Canadian Adtech Hoot Reading raises 3 million to expand its online tuition platform

Hoot Reading, a Winnipeg-based online learning platform that offers 1: 1 reading lessons with experienced class teachers for children from pre-K to 8th grade, recently raised डी 3 million CAD in its seed funding round to promote the expansion of its online teaching. Platform

The round was led by Spin Master Ventures (SMV) and supported by all the early angel investors of Hoot Reading, including Greg and Jeff Fates of 24/7 Intouch and Neil Jaffe of Buknuk. This brings the total funding for Hoot Readings to 3.9 million.

With the fresh capital, the company plans to expand into new markets to meet the needs of minors and expand its new hut for the company’s corporate benefit.

Founded in 2017 by Maya Kotecha and Carly Schuler, Hoot Reading aims to “bridge the gap” on fourth-grade reading dropouts and help children build a lifelong love of learning. The platform connects children to live, one-on-one reading help with teachers via a video chat platform. It has a network of over 500 teachers, offering lessons based on a curated library of more than 2,000 texts for different reading levels.

Commenting on the fund, Maya Kotecha, co-founder and co-CEO of Hoot Reading, said:

“Parents are often shocked to learn that more than two-thirds of children are reading below grade level by the fourth grade आणि and the epidemic has exacerbated this problem. With this funding, we can grow our team and our platform to meet. The growing demand for our services.”

The company has delivered more than 100,000 online lessons since its launch in early 2018. During the epidemic, Hoot Reading claims to have seen a 10x increase, while turning to covid-inspired online learning. The startup aims to keep young leaders engaged and focused on increasing comprehension and flow.

Frederick Gunnerson, Global Head of Spin Master, said:

“With increasing cultural awareness and acceptance of virtual learning, or more specifically teaching, Hoot Reading has experienced impressive traction and exponential growth. We will benefit from Hoot’s in-depth knowledge of child education as we build our digital games education business and are delighted. One of the first investments. “

Hoot Reading is one of SMV’s first two strategic minority investments, as the fund has also invested in Stockholm-based mobile game development company Nordlight.

Earlier in August, the company launched Hoot for Companies (H4C), a corporate benefit that provides educational support to the children of working parents.

Hoot Reading had collected an undisclosed amount in 2016 in a seed round led by co.lab.

About the author

Author: Shalini Pathak

Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media and community. She has four years of experience in the media, covering various beats. Like all writers, she is first and foremost an avid reader with a passion for creating box outs and the ability to write on any topic. As part of the ETR team, it will include the latest in the Adtech industry.

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