Tech Will Save Us, a London edtech startup teaching technology through ‘hackable’ toys, has clinched an extra £1.6 million in funding through its Series A extension round.
As a result, the total round sits at £5.3 million. The company will use the funding for new product development and expansion into new territories.
The extension was led by Brighteye Ventures, Europe’s largest edtech venture capital firm. In addition to the investment, managing partner Alex Spiro will join the board at Tech Will Save Us.
Tech Will Save Us is led by Bethany Koby and Daniel Hirschmann, who set up shop in 2012. The couple’s make-it-yourself kits encourage kids and teens to explore science, technology, engineering, arts and maths (STEAM).
The company’s toys are stocked in 4,000 locations around the world, with retailers including John Lewis and Barnes & Noble. Its partners include the BBC and Marvel Comics.
Female entrepreneurship platform AllBright supported the funding round earlier this year. Other backers included former Dyson CEO Martin McCourt, Jonathan Howell of Made and Chris Lee of Media Molecule.
“This new capital will help us continue to develop new STEAM-based products and expand into new markets in Europe,” said Koby. “We are thrilled to have BEV on board as strategic advisors as we enter a new period of accelerated growth, and we look forward to working alongside Alex and his team.”
“TWSU’s mission to spark the creative imagination of young people using hands-on technology is perfectly aligned with how we see the future of learning,” said Spiro. “We look forward to participating in their exciting journey.”
