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London, Zen Educate, an innovative online marketplace that matches schools with the most suitable teachers, has secured an impressive £19.3 million ($21 million) in a Series A+ funding round led by Silversmith Capital Partners. The London-based platform was founded in 2017 with the goal of disrupting the traditional approach to recruiting teachers, which often involves expensive third-party agencies and cumbersome analog workflows.
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Revolutionizing Teacher Recruitment
Zen Educate aims to simplify the process of hiring teachers, including supply teachers, full-time teachers, and teaching assistants, by eliminating costly intermediaries. By providing a self-serve platform for teachers and schools, Zen Educate streamlines the recruitment process, making it more efficient and cost-effective.
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Teachers and schools can manage their profiles, and the platform uses its proprietary technology to conduct extensive checks on teachers during the sign-up process, ensuring high-quality candidates.
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The Benefits of Algorithmic Matching
One of Zen Educate’s primary advantages is its advanced algorithm that filters and surfaces the most suitable teachers based on various criteria. This “match algorithm” curates a list of teachers that align with a school’s specific requirements, considering factors such as availability, skillset, proximity, role type, previous feedback, and more. Schools can create “favorite” lists of top-performing substitutes based on previous experience, making it easier to rebook them when needed.
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Saving Costs and Time
Traditional education recruiters charge exorbitant fees, with an average margin of 30 to 35%. Zen Educate’s platform eliminates these high costs and instead charges a reasonable markup of around 15-18% on each hour or day booked through its platform. This cost-effective approach has already saved the UK education sector an estimated £10 million ($11 million) on recruitment agency fees.
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Expansion into the US Market
While Zen Educate has already made significant strides in the UK, serving cities like London, Manchester, Birmingham, Bristol, and Leeds, it has also soft-launched in the US market. Currently operational in Minneapolis, Zen Educate plans to expand further into the US, starting with Houston, Texas. With a strong focus on the US market, the company is well-positioned to revolutionize teacher recruitment across the country.
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Fueled by Series A+ Funding
With the successful completion of its Series A+ funding round, Zen Educate plans to accelerate its growth and expansion. The additional £19.3 million funding brings its total raised capital to £28.7 million. The company intends to double its workforce to 200 employees within the next six months, aiming to acquire incumbents in the market and further solidify its position as a leader in teacher recruitment.
ukbased zen educate 21m ussawerstechcrunch
Zen Educate’s disruptive platform has the potential to transform the teacher recruitment landscape, providing schools with a curated pool of highly qualified teachers while saving costs and time. As it continues its expansion journey, Zen Educate is set to revolutionize the way schools and teachers connect, making the process efficient, transparent, and seamless for all parties involved.