StartupSmart<\/em>.<\/p>\n\u201cThis is exactly the case with ClassCover.<\/p>\n
\u201cFinding relief teachers are typically at very short notice and left to the principal, and ClassCover automates this process. Instead of having to pick up the phone 20-30 times, they can just click one button to find someone.\u201d<\/p>\n
He says schools are beginning to use the platform every day to find relief teachers, while the teachers are regularly updating their profiles and availability in order to find work.<\/p>\n
ClassCover doesn\u2019t take a cut from the teachers\u2019 salaries but charges a fee for schools to use the service.<\/p>\n
The cash injection will be used to fund ClassCover\u2019s expansion to the UK, where it launched on Monday.<\/p>\n
Shirben says the UK market is ripe for disruption.<\/p>\n
\u201cThe UK market is entirely dominated by agencies, and schools are paying hundreds of thousands of pounds each year for this service,\u201d he says.<\/p>\n
\u201cNow ClassCover comes in at nearly no cost for them.\u201d<\/p>\n
The funding will also be used to explore new opportunities and applications for the product, he says.<\/p>\n
\u201cThey have a lot of traction in the market already and there\u2019s a lot of interest from other countries and other verticals,\u201d Shirben says.<\/p>\n
\u201cThey\u2019re a company in the position where they have had to say no to a lot of opportunities to focus on the thing they have to deliver. This new funding will mean they\u2019re able to explore more opportunities.\u201d<\/p>\n
While it took Follow[the]Seed almost a year to make its first investment, there are now 12 more in the works, with two commitments, he says.<\/p>\n
\u201cBy the end of the year we\u2019ll have announced another five or six investments,\u201d Shirben says.<\/p>\n
\u201cWe\u2019re picking up the pace now.\u201d<\/p>\n
Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, <\/em>LinkedIn.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Algorithm-led $50 million VC fund Follow[the]Seed has made its first ever investment, pouring $600,000 into Sydney startup ClassCover. Follow[the]Seed launched<\/p>\n","protected":false},"author":2,"featured_media":59203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44534"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=44534"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59203"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}