Zen Educate funding news – London-based Zen Educate Raises €34 Million in Series B Round Funding

The initiative was spearheaded by Round2 Capital, with the backing of Adjuvo, Brighteye Ventures, FJ Labs, Ascension Ventures, and prominent angel investors, including Simon Rogerson, the founder and CEO of Octopus. This represents the most significant funding round in European EdTech this year.

Zen Educate will be able to further expand its operations in both the UK and the US by completing numerous additional acquisitions. The funding will facilitate this endeavour. Furthermore, the investment will enable the company to expand its new school workforce management software, which encompasses SaaS products for credentialing, compliance, and absence management.

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Globally, schools and nurseries expend more than $55 billion annually on temporary personnel as a result of exorbitant recruitment agency fees, outdated technology, and inadequate matches. In a market that is highly fragmented, recruitment agencies charge an average margin of 35 percent per match. Zen Educate provides a contemporary, algorithm-based solution that directly connects schools with the appropriate instructors for the jobs.

The platform allows educators and educational institutions to establish profiles and determine their compatibility by considering proximity, expertise, and experience. This leads to more precise and expedited matches, which in turn decreases hiring expenses and facilitates the more efficient allocation of resources by educational institutions, ultimately benefiting both instructors and students.

Slava Kremerman, co-founder and CEO of Zen Educate, said: “We’ve been on a mission to solve schools’ workforce challenges. This investment brings us closer to our goal of helping the education system save over $100 million annually through our fairer, more efficient recruitment model. As we enter into the next phase of our journey, we aim to reach out to more educational institutions across the UK and US.”

Brand ambassador Jermaine Jenas, added: “I’ve witnessed first-hand the transformative impact of Zen Educate. What sets us apart from other tech companies is our simplicity. By eliminating unnecessary costs, Zen Educate empowers schools to prioritize what truly matters: delivering high-quality teaching, investing in better pay for educators, and focusing on the young minds of the future.”

Christian Czernich, co-founder and CEO of Round2 Capital, commented: “Zen Educate has been successful in solving a significant challenge faced by educational facilities on a daily basis. The team’s deep understanding of the EdTech landscape is evident, and their remarkable growth, nearly fivefold over the last 24 months, is a testament to their effectiveness.”

About Zen Educate

Zen Educate, which was established in 2017 by Slava Kremerman and Oren Cohen, is headquartered in London and has offices throughout the United States and the United Kingdom. Kremerman was previously a member of the leadership team at Nutmeg, and Cohen was responsible for the UK office of Optimizely. Zen Educate has experienced significant growth since its inception, with a team of 300. The company has been acknowledged on prestigious lists such as the FT 1000, Deloitte Fast 50, and Tech Nation's Future Fifty.