HowNow, a London-based EdTech startup, has received £1.2m in funding from a number of private investors and Fuel.Ventures.
The startup, which connects experts and learners by offering interactive video lessons, says it will use the money to roll out its augmented online learning technology.
Founded by serial entrepreneur Nelson Sivalingam, HowNow will also use the cash injection to expand its marketplace of experts and develop products for teachers and learners.
Nelson spoke about the investment: “Through the right kind of education, I strongly believe every human being, no matter how impoverished or illiterate, can develop a new awareness of self. There are millions of people with expertise around the world that could be teaching but don’t because of lack resources and there are millions more who do not have access to high quality teaching just because of where they are based.
He went on to note that in this day and age the lack of resources and geography should not constitute barriers to teaching or learning.
“We started HowNow to change the way the world learns by enabling anyone with expertise to teach and by empowering people to learn from each other. With the investment we have raised, I’m confident that HowNow will be the go to platform very soon for anyone who wants to learn a new skill or teach what they love,” the founder concluded.
The firm says it has more than 400 experts teaching in 33 countries, with these earning an average monthly salary of £2,000.