Thursday, October 3, 2024

Budapest-based Voovo raises €500k pre-seed to scale microlearning in training

Voovo, an AI-powered flashcard app designed to revolutionize how college students and educators interact with studying content material, introduced that it has secured €500k in a profitable pre-seed funding spherical. The spherical was led by world startup accelerator Techstars, alongside strategic buyers STRT Ventures, Peter Csillag , and Obuda Uni Enterprise Capital as the most important investor.

Based with the mission to combine microlearning into mainstream training, Voovo presents an adaptive and personalised studying expertise by means of digital flashcards that leverage spaced repetition and energetic recall—two scientifically confirmed strategies for enhancing reminiscence retention and studying velocity. The app not solely helps college students retain what they’ve discovered, however actively reinforces their data over time, making the training course of each environment friendly and fascinating. With this funding, Voovo goals to strengthen its partnerships with instructional establishments, develop its consumer base, and set up itself as a number one instrument for interactive studying. This funding spherical highlights not simply the expansion potential of Voovo, but additionally the arrogance buyers have within the firm’s crew and technique. 

Martin Olczyk, Managing Director at Techstars, emphasised: “I made a decision to put money into Voovo due to the crew’s outstanding ambition, coachability, and their mastery of execution. Benedek and his crew are constructing one thing really groundbreaking, fixing a big problem within the edtech house by serving to college students be taught quicker. The mix of their data-driven method and their confirmed potential to ship on the highest degree provides me nice confidence in Voovo’s future success, and I’m very joyful to be a part of Voovo‘s journey.”

The participation of Óbuda College’s Enterprise Capital Fund underscores the worth Voovo’s platform brings to the educational group. Imre Hild, CEO of Óbuda Univenture Capital, shared: “I’ve labored with over a thousand startups since 2009, and I’ve discovered that success is all concerning the individuals. The Voovo crew, led by Benedek Herman, stands out for his or her deep understanding of the issue, dedication to constructing a beneficial product, and dedication to creating a constructive impression on their group. I’m excited to help them as they proceed to develop.”

Since its inception, Voovo has empowered over 100,000 college students globally, serving to them examine extra effectively and with larger engagement. By making use of the newest in AI and academic analysis, Voovo’s progressive method to microlearning is reshaping the way in which college students examine, utilizing spaced repetition to strategically revisit info simply as they’re about to neglect it, and energetic recall strategies to advertise deeper cognitive engagement.

The funding will allow Voovo to construct on this early success by refining its platform based mostly on consumer suggestions, deepening its integrations with college curriculums, and growing its presence in school rooms throughout Hungary and Europe. 

Voovo’s CEO, Benedek Herman, commented on the importance of this milestone: We imagine that the best studying strategies—energetic recall and spaced repetition—needs to be accessible to all college students, not simply prime performers. Our imaginative and prescient has at all times been to democratize these methodologies, making them out there to each learner, particularly those that want essentially the most help. With the assistance of this funding spherical, we will broaden our answer on a bigger scale and proceed advancing in the direction of our imaginative and prescient.

Along with boosting product growth, the pre-seed funding shall be used to speed up Voovo’s consumer acquisition technique, specializing in key instructional markets in Central and Jap Europe. The corporate additionally plans to broaden its analytics and reporting capabilities to supply much more worth to varsities and educators.

With this sturdy backing, Voovo is well-positioned to proceed evolving its platform and broaden its attain, serving to extra college students obtain their educational potential by means of personalised studying experiences. As the corporate gears up for a bigger spherical of funding subsequent 12 months, it stays targeted on scaling its operations and enhancing its impression on school rooms worldwide.

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