BridgeU raises $5.3m to tighten a opening between preparation and attention needs

Students determining on their subsequent proviso in aloft credentials face a daunting choice and a array of options. Most schools have 0 capability to understanding with sifting 40,000 undergraduate courses in a UK, alone. Why not request large information to a problem and emanate an ‘adaptive training platform’ that indeed helps students make these essential decision, formed on genuine data.

That’s effectively what BridgeU does. Its university credentials and careers superintendence program uses large information and government collection to concede delegate schools to offer many smarter university and careers superintendence use to their students.

This London and Hong Kong-based startup has now sealed a $5.3m/£4m Series A investment turn led by London’s Octopus Ventures. Existing financier Fresco Capital also participated, and new financier Downing Ventures assimilated a round.

Its categorical careers superintendence aspirant is Naviance (owned by Hobsons, who have finished some critical association far-reaching reshuffling recently). On a ‘careers – willingness side’, there are a few tiny players, including many particularly in a UK Morrisby.

The latest turn of appropriation brings a sum lifted by BridgeU to £6.4m given a association was founded in early 2014. BridgeU’s group has grown to 40 and works with schools in over 50 countries. The new appropriation will cover new hires and product development.

“We invested in BridgeU since there is a transparent need to move potency and clarity to a university focus process,” says Allison Baum, handling partner during Fresco Capital. “BridgeU is a really constrained event sitting during a intersection of a micro patron need pushing brief tenure adoption, and a pivotal macroeconomic trend.”

Rebecca Hunt of Octopus Ventures says: “Education has altered some-more in a final twenty years than in a prior dual centuries, and edtech has played a executive purpose in this change. We invested in BridgeU since we see a large event in a fast flourishing credentials and tyro market.”

Students frequently make aloft credentials decisions in a vacuum, heading to high castaway rates and bad skills fixing with rising work marketplace opportunities.

Underemployment among new graduates – whereby immature people connoisseur with degrees or skills that leave them with practice opportunities that don’t entirely feat their intensity – is on a rise. Meanwhile, McKinsey predicts that by 2020, there could be a necessity of 40 million employees with a right qualifications. So tellurian direct for learned workers is outstripping supply and there’s a outrageous inequality between what business looks for in graduates, and how we ready them.

“At BridgeU, we’re dedicated to building a resolution that empowers schools to ready a students of now for a universe of tomorrow” says Lucy Stonehill, BridgeU’s co-founder and CEO. “In a universe where 65% of studentsin primary propagandize will eventually find practice in jobs that don’t now exist, assisting immature people to make sensitive decisions from a ages of 14-24 is critically important.”

With BridgeU, students build a personal profile, incorporating information on theme interests, grades, social, veteran and training preferences. The BridgeU relating algorithm cross-references a immeasurable database of chronological admissions information points to beget university and march recommendations that are personalised to a preferences and strengths of any individual. BridgeU’s focus collection assistance students build university applications, and capacitate training staff to conduct and lane course via a superintendence process, allot tasks, combine on references and contention applications and ancillary files for students.

In May 2017, BridgeU announced a partnership with ManageBac, a world’s heading Curriculum First training platform, that serves 4 in 5 International Baccalaureate Diploma students worldwide. Next, it will launch a new Careers planner to capacitate students to learn and try a immeasurable array of pursuit families and industries, constructed in partnership with Burning Glass Technologies, a large database of jobs and talent.

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Posted by on Oct 17 2017. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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