Show My Homework, the online platform for tracking and monitoring homework, is The Assignment Report’s UK Education Company of the Year 2016.
Show My Homework was founded in March 2011 by teacherpreneur Naimish Gohil with the aim of providing a simple and pain free online solution to the management of the homework process, while increasing parental involvement in students’ learning. Unlike existing learning management systems, Show My Homework was able to offer a solution to a problem, and not just a list of features.
In addition, Naimish Gohil’s experience as a teacher had taught him a valuable lesson in the need to provide good quality support to schools to ensure new technology is embedded across the organisation and not just in the hands of a few. As a result, Show My Homework has invested in customer support and account management from day one.
Of course, realising the vision for the business could not have been achieved without the support of like-minded investors. In recent years, few UK edtech companies have received the investment required to support the sales effort necessary to scale-up the business. In late 2013, Passion Capital invested £300k in the business, and in 2016 the company raised £2.4m in a funding round led by LocalGlobe, the venture capital vehicle of Robin and Saul Klein, with support from Crane Ventures and Delin Capital.
Underpinning the confidence of investors has been Show My Homework’s meteoric rise from an initial group of early adopters to a company that has now signed up one in three UK state secondary schools, together with 100 international schools and a handful of primary schools. The platform currently has around 3.4m users. Show My Homework aims to achieve a 50% penetration of the UK state secondary school market in the next 18 to 24 months.
And this growth has been achieved by charging schools for the service since launch. As a result, Show My Homework has seen billings increase from £1.1m in 2014-15 to £3.6m in 2015-16. For the current financial year ending 31 July 2017, Show My Homework is forecasting billings of at least £5.5m. The company expects to be P&L profitable by December 2017. As a subscription service, the company has good visibility of future revenue.
At each stage of its development - Show My Homework currently employs 80 people, up from 35 employees in 2014-15 – the company has hired executive team members with the necessary competencies and commercial experiences to ensure the company has the systems in place to support further growth.
Looking forward, 2017 will be a significant year for Show My Homework as the company looks to both grow its subscriber base – domestically, including independent schools, and internationally – and add new services and products to its platform. In January 2017, the company will be fully launching its online tutoring service covering 30+ subjects from KS2 through to A-level. Show My Homework also aims to build on its relationship with Collins Learning, which enables teachers to search for KS3/4 content when setting homework.