COBALT advised CoInvest Capital on investing in a teachers learning start-up Teachers Lead Tech

2020 - 12 - 09

COBALT advised the venture capital fund CoInvest Capital which, together with a team of business angels, invested in a Lithuanian-developed technological literacy and creativity learning platform for primary school teachers. The start-up Teachers Lead Tech aims to introduce technological creativity skills in schools and helps teachers master new technologies and pass these skills on to children.

Teachers Lead Tech plans to use the received investment for product development, marketing and research as well as data modeling.

In the Teachers Lead Tech learning platform, teachers gain access to a consistent and personalized learning pathway for both beginners and advanced ones. In addition, the platform provides teachers with content that combines a variety of technological creative practices with classroom teaching topics. For example,  math topics are explored with the help of 3D modeling, foreign languages are learned through programming, and ecosystems are introduced through virtual reality. Teachers develop their technological creativity skills by gaining access to regular virtual sessions, during which they learn with the help of professional technologists.

“In a report The Future of Jobs (2020), The World Economic Forumpredicts that 85 million existing jobs will be replaced by artificial intelligence and similar automated solutions by 2025, and that 97 million new jobs will be created through technology. Obviously, we live in an age of extremely rapid technological change, so we want to contribute to the growth of leaders in new technological solutions. We believe in the Teachers Lead Tech team and the relevance of the problem being solved,” said Jonas Vitkauskas, Investment Analyst at CoInvest Capital.

The goal of the start-up founders is to reach one million primary school teachers worldwide and 20 million young creative technologists – children – by 2025.

COBALT advised on the structuring of the transaction, drafted transaction documentation, represented CoInvest Capital in negotiations, conducted legal due diligence and advised on other transaction-related matters. COBALT team was comprised of Partner Akvilė Bosaitė and Associate Robertas Grabys.

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