Springpod raises their Series A — democratising opportunities for young people
TL:DR
- UK-based career guidance platform, Springpod, has raised their A round of over $4m, led by Edge VC.
- This a significant accomplishment in the current market; a testament to Springpod’s unique approach and its potential to grow and support more young people.
- They are addressing a large total addressable market that is highly fragmented and in need of a category-defining company.
- Having surpassed 400,000 students and +3,500 teachers from 5,000 schools in the UK, Springpod is expanding globally with successful partnerships.
- We were delighted to work with the team — read on to find out more 👇
A two-sided problem
One of the primary issues that Springpod tackles is that many young people choose the wrong career or course, as they have no experience of what these involve. This has huge implications for their future, and results in high costs for all parties involved if they drop out.
In addition to addressing the challenges faced by young people, Springpod also helps educational providers and employers. Universities and employers often struggle to provide students with an accurate picture of what a particular career or course involves, leading to significant attrition rates.
One solution for all
Springpod’s unique solution to the problem of career guidance involves creating immersive virtual career and university experiences in partnership with the world’s best employers and universities. The platform allows young people to experience these careers and universities from an earlier age, providing them with the opportunity to gain work experience, explore different careers, and learn about various university options and courses. This approach enables young people to make informed decisions about their future, ensuring they have the necessary knowledge and skills to succeed in their chosen field.
Through its partnerships with universities and employers, Springpod provides students with a realistic and immersive experience of different careers and courses, leading to more informed decisions and better outcomes for all parties involved. This approach is designed to help students identify their strengths and interests while also gaining practical experience that can be used to further their careers. By providing students with a more comprehensive understanding of different careers and courses, the company helps them to make informed decisions about their future, reducing the likelihood of choosing the wrong career or course and improving their long-term prospects.
Overall, their unique approach to career guidance along with their strong partnerships has been a major factor in their success to date. The company’s Series A funding round will enable them to develop their platform further and expand their reach, helping even more young people make informed decisions about their future careers and education.
Mountside <> Springpod
We were thrilled to have worked with Springpod - there are several reasons why we liked them.
- The founder, Sam, is a smart and driven entrepreneur with a clear and ambitious vision for the future. He is committed to delivering an innovative and valuable solution for young people and has the determination to make it happen.
- The Springpod team is composed of experienced and knowledgeable professionals with a proven track record in audience engagement and education. Their expertise has been instrumental in developing their platform to meet the needs of students, universities, and employers.
- Their impressive traction, having already established relationships with a diverse range of employers, prestigious brands, and leading education providers. The feedback received from these partners has been overwhelmingly positive, and we are confident that this is just the beginning of a long and fruitful journey.
- Their significant impact on young people’s lives, democratising access to opportunity and helping them to make informed decisions about their future resonates deeply with our team, and we are proud to be supporting a company that is making a positive difference in the world.
It was a pleasure working with Sam and the Springpod team and we are delighted that they’ve found an investor with deep sector expertise to support them drive their business forward.
Jonathan Hollis, Managing Partner, Mountside Ventures
We look forward to seeing Springpod grow and thrive in the years to come, and we are excited to be a part of their journey.
The Deal
Springpod closed their $4m Series A with Edge VC.
We are delighted to partner with Edge and are excited to draw upon their extensive creative economy expertise. We pride ourselves on creating Netflix-quality content for young people to experience careers and courses with leading employers and universities.
The team at Mountside were an excellent partner to Springpod during our fundraise. Their UK network is extensive and the relationships they have enabled us to reach highly targeted potential investors in a short period of time. They were a useful sounding board throughout and I would not hesitate to recommend them to startups aiming to raise an institutional round.
Sam Hyams, Founder & CEO of Springpod
Edge is thrilled to be partnering with Springpod, to power the next phase of its growth. We are excited about supporting the team to achieve their mission, enabling every young person to experience a university course or career, before they apply. Due to a lack of advice, young people often choose the wrong career or course. This has major implications for their future and high costs for universities & employers when students drop out. Springpod partners with universities and employers to create experiential learning programmes, empowering students by providing equal access to opportunity
Hannah Williamson, Edge Investment Manager
What’s next for Springpod?
Springpod are also open to co-investors to join their journey, so if you’re interested in speaking with the team, drop Sam a note on sam.hyams@springpod.com
Are you raising?
If you’re a founder as ambitious as this team, we’d love to hear from you — submit details of your company here. We aim to respond to everyone within 48 hours!
