Futura, a cutting-edge education company powered by AI, proudly announced today that it has secured a substantial €14 million in Series A funding. This significant investment round was spearheaded by Eurazeo, with contributions from existing investor United Ventures and new investor Axon Partners Group. With this infusion of funds, Futura is poised to accelerate its mission of revolutionizing the learning experience worldwide.
Founded in 2020 by Andrea Chirolli, Francesco Salvatore, and Lorenzo Pinto, Futura has pioneered an innovative algorithm designed to personalize and optimize students’ learning journeys. This groundbreaking algorithm mirrors the effectiveness of one-on-one tutoring with expert educators, resulting in remarkable academic achievements. Students utilizing Futura’s platform have demonstrated a staggering 3.5 times higher likelihood of passing exams compared to traditional learning methods.
Since securing €1.8 million in seed funding back in 2022, Futura has experienced exponential growth, with revenues tripling annually and achieving profitability. Buoyed by the recent €14 million Series A funding, Futura is poised to expand its footprint across Europe and diversify its product offerings beyond its initial focus on medical school entrance exam preparation. The company aspires to attain unicorn status, becoming the next big success story in Italy’s burgeoning tech scene.
Futura’s vision is deeply rooted in the belief that traditional educational paradigms are antiquated and ill-equipped to harness the full potential of modern technology. Leveraging the power of AI, Futura aims to democratize education by offering personalized learning experiences on a scalable and affordable platform, thus making quality education accessible to all. Futura’s groundbreaking algorithm dynamically tailors learning strategies to suit each student’s unique needs, ensuring optimal outcomes for all learners.
Moreover, Futura’s algorithm streamlines customer support by automatically addressing student queries, enhancing efficiency and responsiveness. To further enrich the learning journey, Futura has introduced “Alice,” an AI-powered virtual tutor that leverages advanced language models to deliver bespoke explanations and learning materials tailored to each student’s proficiency level, knowledge base, and preferred learning style.
Futura is confident that its innovative solutions will revolutionize the education landscape, empowering the next generation of learners to accelerate their learning trajectory. Positioned at the forefront of the edtech revolution, Futura is poised to usher in a new era of personalized, efficient, and inclusive education for learners worldwide.
The newly secured funding will enable Futura to bolster its technological capabilities, expand into new market segments, and scale its operations across Europe. The company is committed to cultivating top-tier talent and plans to double its team size within the year, with a particular focus on recruitment in Italy and Spain.
Recognizing the value of diversity and international perspectives, Futura actively seeks to attract talent from around the globe. The company’s inclusive approach to hiring has already yielded positive results, with team members hailing from diverse cultural backgrounds contributing to Futura’s success.
Reflecting on the company’s growth trajectory, co-founder Andrea Chirolli emphasized Futura’s unwavering commitment to excellence and camaraderie among its team members. “Our success is driven by our exceptional team, whose dedication and collaboration set us apart. At Futura, we uphold the highest standards while fostering a supportive and inclusive work environment,” Chirolli remarked.
Eurazeo Vice-President Alexandre Dewez expressed enthusiasm for the partnership, highlighting Futura’s innovative approach to education and its potential to become a leader in the European edtech landscape. Similarly, United Ventures co-founder and managing partner Paolo Gesess commended Futura’s transformative impact on education and pledged continued support for its ambitious vision.
Manuel Monge, Investment Manager at Axon Partners Group, echoed these sentiments, expressing excitement about collaborating with Futura to reshape the future of education in Europe. Together, they embark on a shared journey to propel Futura to new heights and empower countless students to achieve academic excellence.
