Mindstone raises £1.45m in largest edtech crowdfunding campaign to date

Mindstone, an edtech platform rethinking online education to help people learn faster and remember more, has raised £1.45m through a crowdfunding campaign, making this the largest edtech crowdfunding campaign to date on Seedrs.

Commitments to the campaign came from Moonfire Ventures founder Mattias Ljungman – who is backing the company to join Klarna, Viagogo, Peakon, and ClimateCorp as unicorns he funded at the earliest stages. The campaign also received investment from impact investment fund Mustard Seed Maze, Techstars managing director Eamonn Carey, US VC Scout Fund, Zanichelli Venture and Andrew Gault, founding partner of 7percent Ventures.

Founded in 2020, Mindstone is the next venture from CEO Joshua Wohle following the acquisition of his previous startup – SuperAwesome, the biggest online child safety company in the world – by Epic Games earlier the same year. By rigorously employing the science of learning, Mindstone has built an edtech platform that allows experts from all walks of life to create engaging courses, built using the best pre-existing online articles, podcasts, and videos, helping people learn faster and remember more about a wide range of topics, from Astrophysics to Zoology.

Speaking about his vision for Mindstone and the backing from leading investors in supporting the crowdfunding campaign, founder and CEO Joshua Wohle said: “Online education is broken. Providers and courses too often simply replicate traditional in-person teaching methods in an online environment, and are typically bound to static, one-size-fits-all curricula. We are rethinking online education from the ground up to solve this problem. The Internet is the greatest knowledge bank in human history, and our platform makes it as easy for anyone to build a course from existing high-quality online material as it is to curate a playlist on Spotify. Meanwhile, our compound learning approach – course content evolves based on questions and feedback from learners to continuously enhance the experience – puts learners themselves at the heart of everything, as they should be.

“To have investors of the calibre of Mattias and Eamonn come on board at this early stage is a huge vote of confidence in the importance of what we’re doing here and the ability of the team to deliver the impact we know will result if we succeed. We are also delighted to have impact investment fund Mustard Seed Maze are also supporting the campaign, who back businesses looking to create compelling societal and financial returns. Mindstone is all about democratising access to learning and teaching, so a crowdfunding campaign at this stage made perfect sense”