion with nearly 20 organisations and plans to double the number of higher education partners they work with in the coming months. Furthermore, the company is in discussion with 20 more organisations as it plans to double the number of higher education partners in the next 12-18 months.

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