First investment

6 July 2015

Status

Current

Total investment

£1.75m

Fund

NIIF1

Nesta has invested £2.25m over 4 rounds into Third Space Learning since 2015. TSL is a leading provider of one-on-one maths tuition online, at each stage enabling the business to develop its technology, attract larger rounds of capital and bring in new institutional shareholders.

The business sells into UK primary schools and directly to families and enables children who are falling behind to catch up. Low numeracy is a strong predictor for long-term deprivation and is linked to unemployment as well as problems in work and home life. Children that fall behind early on experience more difficulty in making up the attainment gap, hence early intervention is needed.

The business sells into UK primary schools and directly to families and enables children who are falling behind to catch up.

Third Space Learning’s technology facilitates and records thousands of hours of teaching every week. This data provides unrivalled insight and enables the company to significantly augment the ability of its teacher community. Its proprietary MATR platform allows the company to offer this expertise at scale.

Matr is a proprietary online teaching platform that connects low cost, high quality tutoring supply from emerging countries to children in need in developed economies, making one-to-one learning affordable and scalable to reach the mass market.

© 2019 Nesta Nesta is a registered charity in England and Wales 1144091 and Scotland SC042833. Our main address is 58 Victoria Embankment, London, EC4Y 0DS. You can reach us by phone on 020 7438 2500 or drop us a line at information@nesta.org.uk.
All our work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, unless it says otherwise. We hope you find it useful.