Futura: revolutionising learning with record investments in EdTech
Futura, a promising Italian start-up in the field of education technology (EdTech), recently announced the completion of a EUR 14 million Series A investment round. This injection of funds, led by the French fund Eurazeo together with United Ventures, Axon Partners Group and renowned tech entrepreneurs such as Dario Brignone, Alberto Dalmasso and Alessandro Fracassi, marks an important milestone in the Italian education investment landscape.
Origins and Mission of Futura
Futura was born in 2020 from the initiative of Andrea Chirolli, Francesco Salvatore and Lorenzo Pinto, three young and innovative minds included in the prestigious Forbes Italy Under 30 list in 2023. The startup stands out for its ambitious mission: to improve student learning through the application of artificial intelligence models that personalise study processes and optimise learning trajectories. Thanks to the Futura platform, students are 3.5 times more likely to pass tests than traditional methods.
Expansion and Future Goals
After an initial seed round of EUR 1.8 million in 2022, Futura has experienced rapid growth, tripling revenues year after year. With the new funding, the company aims to expand across Europe and develop new products and business lines, focusing beyond medical school entrance test preparation. Futura’s ambition is to become the leading European EdTech player and the next Italian unicorn in the education sector.
Use of Funds and Future Prospects
Futura stated that the funds raised will be used to enhance its technology platform and further invest in artificial intelligence. The company also plans to expand into new lines of business and increase its presence in Europe. To achieve these goals, Futura plans to double the size of its team over the next year, with a focus on growth in Italy and Spain.
In an ever-changing educational landscape, Futura stands as a beacon of innovation and hope for the students of today and tomorrow. With an unwavering focus on artificial intelligence and the individualisation of learning, this Italian startup is making strides towards creating a future where quality education is accessible to everyone, everywhere.