Wakelet: against COVID-19 Company
Entity: Wakelet
Category: EdTech
Description: Wakelet is an Internet social web application, which helps you collect, organize, share and discover the information that really matters to anyone. It lets you create richer, more relevant stories or collections called Wakes that can have a beginning, middle and an end or that can evolve with you.
Project: Educational platform to stay connected
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. Manchester based Wakelet provides a platform for educators to stay connected with their students and colleagues, and allows them to collaborate by sharing resources with one another while working remotely.
Category: EdTech
Description: Wakelet is an Internet social web application, which helps you collect, organize, share and discover the information that really matters to anyone. It lets you create richer, more relevant stories or collections called Wakes that can have a beginning, middle and an end or that can evolve with you.
Project: Educational platform to stay connected
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. Manchester based Wakelet provides a platform for educators to stay connected with their students and colleagues, and allows them to collaborate by sharing resources with one another while working remotely.
Technology:
EdTech
Headquarters:
United Kingdom
Founded Date:
N/A
Employees Number:
N/A
Funding Status:
N/A
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