Monzo and Lendable founders invest in UK startup offering e-learning to remote workers – UKTN
London-based microlearning platform GoodCourse has raised $770,000 in pre-seed funding led by RLC Ventures and RTP Capital. The stellar list of funding round participants includes Monzo founder Tom Blomfield, Lendable founder Victoria Van Lennep, GoCardless and Nested founder Matt Robinson and Look After My Bills founder Henry de Zoete.
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Designed to reach 80% of workers who do not work in front of a computer and, therefore, are often overlooked by traditional corporate e-learning solutions, the new startup offers short L&D content, combined with explainer videos of TikTok style, directly to learners’ phones. Learners are enrolled via SMS, which means no app downloads or logins are required.
Classes that look like Instagram stories
As social media transforms the way people consume information, the edtech startup is looking to transform learning into business with courses that are more like Instagram stories in an effort to capture learner engagement. Current customers are seeing course completion rates of over 80%, several times higher than with traditional e-learning solutions.
Classes are typically delivered over five days, with daily lessons taking no more than 3 minutes per day, compared to current e-learning models which typically take over an hour.
It’s time for online learning to catch up
Founded by Chris Mansfield and Omar Mughal, with strong early business traction across a number of industries, the platform will use the funding to further develop its learning experience and platform, as well as expand its sales functions and marketing.
Chris Mansfield, CEO of GoodCourse, says, “The learning ecosystem has left non-administrative workers and remote audiences behind for far too long. More than that, social media has changed the way we consume information – it’s time for online learning to catch up. We couldn’t be more excited to partner with leading investors and operators on our first fundraising.
Reece Chowdhury, Founding Partner of RLC Ventures, said, “We are thrilled to lead GoodCourse’s pre-seed cycle and join the team in their mission to bring the best e-learning courses to the world of non-workers. administrative.