Innovation Birmingham Campus-based WAMBIZ, a start-up tackling the issue of student retention in further education, has secured over £600,000 of angel investment following its latest round of funding.
The business creates VENs (virtual engagement networks), which connect students with educators to deliver crucial course and student information via a channel they will regularly use.
Co-founded by Harry Jawanda and Andrew West – who met when playing hockey for England, the private social networks created by WAMBiz provide a safe means for students to connect, communicate and collaborate with peers, teachers and institutions in an engaging, yet controlled way.
The investment was made by Allan Murdoch, the former Executive Chairman of HIPCOM, a leading telecoms provider, who has created a consortium of investors to back new tech start-ups.
The group has already invested in such companies as Forge Special Projects which delivers technology to festivals and events, Stylect a shoe app and Shareight which creates a virtual high street on your mobile.
Harry Jawanda CEO and co-founder of WAMBIZ said:
“Institutions are losing millions in funding each year through students dropping out within the first three months of the school year. Much of this is down to a lack of initial engagement between the student and teachers and institutions. WAMedu offers a solution and bridges that gap. We help build engagement between these audiences through our understanding of how social networks have changed the way we all communicate. “
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