Edtech startup Upgrade Education completes EUR 200,000 investment in new educational platform
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Loading... - Bogdan Aron
- 02 May 2023
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Upgrade Education, a leading player in the field of personalized mentoring for admission to the world’s top universities, said it completed the EUR 200,000 investment in the new online mentoring platform Agora. The platform is currently used by more than 500 students and over 150 mentors.
The company said that Agora allows students enrolled in the Upgrade programs to access courses, plan mentoring sessions, complete homework and tasks, and check their knowledge after completing a course “through quizzes developed to boost student progress.”
“Upgrade is today at its highest performing point. The Agora platform is live and stable, and in the next version, which will be ready by the end of the year, we are preparing to integrate a module based on Artificial Intelligence, but also to open it up and capitalize on resources through a subscription module,” said Constantin Bosinceanu, the founder of Upgrade Education.
“Since the beginning of this year, we have been working intensively on international expansion, and this quarter we managed to generate approximately 15% of revenue from students who are not from Romania. Our business model is based on mentors who have studied the same subject and at the same university to which the student wants to apply, therefore, by the end of the year, we aim for at least 30% of the revenue to come from the international area and also, in addition to Romania, the opening of a local office in another country in Europe,” he added. Read More…
