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Zen Educate raises $37M and acquires Aquinas Education to address teacher shortage

teach zenan online marketplace that connects schools and teachers, has raised $37 million in a Series B round.

This raise is Teacher shortage crisis worsens both side of pond,Recent report The ADP Institute report notes that the global pandemic has exacerbated existing demand-supply imbalances due to “wage stagnation and stressful working conditions.”

Founded in London in 2017, Zen Educate uses analog workflows and provides an alternative to traditional third-party recruitment agencies, which often charge exorbitant fees. Zen Educate digitizes everything through a self-service platform, removing expensive middlemen from the equation of the process. Through the platform, teachers and schools create profiles and Zen Educate can automatically match the two entities based on compatibility. This uses data such as proximity, skills, and experience, among other priorities.

Schools can use Zen Educate to hire for full-time positions, but teachers can also use it to easily find temporary or temporary positions. Part-time roles that suit your lifestyle.

“As with all sectors, educators are looking for more flexibility in their work, which is why there is a growing need for flexible working solutions like Zen Educate in education settings,” said Zen Educate Co-Founder. CEO and CEO Slava Kremerman told TechCrunch.

Additionally, Zen Educate promises higher salaries with fewer commissions than existing agencies.

“The average adoption rate for established industries is 35 to 38 percent,” Kremerman says. “We’re a little over half of that. As a result, teachers earn more and schools save money.”

zen education app
Image credits: teach zen

expansion

Zen Educate raised $21 million in a Series A round at the end of 2022 to expand into the US market after a soft launch in Minneapolis. The company currently operates across 11 regions in England, as well as four states – Texas, Colorado, California and Arizona – and more than 15% of its 300 employees are now based in the US.

“Since our soft launch in Minneapolis, we are now the second largest provider in the state,” Kremerman said. “We have him working across five states, and he works with nine of the top 200 largest school districts in the United States.”

Kremerman also said the technology-based approach helped the company adapt to the different regulatory environment in the United States.

“Licensing is determined state by state, but England and Wales have standardized national standards,” Kremermann said. “Many traditional staffing agencies struggle with this, but we are able to quickly adapt and deploy across states using credentialing technology.”

The company said it has another $37 million in the bank and plans to expand into more markets in the US and UK and launch new software for school administrators. This includes adding tools to school personnel management software for credentialing, compliance, and authentication. Absence management.

In addition, Zen Educate has strengthened its resources through acquisitions, today announcing its second acquisition in its history: a teacher staffing company. aquinas education.The company said it intended to complete several more acquisitions in both the U.S. and the U.K.

Notably, Aquinas Education counts a former professional soccer player turned television presenter. Jermaine Jenas Following this acquisition, Jenas joined Zen Educate as a brand ambassador.

Zen Educate’s Series B round was led by Round2 Capital with participation from Adjuvo, Brighteye Ventures, FJ Labs, Ascension Ventures, and several angels.


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