(L-R) CoLearn Co-Founders Marc Irawan, Abhay Saboo, and Sandeep Devaram
Jakarta-based CoLearn, an online K-12 live learning and homework help platform, has secured an additional US$17 million as part of its Series A follow-on funding from TNB Aura, KTB Network (Korea), and Indonesian university Binus Group.
Existing investors AWI, Sequoia Surge, GSV Ventures, AC Ventures, Leo Capital, and January Capital also co-invested.
This round brings CoLearn’s total funding raised since inception to US$34 million. The new capital will be deployed to strengthen its go-to-market strategy, enabling it to expand its paid user base in Indonesia.
Founded in 2020 by Abhay Saboo, Marc Irawan, and Sandeep Devaram, CoLearn provides children in Indonesia with an alternative to traditional offline tutoring with its live interactive classes. Students can master their STEM questions from the convenience of their homes while saving themselves time.
Also Read: How edutech is solving the global teacher’s crisis
For students struggling to understand the concepts taught at school, CoLearn provides access to the “best teachers” in the country through live interactive classes. The platform claims it offers quality video solutions with clear, concise explanations.
Since its launch, CoLearn claims to have amassed over 4.8 million users, with over 85 million questions asked to date. In 2021, the number of questions asked grew 5x with its AI-powered problem-solving platform.
CoLearn has a technology team operating out of India and UAE. The company is actively looking at expanding its team size and recruiting for data science, product, and engineering roles in these countries.
Abhay Saboo, Co-Founder & CEO of CoLearn, said: “CoLearn is not only helping students build a strong foundation in STEM subjects but also has an immediate impact, as over 80 per cent of our subscribed students have seen an improvement in their grades. With a consistent NPS (Net Promoter Score) of over 70 for our live classes and 90 per cent organic traffic of our AI-powered homework help feature, we are actively working towards changing the mindset around online tutoring with our offering that blends AI and interactivity.”
Before raising US$17 million, CoLearn raised US$10M in Series A funding from Alpha Wave Incubation, GSV Ventures and Sequoia Surge and AC Ventures.
—
Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.
The post CoLearn attracts US$17M more to close Series A round at US$27M appeared first on e27.