London entrepreneur secures $1M to fund educational app Gojimo
George Burgess has closed more than $1m (£604,000) in funding for his education technology firm's next project. He will use the new capital to develop Gojimo, a mobile app designed to help high school students pass their examinations, according to The Telegraph.
The funding round was led by Index Ventures. SoundCloud, Just-Eat, and Etsy also participated in the fundraising. In addition, JamJar Investments has now joined the shareholder register, the report detailed.
Gojimo is a free app that which students can download. The students then pay to get access to contents from publishers such as McGraw-Hill and Oxford University Press. The educational app launches today in the US and the UK, the report explained.
Burgess started his company, Education Apps, while he was still studying at St. Paul's School. He paid a freelance developer to create a basic quiz app. His teacher, Will Williams, caught him emailing the developer in the middle of a class and eventually got involved in the business. Williams helped create the content for the company's first app and is still takes an advisory role in the firm, the report stated.
At first, Education Apps was a third party developer for different clients and publishers. Now, the company will only focus on Gojimo, which will work as a platform for third-party educational content. Revenue will be divided between Burgess' firm and the publishers, The Telegraph reported.
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