Target Information

We are pleased to announce our recent investment in Third Space Learning, an innovative ed-tech company focused on enhancing numeracy skills among primary school children in England. The company leverages technology to connect academic talents from around the world with children who are at risk of falling behind in their studies. In collaboration with Ananda – Social Venture Fund, along with a group of angel investors, we have contributed £500,000 towards a total funding round of £1.5 million.

Industry Overview

The importance of high numeracy skills is well-established, as it is correlated with increased employability, higher earnings, and better health outcomes. In the United Kingdom, it is concerning to note that four out of five adults possess a low level of numeracy. This statistic highlights a significant challenge that requires an array of solutions and systemic changes in outlook and approach to mathematics education.

Efforts to enhance numeracy often involve multifaceted strategies; however, high-quality, individualized support such as one-to-one tutoring has shown promising effectiveness. Unfortunately, this type of tailored assistance can be costly and difficult to access, primarily due to the limited availability of specialist maths teachers. Consequently, many young individuals who need support may find themselves without the resources necessary to succeed.

To meet this pressing need, Third Space Learning is dedicated to increasing access to individualized maths tuition. By utilizing technology to connect students with qualified specialists globally, the company endeavors to provide a quality, affordable tutoring service directly within schools, thereby enhancing accessibility for thousands of children across the UK.

As a result, Third Space Learning is poised to have a significant impact on students’ confidence and achievement in mathematics, ultimately improving their long-term prospects through better educational outcomes.

Rationale Behind the Deal

Our investment in Third Space Learning was driven by the urgent need to address the numeracy gap facing primary school children in England. By providing a scalable solution that combines expert tutoring with technology, Third Space Learning can meet the demand for more personal educational support. This not only benefits the students but also contributes positively to the educational landscape in the UK.

Information About the Investor

Our team believes in supporting initiatives that create positive social change, particularly in the education sector. With a strong focus on investing in innovative solutions, we aim to back companies that can leverage technology to bridge gaps in education. Our involvement with Third Space Learning is aligned with our mission to empower students, enhance their learning experiences, and improve life outcomes.

View of Dealert

Dealert sees the investment potential in Third Space Learning as highly advantageous given the urgency to address low numeracy levels among students in the UK. The company's approach to providing accessible, quality tutoring can greatly enhance educational outcomes, making it a worthwhile opportunity. Furthermore, with rising awareness of the importance of numeracy skills in the workforce, the demand for such services is likely to grow.

Investing in Third Space Learning presents an opportunity to be part of a transformative solution that not only supports individual students, but also contributes to broader societal improvements in educational attainment. The scalability of its model, paired with increasing market recognition, suggests a bright future for the company and its growth prospects.

The potential returns, both socially and financially, make this investment compelling. Not only could it yield substantial benefits in terms of educational impact, but it is also positioned to generate positive returns as it expands its reach and service offerings.

In summary, we believe that investing in Third Space Learning is both a strategic move and a significant step toward addressing a critical educational challenge. Our support will facilitate the company's mission to empower students, thus fostering a more numerate society.

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