@jolt_io – the flexible business school offering affordable alternatives to traditional MBA courses – has raised a further $14.1 million, led by Balderton Capital, to help professionals further their careers through its revolutionary education programs. This takes its total raised to $23.3 million. 


Since launching its first campus just two years ago, Jolt now has three sites in London in Shoreditch, Soho and Liverpool Street, seven across Israel and is finalising plans to launch campuses in Manhattan in 2020. 


In London alone, Jolt is now bigger than London Business School in terms of student numbers, with enrollments growing 25% month-on-month while being 18 times cheaper.

 

  • Jolt offers affordable, flexible business courses for professionals looking to switch or further their careers 

  • Its programs are alternatives to expensive higher education MBA courses from traditional higher education institutions 

  • Lessons and workshops are run out of hours in co-working spaces and are taught by the brightest business brains from Google, Netflix, Tesla and more

  • An average MBA course costs £30,000 in the UK – Jolt’s full program costs £4,500, or students can choose to only pay for the classes they want

  • In just two years, Jolt has surpassed London Business School in terms of student numbers while being a staggering 18 times cheaper

  • The firm has raised a total $23.3 million in funding and will use it to further Jolt’s expansion across the UK, Israel and into the US


Jolt was founded in 2015 by entrepreneurs Roei Deutsch, Nitzan Cohen-Arazi and Nadav Leshem. Disillusioned by the current higher education system bubble and falling student numbers, the trio used past experiences in alternative training and education programs to launch Jolt’s live video courses marketplace in 2016. 


A year later, Jolt opened its first student campus in Tel-Aviv, providing affordable and flexible alternative diplomas to the expensive, stilted MBAs offered by traditional educational institutions. Each of Jolt’s campuses provide high-end, live video lessons and workshops run by the very best global business leaders from the likes of Google, Netflix and Tesla. 


Its courses are aimed at professionals with undergraduate degrees and at least two years’ experience, or three years experience without a degree, who have typically reached a point in their career when they want to learn new skills, move up the career ladder, or move into a new industry but do not want to put their lives on hold for learning. 


“Higher education is in a bubble in which a staggering $2.3 trillion is invested every year in something that works for a small minority of people,” said Jolt CEO Roei Deutsch. “Data shows more than three quarters of graduates believe many higher education programs are no longer fit for purpose; trust and confidence in academia has nosedived in recent years, and the number of applications for MBA courses across most major establishments has fallen.”


“Society is clearly ready for an alternative – an alternative that will happen, with or without us.” 


Not just another online video course provider


Jolt believes a true alternative to the current higher education system would have the networking opportunity, credentials and opportunity to learn life skills that come from completing traditional academic degrees and will not simply be an online version of the lecture hall and seminar room.


Instead of investing in costly infrastructure, Jolt builds interactive, engaging futuristic classrooms within existing co-working spaces. It uses technology to connect lecturers from all over the world to its students, via live video and the Jolt app. Lessons are offered outside of working hours, meaning students can complete their studies without having to cut their earnings, and all of this means Jolt is cheaper than traditional higher education courses.   


A Jolt NAMBA (Not an MBA) program, for instance, costs £175 a month, or £4,500 in total. This is more than six times cheaper than traditional UK MBAs, which average a whopping £30,000 and a staggering 18 times cheaper than London Business School. This is before you factor in the loss of earnings caused by traditional, inflexible two or one-year courses.


With Jolt, students only accumulate (and pay for) the classes they need to do to build their own diploma and if they don’t want to complete the full program, they don’t have to. The lessons additionally revolve around the practical application of skills, debates and discussions, role-playing and other interactive tasks, making them more immediately useful in a student’s day-to-day career.  


This flexibility and price have led to a student satisfaction rate 40% higher than traditional MBAs. 


"I chose to study Jolt over traditional educational institutions because I wanted practical skills that I could apply, both to my career and to a side business. I considered doing an MBA, however costs and time were the biggest factors in deciding not to go down that route. I was attracted to Jolt as they had classes that I felt could help make an impact on my career immediately. I have really enjoyed classes that were directly relevant to my career such as project and product management and data analysis/visualisation.” 


"Even before I started Jolt, I always knew I also wanted to start my own business. Many of Jolts classes were focused around startups and it was interesting for me to learn about all the different parts that make up a business. In the last few months, I have used some of these concepts to start my own business and when I had the business in mind, I was far more engaged in the ideas that were being taught. Most of the teachers are very experienced in their respective fields and being able to ask them direct questions on my own plans has been great,” Khemarint Son, Treasury Analyst at Starling Bank, said.


"I heard about Jolt from LinkedIn. I looked into it and it offered exactly what I was looking for: a flexible schedule in central locations with courses targeted on actionable knowledge. The Jolters looked like cool people coming straight from the industry with real-life experience and not just academic background." 


"The pricing model works well for working professionals as you can freeze your account for a minimal amount if you're away for a long time or have a particularly busy time at work and the range of courses is quite incredible, whether it's marketing, finance, product and personal growth. It offers an all-round curriculum to get you up and running and ready to try your luck in a start-up or upskill you to go for new jobs,” Liat Shtainberg, Head of People Strategy at MagicLab, said.


Since its NAMBA program launched in July, Jolt has gained 10% of the market share in Israel, and 1.5% in the larger UK market.


The latest round of funding has been led by Balderton Capital, alongside Hillsven Capital and Octopus Ventures. Hillsven Capital also took part in Jolt’s pre-Seed round which was led by UpWest in 2016. Jolt’s Series A funding round takes the total raised by the firm to $23.3 million in just three years and the company plans to use the funding to further its expansion across the UK, Israel and into the US. 


James Wise, Partner, Balderton Capital said: “There is a rapidly increasing demand from both employees and employers for more adaptive forms of professional education. Jolt combines a powerful tech platform with a deep understanding of how people really learn to fulfil this demand, giving the learner complete control over when, what and with whom they study. We believe Jolt has the potential to help tens of millions of students, who couldn’t otherwise afford the time or cost of a traditional business school, to gain new skills and meet new people” 

 

You may also be interested in these articles:

Sponsored Video

Register, Login or Login with your Social Media account:


Advertisers

Upcoming FE Events

Advertiser Skyscrapers

Newsroom Activity

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In Jan 2021, FE News had over 173,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector, putting us in the top 2,000 websites in the UK.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.

Podcasts

We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.

Events

FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page