Compound learning startup Mindstone said it has closed a $2.2 million seed round led by Moonfire Ventures. The Fund, Zanichelli Venture & Nex.D also participated in the round, as well as a series of angels including former co-founders at SuperAwesome.
Mindstone which focuses on compound learning, a concept rooted in increasing the connections between new and existing knowledge to help learn faster and remember more said that the new fund will be used for product innovation and growth.
The platform lets users organise, share and take notes on web pages, PDFs and academic papers easily so you can learn faster, remember better and get more done.
The team is led by Joshua Wöhle, who has been actively investing in edtech for a few years (LP & VP @ Emerge Education) and previously co-founded SuperAwesome, which was recently acquired by Epic Games (the creators of Fortnite).
“We are moving to a world of continuous learning but the tools to help us do this are insufficient. Mindstone are reinventing the learning process rather than simply shifting offline classroom experience online but aim to use online first solutions that also receive the benefit of the power of the crowds,” said Mattias Ljungman of Moonfire Ventures.
Joshua Wohle said: “We are determined to close the gap that 200 years of education systems have yet to fill: how we learn. At Mindstone, we don't represent an establishment or an institution. We only represent the learner.”
Mindstone, headquartered in London, is currently being used by students and professionals wanting to accelerate their own learning, as well as institutions as diverse as Techstars to build courses on scaling early-stage companies and Queen's College London to facilitate group work during distance learning.
“We tested Mindstone with the Techstars London batch this year – sharing relevant articles and content week by week during the program. It was incredibly helpful to be able to annotate things and have reminders and notifications sent to the founders to keep them updated with articles that were useful for them at that specific moment of the program,” said Eamonn Carey, Managing Director at Techstars.