Educational Intelligence (EI), an innovative B2B/SaaS company specializing in online adult learning, has successfully closed its seed round at £750k – significantly above its funding target. This investment will be pivotal in building their Minimum Viable Product (MVP), validating market fit, and establishing the business commercially.
Co-founded last year by Mike Fish and Cathal Naughton, EI’s vision is to improve the numeracy and financial literacy of millions of working-age adults globally. Poor numeracy in adults globally is an under-served opportunity and EI’s platform is specially designed to engage vulnerable adults within large-scale deployments by business and government as well as in education and training entities.
EI provides a fresh “blueprint” for online adult learning built on educational psychology principles. Their learning platform relies heavily on AI to create personalised, immersive learning experiences that engage learners. The company’s proposition addresses two global markets: financial literacy learning (driven by the new UK Consumer Duty regulatory obligations in financial services), and adult numeracy as part of government numeracy programmes such as Multiply. With an innovative proposition, they are well-placed to drive quality education (UN SDG 4*) for ages 16-65.
Stakeholderz are delighted to have supported EI on their journey. Florence Seabright, Commercial Lead at Stakeholderz commented, “It has been fantastic working with Educational Intelligence, and we are so pleased to see them successfully close this round. A huge congratulations to Mike and Cathal – we will keep our investment community in close touch with how EI develops.”
Mike Fish, Chairman of EI commented,” Concluding our funding round at this level represents a significant vote of confidence in our business by Daniel Hulme, a world expert in AI. We were delighted to work with Stakeholderz throughout the process. We will deliver our first product in late summer and the initial revenue stream will lay the groundwork for our next (post-revenue) round during early 2025”
* UNESCO Sustainable Development Goal 4
