Oneday, a London-based education technology platform, has raised £2.5 million in a seed round of funding to help these entrepreneurs turn their passion into a business through expert-led coaching, community and content.
The round was co-led by BrightEye VC and Outward VC with participation from Flint Capital, and angel investors, including Joshua Wohle, CEO at Mindstone and co-founder of SuperAwesome.
With the new financing, the company plans to expand the team, accelerate product innovation and scale up growth.
Co-founded by Ranbir Arora and Taras Polischuk, Oneday provides aspiring entrepreneurs with ready-to-launch business ideas, it connects them with experienced business mentors and a squad of fellow founders and gives them all the coaching and tools they need to put their idea into action. The platform offers full membership at £249 per month to connect entrepreneurs with over 1,500 mentors.
Oneday is on a mission to create an alternative to university, for the 50% of society who are not born for corporate careers, and dream of being an entrepreneur, and loving what they do every day.
Speaking about the company, Co-founder and CEO of Oneday, Ranbir Arora, said:
"Today, the careers that we aspire to are all within the passion economy; as people are sat in their cubicles in large corporations, they’re saying ‘One day I’m going to launch my own makeup line, one day I’m going to launch my own music label, one day I’m going to become a YouTuber."
Arora further added:
"For corporate career paths, we have this massive higher education system that helps people get those careers. But nothing exists that helps get people into these passion economy careers that they dream of. That’s why we created Oneday, so we can help everyone create lives and careers that they love."
The startup works to accelerate adoption of passion-economy careers, making them more accessible and achievable for a wide proportion of society.
Responding to the latest move, Co-chair of Free Market Forum, Greg Smith MP, said:
"Following the 2008 financial crisis, a huge part of our economic recovery was down to individuals taking a risk, being entrepreneurial and starting new ventures. We need that same spirit to grow the U.K. economy following the damage Covid restrictions wreaked. The ambition for a million new businesses by 2025 needs to be encouraged."
According to the company, 51 percent of Oneday’s founders are female, whilst 56 percent are ethnic minorities. The startup had earlier secured £750,000 in pre-seed funding.