Thailand’s edutech startup Globish, which provides a live online learning platform, has announced closing its US$2.5 million Series A+ funding round.
The Digital Economy Promotion Agency (depa), Premier, N-VEST Venture, Top Itthipat, ECG Research, 500 Tuktuks, and Stormbreaker Venture also participated.
Strategic investors, including Nani Nitcharee Nitinavakorn (an executive from a renowned startup in the UK), Dusadee Tancharoen and Ubonwan Khorthavornwong (brand specialists), also joined.
Globish will use the money for expansion into other ASEAN countries. It recently began expanding in Ho Chi Minh City in Vietnam and plans to expand into more markets, such as Pakistan and Bangladesh.
Globish’s learning platform allows learners to have their private classes. The company has developed curricula to match learners’ behaviours and meet the needs of the global labour market.
Also Read: BrightCHAMPS acquires SEA-focused edutech startup Schola for US$15M
Globish conducts 300,000 English and Chinese classes for learners comprising 20 per cent students and 80 per cent working-age people.
Globish has proactive plans to penetrate domestic and international markets with the target of 500,000 classes this year and add instructors and coaches to support the expanding market. By 2025, it is expected to generate an income of US$35 million.
Takarn Ananthothai, CEO and Co-Founder of Globish, said the company will continue to upgrade its organisation to become the edutech leader of ASEAN. It will turn its sights on the global market by extending its platform beyond languages to other skills and will be one of the Tomorrow Educational Leaders by 2023.
“Globish will penetrate domestic and international markets with native coach teams of more than 400 individuals from various countries, such as the UK, the US, South Africa, Egypt, India, Ukraine, and the Philippines. The plan is to increase to 1,000 coaches to support the market expansion,” Ananthothai added.
—
Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27 will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon.
Here’s the full list of the speakers for the 2022 edition, which will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here.
The post Thai online learning platform Globish closes US$2.5M Series A+ appeared first on e27.