Conicle secures US$900K from Humanica, 500 TukTuks and Stormbreaker Venture

Conicle, an edutech startup based in Thailand, has secured US$900,000 pre-Series A round of funding from Humanica, a local HR and ERP solutions company, and 500 TukTuks and edtech accelerator Stormbreaker Venture.

The funds will be used by the startup to expand into the international education market, as well as to further develop a comprehensive solution for Human Resource managers to improve their employees’ skills, drive digital transformation and respond to future work trends.

Concicle is a learning management system, which acts as an executive assistant and HR in developing the internal workforce under the concept of ‘modernise learning’.

A key strength of Conicle is its blended-learning approach with data-driven personalisation. The learning content will be personalised to each user alongside personalised recommendations for courses. Lastly, Conicle also gamifies their courses so that learners are incentivized to complete lessons to earn points.

So far, Conicle has bagged over 500,000 users from more than 30 leading companies, such as AIA, PTT Group, AIA, CPALL, Makro and Honda.

Vonder raises funding from Pongsak Trakulsuk, Stormbreaker Venture

Separately, Vonder, another edutech company from the country, has raised an undisclosed seed funding round, led by existing investor Pongsak Trakulsuk and existing backer Stormbreaker Venture.

The seed funding will be used to further penetrate the B2B corporate training market for HR, corporates and SMEs, in addition to developing and expanding new products for the regional market.

Vonder, which develops micro-learning solutions and HRD platforms, has  found a way to make learning more effective and fun by converting hard-to-digest and boring content into short gamified micro-lessons. These lessons can be effective for both the education sector and for staff training.

For corporates, HRs can create their own content, or the Vonder team can help HR to co-create or convert the organisation’s existing content into Vonder’s micro-learning format. Popular lessons are Tax 101 for employees, new product training for sales, regulations and Standard of Practice training.

Founded in 2018, the company aims to grow by 3x in order to raise Series A funding in the next 12 months.

In addition to its core products, the company also provides many features to support the HR department, such as the Vonder FAQ manager, a chat bot that helps to answer employee’s questions, and Vonder’s Pulse Survey, a feature that allows HR to survey their employees easier in a gamified way which incentivises participation.

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