Team Satchel: against COVID-19 Company

Entity: Team Satchel

Category: EdTech

Description: Team Satchel develops a range of school software focusing on homework, behavior, classroom management, and teaching resources. Creators of market-leading software, Show My Homework, Satchel has developed a powerful range of school software focusing on homework, behavior, classroom management, and teaching resources. As a brand, Satchel will provide schools around the globe with exceptional products and a service second-to-none that can be relied upon to help deliver the best learning experience.

Project: Remote learning to democratise education

Summary: The coronavirus pandemic and lockdown has had a significant and potentially lasting effect on education, with EdTech seeing accelerated adoption on a mass scale. On a global level, EdTech companies saw VC investment grow by 22% in Q1 2020. The UK is a leader in the field, with its startups attracting 41% of all European investment last year according to data from our Data Commons. EdTech investment climbed 91% from 2018 to 2019. In contrast, investment in the US actually fell by 12% and European investment only grew by 8%. EdTech companies in the UK are numerous but tend to be at an earlier stage in development than those in markets like the US. Companies have raised smaller sums of money than those in sectors such as AI, FinTech and HealthTech and are less well equipped to cope with the sudden demand from parents or schools. EdTech has huge potential around the world to democratise access to education, and UK companies are well-placed to provide services into the international market. UK EdTech Show My Homework from Satchel is providing a simple online system for distance learning that supports schools, students and parents.
Technology: EdTech
Headquarters: United Kingdom
Founded Date: N/A
Employees Number: N/A
Funding Status: N/A

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