PORTFOLIO COMPANY
Springpod
Bringing careers advice into the 21st century with virtual tasters of university courses, apprenticeships and jobs
- Springpod’s high-profile companies include Airbus, Vodafone and the NHS
- Co-founder Oliver Fisher left school at 16 to work as a digital marketing apprentice
- Springpod’s services are available for the ages of 13 to 24
- The company was founded in 2016 and is based in London
- Currently, 1 in 2 people drop out of apprenticeships in the UK
The inside story
Springpod has changed the face of careers advice forever. Users – whether they are considering a career or a university course – get the option to try before they apply by sampling their course or career path virtually in an immersive experience powered by Netflix-quality videos and interactive exercises.
The edtech platform is the UK’s leading experiential learning provider for young people over 400,000 of whom already have accounts. It can also point to both a startling success rate in lifting confidence among its users and a strongly diverse take-up with 45% identifying as BAME and 63% female.
Why we chose to invest and how it added value
Springpod is one of our most recent investments (May 2023) and we were impressed by its management team and the clarity of its vision, recognising that careers advice in the UK has traditionally been a bad joke and the further down the social ladder a person finds themselves, the harder it is to access relevant experience.
With a third of UK universities on board and over 300 companies, we feel Springpod is in an excellent position to expand internationally as well as consolidate at home. We also like the business model where revenue comes primarily from universities and employers rather than users and feel this adds greatly to its ability to positively impact social mobility.
Tell us what you are building
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