Teacher Booker Nearing Funding Completion with Growthdeck

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Growthdeck Ltd.

25 July 2019

Teacher Booker, one of the UK’s most exciting EdTech businesses, is now nearing funding completion on the Growthdeck platform, with a final close being targeted for the end of July.

Teacher Booker aims to completely change the current paradigm in school staffing in the UK, with a solution that does not currently exist in the market. Its technology platform (built and operated by Vesca Ltd) provides schools with a powerful tool that enables them to manage all staff administration, but particularly the urgent need for contracting supply teachers at very short notice, which is currently provided inefficiently and expensively by recruitment agencies. It makes the process of sourcing and managing high quality, vetted teachers and support staff far more efficient and transparent, and it has the potential to save schools 90% on their agency spend.

Teacher Booker is already implemented in schools across London and it has now agreed terms with several key educational introducers, opening up access to thousands more schools across the UK, and dedicated staff are already being trained to onboard teachers to the platform and promote its features.

Teacher Booker is progressing rapidly as a business and is generating increasing interest. The opportunity is expected to be EIS-qualifying – giving qualifying investors 30% initial income tax relief and potentially tax-free gains on an exit – and it is available in units of £5,000. We expect it to close by the end of the month – please see the Growthdeck website for more information.

 

Your capital is at risk if you invest through Growthdeck Limited. Investing in start-ups and early stage businesses involves risks, including illiquidity (the inability to sell assets quickly or without substantial loss in value), lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. There is no secondary market available meaning that these securities are illiquid. As a result, it is possible you may lose all of your capital. The tax treatment of this business depends on the individual circumstances of each investor and may be subject to change. Past performance and forecasts are not indicative of future performance.

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