EdTech startup BridgeU has closed a £4m Series A led by Octopus Ventures.
The London and Hong Kong-based company also drew support from existing backer Fresco Capital and new investor Downing Ventures.
Founded in the UK in 2014, BridgeU has created a university preparation and careers guidance software, which leverages big data.
“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.”
This latest tranche of funding brings BridgeU’s total to £6.4m. The new money will be used to grow the team, which currently stands at 40.
“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.”
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