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Upgrade Education, a leading EdTech platform offering personalized mentoring for admission to the world’s top universities, has recently completed a €200,000 investment in the new online mentoring platform Agora. The company said that Agora allows students to access courses anytime, plan mentoring sessions, complete homework assignments, and assess their knowledge after completing a course through model surveys developed to boost students’ progress.
Upgrade builds long-term relationships with its students and, in the process, creates tight-knit communities of like-minded, passionate people who all help each other out. The platform takes students from high school to their university application to their first year of undergraduate studies. The startup claims to have been used by more than 500 students and over 150 mentors.
Speaking about the platform, Founder of Upgrade Education, Constantin Bosinceanu, said:
Upgrade is today at its highest performing point. The Agora platform is live and stable. In the next version, which will be ready by the end of the year, we are preparing to integrate a module based on Artificial Intelligence, open it up, and capitalize on resources through a subscription module.
He further added:
Since the beginning of this year, we have been working intensively on international expansion, and this quarter we managed to generate approximately 15% of revenue from students who are not from Romania. Our business model is based on mentors who have studied the same subject and at the same university to which the student wants to apply, therefore, by the end of the year, we aim for at least 30% of the revenue to come from the international area and also, in addition to Romania, the opening of a local office in another country in Europe.
According to internal statistics, more than 15,000 Romanian students travel annually to universities across the European Union, the UK, and the USA. The market is valued at over €5 million, but the EU is 100 times bigger – about €503 million. In 2022, most of the Romanian students who used Upgrade Education services were interested in Business & Management (30%), Computer Science (27%), and Law (11%).
Upgrade Education was launched in 2017. It offers personalized mentoring for admission, career counseling, SAT preparation, Creative Writing or any other specific exam practiced by the top 150 universities in the world, from Europe, the UK, and the US. It attracted a first round of investment at the end of 2021, worth around EUR 350,000, with the objective of digitizing personalized training through an online platform.
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