Italian edtech startup that develops artificial intelligence models to revolutionise the study process, Futura has raised €1.8 million in funding to create personalised and adaptive learning paths.
The round saw the participation of United Ventures as lead investor and Exor Seeds, Ithaca Investments, LVenture Group and angel investors, including Luca Ascani (Accel scout), Matteo De Brabant (founder of Jakala) and Attilio Mazzilli (partner at Orrick).
Founded by Andrea Chirolli, Francesco Salvatore and Lorenzo Pinto, the platform aims to make the private tutoring experience accessible to everyone. The educational content is curated by the company and then expanded with user-generated additions. The AI-based platform optimises the study time and test scores by learning from past mistakes and targeting weak points with modular classes that adapt to students’ individual needs.
Going forward, the startup mulls expansion by hiring new talents and investing in the development of technologies to democratise learning. According to the company, in less than two years it has over 1500 users and is growing at an average of 20% month over month.
Andrea Chirolli, co-founder of Futura said: “We want to overcome the economic barrier that often prevents students from accessing top-quality learning and deliver personalised learning experiences across the globe.”