Technology

Oneday announces £2.5m seed funding to help entrepreneurs turn their passion into a business

Oneday, a new EdTech platform helping aspiring entrepreneurs turn their passion into a business through expert-led coaching, community and content, has launched today with seed funding of £2.5million.

The seed funding round was co-led by BrightEye VC, a leading venture capital firm in the EdTech space, and Outward VC, the renowned venture capital firm focused on early-stage fintech startups in the UK and Europe. Also participating in the funding round were Flint Capital and well-known angel investors, including Joshua Wohle, CEO of Mindstone and co-founder of SuperAwesome.

The investment will be used to expand the team, accelerate product innovation and drive growth.

Previously, Oneday secured £750,000 in upfront funding with its mission to create an alternative education system for half of society not born for entrepreneurial careers or dreaming of becoming entrepreneurs.

According to a recent survey, nearly a third of UK workers are considering a job change in 2022, but what’s even more interesting is that in 2021, ‘how to start a business’ was searched more often than ‘how to get a job’.

Oneday works by providing aspiring entrepreneurs with ideas that are ready to launch, pairing them with highly successful CEOs as mentors, a community of fellow founders, and all the content and tools they need to launch and fund their business. It was co-founded by Ranbir Arora and Taras Polischuk, both formerly of Sweatcoin, the health and fitness fintech app, and now CEO and COO of Oneday, respectively.

Oneday is also committed to diversity and making entrepreneurship more accessible to everyone, regardless of gender, ethnicity or background. In fact, 51 percent of Oneday’s founders are female, while 56 percent are from ethnic minorities.

Greg Smith MP, Co-Chair of the Free Market Forum called:

“After the 2008 financial crisis, much of our economic recovery came about as individuals took risks, acted entrepreneurially and started new ventures. We need the same spirit to keep the UK economy growing after the damage caused by Covid restrictions. The quest for one million new businesses by 2025 is to be encouraged, and I wish OneDay well in its quest to secure that entrepreneurial spirit and momentum.”

Ranbir Arora, CEO and co-founder of OnedayRemarks:

“Today, the careers we aspire to are all in passion economics; When people at big companies sit in their offices, they say, “One day I’ll launch my own makeup line, one day I’ll launch my own music label, one day I’ll become one.” YouTuber.

For corporate career paths, we have this huge higher education system that helps people achieve those careers. But there’s nothing helping people get into those passion economy careers they dream of. That’s why we created Oneday, so we can help everyone create a life and career they love.”

At a fraction of the price of a university, Oneday membership connects entrepreneurs with the experience, network and tools to grow their dream business. With over 1,500 mentors; Company founders, CEOs, executives, marketing directors, product managers and more, it already has several success stories including Jake Casson who founded the fintech company Monet. Jake onboarded 7,000 beta users and raised £550,000 with the help of his Oneday mentor.

Ben Wirz, Partner at Brighteye:

“Oneday combines world-class learning practices with an incredible community of mentors to provide entrepreneurs with useful, structured feedback on ideation, go-to-market and growth – it’s a critical step in entrepreneurship education and we’re excited to be a part of it.”

Kevin Chong, Co-Head at Outward VCRemarks:

“Having backed dozens of startups over the years, I’ve seen firsthand the value a good mentor can bring to an entrepreneur. But I’ve also seen how that relationship didn’t work when expectations weren’t aligned and meeting with mentors quickly felt like a chore.

“One day changes all of that by formalizing the coaching process. Our hope and one of the reasons for our investment is that in the not too distant future, Oneday may be a viable and much more affordable alternative to higher education.”

Jake Casson, CEO at Monet & Oneday member:

“The Oneday community has changed lives. I had a great experience with my mentor James. Not only was his advice extremely impactful for my business, he even helped me close a pre-seed round of funding!”

About a day:

Full membership to Oneday starts at £249 per month. More information can be found here: https://www.oneday.io/pricing

https://techround.co.uk/news/oneday-announces-2-5m-seed-funding/?utm_source=rss&utm_medium=rss&utm_campaign=oneday-announces-2-5m-seed-funding Oneday announces £2.5m seed funding to help entrepreneurs turn their passion into a business

Fry Electronics Team

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