University Compare doubles Seedrs funding target to raise £177,199
Edtech start-up has closed investment in the same week as student education "decision-making" platform BridgeU
University Compare, a platform which helps students compare courses from different universities, has more than doubled its £75,000 target on crowdfunding site Seedrs to raise £177,199 in return for a share of 23.95% equity.
Founded in 2012 by Owen O’Neil while still at Anglia Ruskin University, the education technology start-up enables students to compare over 27,000 courses at 265 institutions across the UK.
Users can compare a wide range of metrics such as employment rates, average graduate salaries, student satisfaction and even the cost of a pint of beer at local bars.
With this latest round of funding, which follows a $2.5m investment this week into similar service BridgeU, University Compare hopes to hit its target of 50,000 members by August 2016 and to have expanded its course directory into Europe by March.
O’Neil commented: “Our competitors are completely out of touch with what students want, the education market is finally maturing and it’s now time to disrupt this market heavily, that would probably explain why we have more social power than all of our competitors combined.
“We’re cool, fun, and practical. I’m extremely confident that University Compare will be the TripAdvisor of education.”
Want to start a business at university like O’Neil? Check out our guide to low-cost business ideas to start at university.