SupplyWell, an EdTech firm based in Liverpool, is on a mission to create a more equitable future for teachers, schools, and students. The company recently raised $1.23 million (£1 million) in a funding round, which will be used to enhance the platform’s features and expand its service options.
Founded in 2019 by former teacher Michael Heverin, recruitment specialist Raina Heverin, and marketer and technologist Dan Price, SupplyWell strives to ensure that teachers get adequate salaries while saving schools money. With its algorithms, the company is able to match the right teacher, teaching assistant, or cover supervisor with an appropriate institution. As compared to traditional private sector supply teacher recruitment businesses, which can take up to 50% in fees, SupplyWell offers a much more cost-effective solution.
Speaking about the company, Co-founder & CEO of SupplyWell, Michael Heverin, said: “This investment allows us to scale into new regions, bringing real solutions to schools beyond the Liverpool City Region. It will help us help school leaders make their budgets go further through predictive data and add real value to their students’ outcomes and the wider school community. At the same time, we can create more consistent, flexible and better-paid job opportunities for teachers.”
Currently, SupplyWell has over 20 employees and works with around 70 schools, primarily in the Liverpool city region. This new investment will help the firm expand further in the UK, now in Manchester and Cardiff, and provide teachers across the country with a more cost-effective and efficient recruitment solution. The startup received £500,000 in investment in July 2021 from the Liverpool-based MSIF and £500,000 from the Development Bank of Wales (DWB) in October 2022.
