Rohan Monga, CEO of Zenius
Zenius, an Indonesia-based edutech company focusing on developing critical thinking and scientific reasoning, announced today it has raised an undisclosed amount in pre-Series B investment.
The money came from new investors such as Alpha JWC Ventures and Openspace Ventures and existing backers, including Northstar Group, Kinesys and BeeNext.
Zenius plans to use the funds to further develop its platform to “meet the growing customer demand”.
The latest round comes less than a year after it secured US$20 million in Series A from Northstar in February 2020.
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Founded in 2004 by Sabda PS and Medy Suharta, Zenius has developed a mobile app offering a series of products across different verticals. The app focuses on K12 students and claims to have over 90,000 concept videos and more than a hundred thousand practice questions.
Zenius claimed it experienced strong growth in 2020 with revenues increasing over 70 per cent in the second half of the year, compared to the same period in 2019. User growth increased by over 10X from its launch of its live classes in March 2020, with user retention rate at over 90 per cent.
“Zenius has demonstrated over a decade of track record in proven learning outcomes while reinventing the core offering as new mediums have emerged. We believe its proven track record will be a key differentiating factor in the rapidly evolving education landscape and we hope that the fresh round of funding will propel its growth further,” said Ian Sikora, Director at Openspace Ventures.
Also Read: Zenius raises US$20M from Northstar
“In line with our purpose of bringing Indonesia’s Programme for International Student Assessment (PISA) competence to the global level, we continue to work around the clock to develop new features that will help students to get the best learning outcomes through our technology,” added Rohan Monga, Zenius CEO since 2019 and previously COO of gojek.
The edutech startup offered most of its services for free during the first half of 2020 to support the Indonesian government’s learn-from-home initiatives during the early stages of the COVID-19 pandemic.
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Image Credit: Zenius
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