philip lelyveld The world of entertainment technology

13Jan/20Off

Jolt raises $14.1M for its ‘pay-monthly’ business school

Jolt-foundersJolt, an education startup that describes itself as an alternative to traditional MBA courses, has raised $14.1 million in Series A funding.

The company plans to use the additional capital to continue expansion across the U.K. and Israel, and to enter the U.S. with a first campus in Manhattan. It currently operates three sites in London (Shoreditch, Soho and Liverpool Street), claiming to have more students than London Business School, and seven across Israel.

“Higher education is in a bubble in which trillions is being invested in something that works for a small minority of people,” says Jolt co-founder and CEO Roei Deutsch.

Jolt says its business courses are aimed at professionals with undergraduate degrees and at least two years work experience, or three years experience without a degree, who have typically reached a point in their career when they want up-skill in order to move up the career ladder or move into a new industry, but don’t want to put their life on hold to re-enter education.

With Jolt, students only accumulate (and pay for) the classes they need to build their own diploma, and if they don’t want to complete the full program, they don’t have to.

“Students sign up for lessons via the Jolt app and attend these lessons at their nearest campus,” explains Deutsch. “Lessons are offered outside of traditional working hours, largely in the evening, to help people study alongside their day job.

Deutsch describes Jolt’s instructors as “highly skilled professionals who are currently working for some of the world’s biggest and most innovative companies,” including Google, Netflix, TrustLab and others. “This ensures our curriculum is as up-to-date and as relevant as possible,” he says.

See the full story here: https://techcrunch.com/2020/01/13/jolt/

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