Uptime, the free app that presents users with five-minute knowledge bits from top books and courses, just raised $16 million in a Seed funding round.
The round was led by Tesco CEO Sir Terry Leahy, entrepreneur and chairman of N Brown, Lord Alliance, and members of private equity firm Thomas H Lee.
With the global education tech market valued at almost $90 billion in 2020, Uptime plans to use the funds to expand its global reach.
The company provides a multi-platform educational tech product for a more comprehensive user experience.
“It’s an exciting time to be growing a dynamic new EdTech platform. To serve a global audience, we’ve built an incredible team representing 18 countries in Europe, Middle-East, Africa, Asia and the Americas, from ages 18 to 53, and from high school diploma to M.Ed, MBA and PhD. It’s truly a pleasure to work with such talent who’ve joined us from leading, innovative brands such as Benevolent AI and Bumble to the BBC, TED and YouTube to help us with our mission to transform online learning,” said co-founder Jack Bekhor.
Users can view a selection of curated content from different organisations and experts. At the end of a session, users can buy a book, watch a full documentary or sign up for the course they’ve just viewed a snippet of.
“At a time of unlimited access to information, we all need a place for safe, curated knowledge. On Uptime there is no fake news, there is no doom scrolling, there is no fluff. We only select sources of knowledge and make recommendations with fresh perspectives from authors and creators our users can trust, and on topics which matter most to them,” said co-founder Patrick Walker.