Virtual Class

Education/TrainingSeries ALondon, UKthirdspacelearning.com

Latest round

Series A

Last raised

Jun 2018

Total raised

$8.9M

Investors

5

About Virtual Class

Virtual Class Ltd.Founded in 2012 in London, UK, Virtual Class Ltd. operates under the brand Third Space Learning. The company focuses on delivering online maths tutoring services utilizing AI technology. Tom Hooper serves as both the Founder and CEO.75 million from Albion Capital and Downing Ventures.Third Space Learning specializes in AI-driven online maths tutoring primarily designed for primary and secondary school pupils. Their core product is Skye, an AI tutor developed to facilitate interactive, real-time mathematical discussions, making tutoring accessible and affordable for schools. The platform aligns with the National Curriculum, catering specifically to students in Years 4-6 and those preparing for GCSEs. Third Space Learning's services support over 4,100 schools and approximately 170,000 students across the UK, US, and other international markets.Third Space Learning operates on a subscription-based revenue model, providing schools with annual access to its AI tutoring services. For instance, one-form entry schools are charged GBP 3,500 annually, while two-form and three-form entry schools pay GBP 5,000 and GBP 6,000, respectively. This pricing structure allows unlimited tutoring sessions for enrolled students without incurring per-session fees.In June 2018, Virtual Class Ltd. Future initiatives include the development of additional educational products tailored to various learning stages, as well as targeted expansion into new international markets, although specific regions and timelines have yet to be disclosed.

Who invested in Virtual Class

5 investors across 4 rounds

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Funding rounds

  1. Series A

    Jun 20, 2018

    Amount

    $6.3M

    Investors

    Locked

  2. Series A

    Jul 7, 2015

    Amount

    $2.3M

    Investors

    Locked

  3. Seed

    Feb 1, 2015

    Amount

    Undisclosed

    Investors

    Locked

  4. Seed

    Dec 7, 2012

    Amount

    $0.2M

    Investors

    Locked

Questions about Virtual Class

Who invested in Virtual Class?

Virtual Class has 5 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Virtual Class raised?

Virtual Class has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did Virtual Class last raise money?

Virtual Class's most recent round on record is a Series A, in Jun 2018.

What does Virtual Class do?

Virtual Class is a education/training company.

Where is Virtual Class headquartered?

Virtual Class is headquartered in London, UK.

Which VCs invest in companies like Virtual Class?

Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back education/training companies at Virtual Class's stage. Their profiles are linked below.

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