Budapest-based edtech startup Voovo, which transforms educational content into personalized, gamified learning experiences, has raised $500,000 in a pre-seed funding round led by Techstars, with additional backing from OUVC, STRT Holding Nyrt., and Peter Csillag.
- Founded in 2022 by Benedek Szilágyi, Christopher Gyurka, and Benedek Hermán, Voovo develops an educational platform that enables users to create flashcards from anatomy diagrams, textbooks, and notes in under 30 seconds. This innovative approach enhances long-term retention and accelerates learning in preparation for exams.
- Voovo aims to assist students and educational institutions in implementing scientifically proven learning methods, such as active recall, spaced repetition, and micro-learning, to improve educational outcomes.
- The startup has served over 100,000 students in more than 180 countries, enabling them to create over 100 flashcards in under a minute and learn 3.2 times faster using advanced study algorithms.
Details of the deal
- The pre-seed round was led by Techstars, an active pre-seed investor assisting startups with funding, mentoring, getting customers, hiring process, and choosing the right infrastructure.
- The investment was also backed by Budapest-based OUVC, a firm that invests in early-stage tech startups, as well as Budapest VC STRT Holding Nyrt., and Peter Csillag, an angel investor and President of the Board of the Hungarian Business Angel Network.
"This investment allows us to accelerate our mission of revolutionizing education by integrating spaced repetition and microlearning into the education system," Voovo's team, commented on LinkedIn.
- The pre-seed funds will be used to accelerate product development and user acquisition in Central and Eastern Europe. Voovo aims to expand its presence in classrooms throughout Hungary and Europe by enhancing its analytics and reporting capabilities, refining its platform based on user feedback, and strengthening connections with school curriculums.
