Nordic venture capital company Sparkmind.vc has led a €900,000 pre-seed funding round for Freeed.com, the Finland-based teacher platform facilitating peer-to-peer support and professional development of teachers. This is the 8th investment for Sparkmind.vc’s €55m learning-focused venture capital fund.
Other investors of the round include Supercell CEO Ilkka Paananen, angel investor Jouni Utriainen and Freeed founder Touko Tahkokallio, as well as other undisclosed institutional and private investors. The round also includes a €235,000 R&D loan from Business Finland.
Freeed.com has proved popularity among Finnish teachers and educational professionals with a promising start on the international markets. The pre-seed funding will enable Freeed.com to further expand its geographical market focus in selected European countries, and grow its core team.
Heikki Rusama, Freeed.com CEO, commented: “Our mission at Freeed.com is to improve the quality of education by connecting teachers. Based on their shared knowledge teachers can learn from each other and together find new ways to make education better. We’re excited to start a new chapter in our journey with the help of Sparkmind.vc. This new investment allows us to expand into new markets and serve our growing teacher community even better.”
Kai Talas of Sparkmind.vc commented: “As K12 education is digitalizing, we see the demand for teacher’s professional development hitting new hights. Being a 100% teacher focused online discovery platform for best practices, resources and products, Freeed.com’s community driven platform offers a very compelling solution for this global need. We are also very impressed by the multidisciplinary team and the momentum the company has generated.”