Edtech startup Kinteract raises investment ahead of official UK launch
UK-based edtech startup Kinteract - an innovative and interactive portable learning record and real-time report system for schools and institutes - has received £1.25m financial backing from Pembroke VCT and Blackfinch Group
Digital education platform Kinteract promotes learning and development by enabling fast feedback between teachers, students and parents. Currently used by over 80 schools internationally, its intuitive system helps teachers create learning plans for individual pupils, allows all parties to monitor pupil progress, and identifies any potential problems that need immediate attention.
Despite investment going into edtech, only 3% of the market is currently digitised.
Blackfinch Group, based in Gloucester is investing £750,000 with Pemboke VCT, part of Oakley Capital and based in Chelsea, investing £500,000. Following the investment, Kinteract is preparing to officially launch in the UK and expand its existing footprint in international markets. The team consists of founders who set up schools globally and worked in digital transformation roles for Pearson and Barclays.
Shehzad Najib, CEO, says: “Despite the investment going into edtech, only 3% of the market is currently digitised. We aim to address the challenges facing schools of teacher workload, preparing students for jobs of the future and becoming data driven. By delivering Kinteract through a social technology experience we have witnessed significant upward trends in communication and collaboration between teachers, students and parents.
“This is a significant investment and one which will support our continued commitment to changing learning and ultimately improving learner outcomes through personalised pathways.”
To find out more about Kinteract, visit: www.kinteract.co.uk