We are proud to announce that we have secured a £1m loan to support the growth of Solutionpath’s student engagement technology, helping to get ever closer to fulfilling our mission to develop products that help every student realise their potential.
The funding will help to scale operations and further develop the technology through innovation, creating new jobs for the sector and the region over the next few years. This comes at a significant time whereby education has made the switch online, meaning universities need now more than ever a better understanding of how their students are engaging in order to provide increased, personalised support that helps all students to succeed.
Richard Gascoigne, CEO of Solutionpath, said: “Understanding student engagement and ensuring they have the right support has always been difficult for universities, but at a time when learning is moving online and students are spending more time alone, it is even more important. Solutionpath provides real-time feedback on how new practices are being received and enables them to spot vulnerable students or those at risk of dropping out.”
The £1m includes funding from the NPIF – Mercia Debt Fund, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and an equal amount from Mercia’s SME Loans fund.
Chris Pestell and David Wright of Mercia worked on the transaction. Pestell said “Solutionpath addresses two of the biggest challenges facing universities today – student wellbeing and success rates. Experience has shown that by identifying warning signs, they can take action to improve outcomes. The funding will allow more universities to benefit from this technology and help the company achieve its growth plans.”
David Cole, Chief Commercial Officer and Nicola Sharp, Chief Finance Officer who were both instrumental in securing the funding will work alongside Richard Gascoigne, CEO at Solutionpath to drive the expansion. We have exciting times ahead both as a company but also through working in partnership with our growing user community – stay tuned!
We are proud to announce that we have secured a £1m loan to support the growth of Solutionpath’s student engagement technology, helping to get ever closer to fulfilling our mission to develop products that help every student realise their potential. The funding will help to scale operations and further develop the technology through innovation, creating […]
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