Edtech company Futura announced today that it has successfully raised €14 million in Series A funding.
Founded in 2020, Futura has developed an innovative algorithm that personalises and optimises students' learning trajectories. The algorithm replicates the experience of working with a highly skilled private professor. Students using Futura have a 3.5 times higher chance of passing tests than traditional learning methods.
The company views AI as a game-changer in the edtech space. It enables personalised learning at scale and at an affordable price, thereby making education more accessible to all.
To further enhance the learning experience, Futura has developed "Alice", an AI-powered virtual tutor that uses large-language models to generate customised explanations and learning materials tailored to each student's level, knowledge, and learning style.
The round was led by Eurazeo, with participation from existing investor United Ventures and new investor Axon Partners Group. This funding will enable Futura to accelerate its mission of making the world learn faster.
According to Alexandre Dewez, Vice-President at Eurazeo:
"We're convinced that Futura provides a value-added solution for the entire education ecosystem in Italy. We're thrilled to partner with Andrea, Lorenzo, Francesco and the rest of the Futura team, leveraging its unique AI capabilities to build the next education leader in Europe."
Futura plans to use the acquired funding to further invest in their technology and AI, expand into new business lines and grow their team across Europe — the startup explicitly targets international hires.
Lead image: Futura founding team: Lorenzo Pinto (Co-Founder & CTO); Andrea Chirolli (Co-Founder & CEO); Francesco Salvatore (Co-Founder & CPO); Remko Wiesman (COO). Photo: uncredited.
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