Third Space Learning | Good Finance

Third Space Learning

THIRD SPACE LEARNING

Third Space Learning is using technology to tackle underacheivement in maths. It used social investment to grow its social business.

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Duration 
Equity
Cost of capital 
Equity
Turnover 
£500,000
Amount invested 
£750,000
Product 
Equity investment

Last year the children made superb progress, so this year we’ve put 20 children into Third Space and it’s been ideal.

       Rush Green Primary School

Problem 

There is a significant inequality gap in the UK education system, with children from deprived backgrounds far more likely to fail educationally than their better-off peers.

Solution 

Third Space uses technology to radically change the supply of academic talent in our education system, connecting graduates and teachers from around the world to children in schools across the UK, providing specialist one-to-one support for students at risk of failure.

Revenue model 

Schools purchase programmes for individual students, with all sessions taking place in school in addition to normal maths lessons.

Impact

Improving the numeracy skills of disadvantaged children means they are more likely to succeed in primary and secondary education, as well as being more likely to secure employment, training or further education when they leave school.

Third Space Learning has an innovative model to tackle the underachievement of children from deprived backgrounds. Their technology platform connects global numeracy experts with children in classrooms across the UK. It’s a forward-thinking business with a fantastic social impact which appealed to me straight away.

       Meganne Houghton-Berry, Clearly Social Angel investor