UK Edtech startup Xcademy raises £440k in seed funding

Xcademy is the E-learning services provider pitching itself as the premier digital marketing training institute. The startup recently closed a seed investment round of £440,000, giving the business a fresh valuation of £4,4 million.

The closure of this seed round comes ahead of the launch of Xcademy’s online education portal aimed at young people, planned for later this month.

Xcademy provides its customers with a year-long educational program, designed to reward students by teaching valuable life skills and helping them build their confidence.

The portal will give customers access to video tutorials, each of which will provide lessons based on the experiences of the tutor and teach people how to successfully build a large online following. Students will be able to constantly monitor their progress throughout the course, as well as having the opportunity to create their own content and engage with other users. 

The company’s founders are Oliver Bell, age 23, from Norwich and Joel Morris, age 21, who is from Milton Keynes.

Joel Morris, Co-Founder of Xcademy said, “Since starting my YouTube channel in 2013 I have experienced firsthand the ups and downs of amassing a large online following. Today, the majority of young people are engaging with YouTube and want to become personalities in their own right.

At Xcademy, we want to empower them to do this by teaching them how to responsibly and ethically build a rewarding online presence. Ever since I started building my own social media channel followings, I have wanted to educate young people, build their confidence and help them believe that anything is achievable.”

Oliver Bell, Co-Founder of Xcademy added: “We have founded Xcademy in order to help teach young people life skills that are not normally taught in schools.

“By providing affordable and engaging online tutorials, we aim to teach our students how they can better themselves and build an online presence that will create a loyal following.”