School Day announced closing a €1.1 million seed investment round led by Sparkmind.vc.
School Day, a Helsinki, Finland-based company building an AI-based solution for the educational system, announced the completion of a €1.1 million ($1.2M) capital investment round.
The funding round was led by Sparkmind VC and included contributions from Lifeline Ventures and angel investor John Martin, former CEO of Sanoma Learning. The investment will enable School Day to expand business development activity in key markets including the United States and grow their core team.
School Day, founded in 2017 and led by CEO Mika Kasanen, developed a software solution that measures and analyses realtime student survey data to enhance wellbeing, which is a key influence on learning outcomes. This provides teachers and school leaders with insights into their students' wellbeing and identifies areas for whole school improvement.
School Day has raised since their launch in 2017 a total of €2.0 million.