Smowltech, a Spanish EdTech startup, secured €1.65 million in equity financing to enhance its automated proctoring solutions, supported by leading investors Sparkmind.vc and Fondo Bolsa Social.

Target Information

Smowltech is a Spanish EdTech startup dedicated to enhancing trust in online learning and improving access to quality education. The company aims to eliminate barriers to education and create opportunities for individuals, thereby positively impacting their lives. Currently, Smowltech serves over 100 educational institutions, corporations, and public sector organizations by providing reliable e-proctoring services for various online learning processes such as exams, certifications, and recruitment.

With the recent closing of a €1.65 million equity financing round, Smowltech plans to expand its product offerings and focus on developing a fully automated proctoring system that requires minimal human intervention. This strategic investment will enable them to lower monitoring costs for clients and position Smowltech as the leading solution in the marketplace.

Industry Overview

The EdTech industry in Spain is experiencing significant growth, spurred by an increased reliance on online learning platforms and a shift in educational paradigms. The COVID-19 pandemic accelerated the adoption of digital solutions across educati