Menu
Part of the EIB Group
Search

100mentors: choosing the right career path

Read out loud
22 Mar 2018# min read

100mentors, an Athens-based EdTech company, helps students make better-informed academic and career decisions through a global network of mentors. Thanks to EU-backed financing from OpenFund II, supported by the EIF under JEREMIE Greece, 100mentors scaled up rapidly and expanded its impact to 17 countries.

More mentors, better advice

“One questionnaire changed everything for us,” explains Yiorgos Nikoletakis, founder and CEO of 100mentors. “We asked people to rate how conscious and informed they were when they decided what academic/career path to follow. Almost two in three spoke of a teacher that channelled them in a specific direction, a role model who had inspired them, or their parents’ influence. Ultimately, these all-important decisions depend a lot on a limited number of people in our inner “comfort-zone” circle” explains Yiorgos.

“We want to increase the number of role-models that they are exposed to.

Student empowerment

100mentors is an EdTech SaaS (Software as a Service) tool for schools to help their students. Relying on its growing network of 2500 mentors that it has carefully selected, briefed and trained for the task at hand, the company has four main offerings: It can hook up a school with mentors to (a) enhance a lecture or seminar; (b) organise on-demand  virtual academic fairs with university officers, alumni, current students and faculty members from the top 100 universities; (c) offer live-from-their-working-environments career insights and internship/job-shadowing opportunities; or (d) provide longer-term collaboration with a mentor on a specific school project. “We want to empower students to become the architects of their own future, by developing their critical thinking, international orientation and intellectual humility.”

We want to empower students to become the architects of their own future, by developing their critical thinking, international orientation and intellectual humility. ”

- Yiorgos Nikoletakis, founder and CEO

To the global stage

In 2015, 100mentors benefited from an investment from OpenFund, an EIF-backed venture capital fund based in Greece. The investment allowed them to scale up the business, growing from four to ten employees. “We were able to further our product offerings and make the user experience lean for both the students and teachers alike. We also took the leap from Greece, which was our initial focus, reaching out to the global stage. Today we work with partner schools in 17 countries. These are the most forward-thinking schools in their countries, usually international schools, and teachers and counsellors are reporting unprecedented student engagement due to 100mentors. All of this would not have happened, or would have taken at least three more years. We were able to grow much faster as a result” concludes Yiorgos.

About 100mentors

EIF financing

These are funding initiatives from our portfolio used to support this company

JEREMIE

Financial intermediaries

EIF partners participating in this transaction to match our resources

Open Fund

More stories like this

Find more information about EIF activity in your country

Related products

EIF other initiatives similar to this transaction which supported this company

Equity ProductsInvestEU Equity Products