Paper, a leading software provider of unlimited, 24/7 academic support, has raised $270 million in its Series D funding round, featuring both a primary and secondary offering.
The round was co-led by Sapphire Ventures and Softbank Investment Advisers, with support from returning investors, including IVP, Salesforce Ventures, Framework Venture Partners, Bullpen Capital, Reach Capital, BDC Capital, and Red House Education.
Paper addresses the greatest challenges school districts face in implementing effective tutoring: cost, equity, and scale. It partners with school districts to deliver 1:1 tutoring that is equitable, scalable, and cost-effective. School districts contract with Paper for a fixed price, unlimited usage model that uplifts their entire school community. Students and families get equitable, on-demand support from multi-lingual tutors, teachers get the help of 24/7 online assistants to track student progress and personalize instruction, and administrators get actionable data to inform strategic decisions.
Commenting on the latest development, Philip Cutler, Co-founder & CEO of Paper, said in a statement:
“I am humbled to have the support of our educational partners, our team, and our new and returning investors to propel Paper’s mission of democratizing academic support. Every part of this investment will fuel the transformation of education at a systemic level. We look forward to partnering with more and more innovative school systems to level the playing field for all learners.”
Since 2014, Paper has strived to empower all students to achieve success with equitable access to academic support. In many school districts, the students with the means to afford private tutoring get ahead, while the vast majority struggles to afford it. By partnering with school districts instead of families, Paper puts personalized academic support within every student’s reach.
Rajeev Dham, Partner at Sapphire, said:
“Every student deserves a quality education, but unfortunately the majority of schools lack the resources to meet the needs of all of their students. Since the onset of the pandemic, the issue has been magnified by prolonged remote education, resulting in unfinished learning and a decline in academic performance. Sapphire is proud to partner with Paper, a mission-driven company that’s helping all students have access to high-quality academic support whenever they need it, making education more equitable for everyone.”
Ram Trichur, Partner at SoftBank Investment Advisers, added:
“Remote learning during lockdowns accelerated digital adoption of education tools but also exposed a glaring divide in the experience for many students. Paper is helping to support stretched public school systems to improve student outcomes by widening access to critical tutoring resources. We’re delighted to be partnering with Philip Cutler and the team to build an enduring solution providing every student with an equal opportunity to excel academically.”
The latest fundraise follows a year of unprecedented growth for Paper, which currently serves around 2 million students – a significant bump from the one million mark when it closed its Series C round in June 2021. Since then, the company has expanded its reach to nearly 30 states nationwide, grown its team by over 300%, and partnered with some of the nation’s largest and most prominent school districts.
About the Author
Author: Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
FeaturED is an exclusive interview series where edtech founders and education thought leaders contemplate and discuss the current state, trends, challenges, and opportunities in the edtech industry and share about their respective organisations, markets, and sectors.
This section is exclusively brought to you by AWS EdStart in association with EdTechReview.
Deepika – AWS Program Lead, India, AWS EdStart interviewed the founders of PrepBytes, Mamta Kumari and Aditya Bhushan Verma. The session was based on the theme – the good, bad and ugly of the founders’ journey while building their education solutions, the challenges faced, and more.
Focussing on the journey thus far, the co-founders talk about how they identified the employability gaps and other problems in the jobs market and came up with a solution in the shape of Prepbytes.
They also highlight the magnitude of the problem, the drive behind their passion for solving them, the company’s vision, and how PrepBytes helps in better placement preparations.
What’s the elevator pitch for PrepBytes?
“We work on solving a pervasive problem – unemployability. Wefocus majorly on the tech sector. While observing this sector, we discovered that there is a shortage of quality candidates,” says Mamta, Co-Founder, PrepBytes.
“Companies nowadays are ready to pay higher than the industry standard salaries to acquire tech talents as finding the right skill is still a challenge despite the volume of graduates passing out every year, she explains. Therefore, the problem is quality, & not quantity.
We are trying to solve the problem of employability by helping students acquire the skills and talent required, and one of the essential skills, “problem-solving skills”, is our primary focus.
Elucidating the main aim of providing students with suitable courses and programs, she explains how they have developed an ecosystem. They conduct many free & paid sessions, programs and personalised courses to lend support to students and make them aware of
what skills and courses are in demand
how can students acquire such skills
how can students make the most out of their education years in the college to help them secure their dream job
When and how did you start PrepBytes? What’re your backgrounds? Who all do you have supporting you?
Sharing their job’s experiences, Aditya, responds, “when we met in person (Mamta and me), we discussed the employability gaps, and Mamta was able to identify the problem at the outset too.
Many students face difficulty finding a consolidated platform to prepare for any coding job. This was one part of the problem. To better understand the problem, we interviewed several freshers and corporates. The corporate sector, too, is struggling to get the right set of talent. This skills gap and talent mismatch is the problem statement.”
Responding further, he adds that in the initial days, they were supported by industry leaders likeUIncept, an AWS EdStart collaborator.
Who are you solving this problem for? How big is the market opportunity…?
Mamta enunciates,”we are majorly trying to solve the underlying problems for those seeking a tech job. As of now, most students are doing their engineering, MCA, or pursuing some other master’s degree. They are targeting tech jobs. With our experience, we know that they need not necessarily be from a computer science background to land up with tech jobs. Even if they’re from some other background (mechanical, civil or electronics engineering), they eventually end up getting a job in the tech industry because there are more openings.”
Mismatch of skills and talents leading to poor quality hirings, this is where the problem lies, according to her.
She says, “lakhs of students are passing out every year, but the irony is that only a few percentages can get the tech job. The rest of them either end up not having a job at all, or they do any non-tech jobs despite their educational background.
Since we both have expertise in the tech industry, we began with this particular market first. Besides offering the right opportunities to students, we also target at providing the right talent to companies.”
She concludes by stating, “We already know that the lack of talent is not only in the tech industry but in the other domains too. We are also planning to go ahead and target the adjacent sectors, focusing majorly on folks passing out every year from colleges. We bring courses and programs for all the four years of the college.”
What are the main support pillars for an early-stage start-up? How have programs like AWS EdStart and its EdStart collaborator UIncept benefited you?
Highlighting the PrepBytes journey, Aditya says,”For an early-stage start-up, the more support you get, it is better for you. Initially, many experienced founders guided us on approaching the problem statement. Still, a great validation came our way when UIncept and AWS EdStart recognised us for our work.”
“Apart from the big support network, mentorship, tech capabilities, etc., the biggest support is the confidence that gets instilled into us as an entrepreneur when such organisations back you up.” Support from both these organisations has strengthened the PrepBytes team and given a confidence boost.
Mamta adds to the conversation,”In the recent past, Google shortlisted ten women lead start-ups from the country, in an annual event, and we were one amongst them. At that time, we were in the ideation phase, and this shortlist became one of the early successes.”
The interview further focused on the following aspects:
How did you approach the problem solving for this market?
What’s the current stage for PrepBytes? How many students are using PrepBytes?
What level of engagement and impact have you seen for the students you work with?
What are some of the key challenges facing PrepBytes? How are you overcoming them? (Funding, development, market access, channels, publicity, etc.)
What’s the product’s personalisation capability? What’s the tech infrastructure and the roadmap planned?
What are some key benefits of AWS cloud in providing?
What is PrepBytes’s growth and expansion plan for the coming years, say 18-24 months down the line?
How is PrepBytes uniquely positioned to help college students? How are you different?
What, according to you, is the most common mistake an edtech founder makes?
What’s your take on the future of higher education in India?
Watch this interview to learn more about PrepBytes, its journey, growth, expansion plan, the future of higher education in India and a lot more. This is a must-watch interview.
About AWS EdStart:
AWS EdStart, the AWS educational technology (EdTech) start-up accelerator, is designed to help entrepreneurs build the next generation of online learning, analytics, and campus management solutions in the AWS Cloud. The program enables EdTech start-ups to move faster with tailored benefits. Learn More.
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Teachmint, a leading ed-infra and online teaching platform has acquired the Indian arm of Singaporean edtech Teachee, a course-selling platform that enables teachers to sell educational products like online courses; marking its second buyout this month itself.
With this deal, close to 20 members of Teachee’s India team will become a part of Teachmore by Teachmint, strengthening the company’s course-selling offering and enabling its community of millions of teachers to grow their online presence, according to the company’s statement.
Post the acquisition, Teachee’s India country manager, Aakash Kasaundhan, has joined the company as a Senior Director, and will be leading the platform’s business growth. This acquisition comes at a time when the Teachee platform is being discontinued globally.
Launched in India in October 2020 by Vlight Technology Pte, a Singapore-based firm. Teachee is an innovative and highly secured online live streaming education platform where teachers can teach anywhere using their personal computers or desktops and students can have an immersive live learning experience anytime with their smartphones. The company’s vision is to become the most widely used SaaS platform for educators in the region.
With online education gaming momentum in the country, Teechee is uniquely placed to help educators build a successful practice. The startup’s revolutionary platform lets educators design a fully branded website without having the need of any prior technical background.
Commenting on the acquisition, Co-founder and CEO of Teachmint, Mihir Gupta, said, “We are very happy to welcome the Teachee team to the Teachmint family. This acqui-hire will aid the expansion of our course-selling offering and help deliver even more value and innovation to our teachers. With the aim of scaling our user base from 10 million to 100 million and beyond, we are laser-focused on increasing our team strength and bringing the best talent on board. This acqui-hire gives us a great boost and we are well-positioned to revolutionize the growth and monetisation opportunities for educators and creators.”
The latest acquisition of Teachmint’s comes right after the company acquired Teachmore, a course-selling platform that enables teachers to sell educational products like online courses, live classes, quizzes and more through their apps and websites.
Teachmint, co-founded in May 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar – alumni of IIT Bombay and IIT Delhi, focuses on tutor-student interaction, providing mobile-first and video-first teaching platforms to assist teachers in digitizing their classrooms. The platform is used in over 5000 cities and towns across the country and has over 10 lakh teachers on its platform. It is available in over 15 Indian and worldwide languages in addition to English.
With adoption from more than 4,000 educational institutes in India and multiple international EdTech partnerships, the company’s sole aim is to significantly increase teaching efficiency, reduce costs and increase the student base for existing teachers. Teachmint is supporting new individuals to create teaching businesses from scratch across domains like K-12 tutoring, test prep, and extra-curricular learning.
Teachmint had last raised $78 million in its Series B funding round led by Rocketship.vc and Vulcan Capital in October this year. Prior to that, the online tutoring platform had raised $20 million (Rs 149.4 crore) in a pre-Series B funding round led by global edtech-focused VC firm Learn Capital in July 2021. To date, the company has raised $118 million, the statement said.
Last month, Teachmint also announced a plan to enable its employees to liquidate their vested ESOPs (employee stock ownership plans) against cash at any point of time over a year.
About the Author
Author: Shalini Pathak
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she’s an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Creative Galileo, one of the fastest-growing kids’ early learning apps, has announced that it has partnered with Periwinkle by Jeevandeep Edumedia, which focuses on creating engaging and thoughtful content for children based on global education standards.
Under this partnership, Creative Galileo will have the publishing rights to Periwinkle’s e-learning content. It will pave the way for an immersive and unique learning experience for kids aged 3-10 while keeping the entire process engaging and fun, according to a press statement.
Jeevandeep Edumedia introduced its brand Periwinkle in 2008 with an aim to expand its horizons to newer international educational methods, practices, and approaches. With more than 1700 running book titles published for Kg – Grade 10, the company aspires to introduce the students to these international standards of learning that will help lay their foundation and expose them to the global trends of education. Periwinkle’s YouTube channel ‘Periwinkle kids’ with 1 million+ subscribers is an enriching and self-paced comprehensive learning tool for children all around the world.
Commenting on the announcement, Prerna A Jhunjhunwala, Founder, Creative Galileo, said,
“We are excited to have Periwinkle onboard with us. This partnership will cater to the ever-growing demand for high-quality video content for kids. Our goals are aligned as we want kids to acquire knowledge and skills from every video they watch or game they play on our app. Our strategy is to continue partnering with the top content players in India and worldwide to offer the best learning experience to our young audience and make learning fun for them.”
Speaking on the partnership, Parin Furia, Director, Jeevandeep Edumedia, said,
“With this partnership, we are excited to extend our reach, reaffirming our commitment to make learning in the ‘new world’ more accessible. Like us, Creative Galileo understands how important knowledge and creativity are for every child’s journey. Together we can nurture the young minds of today, building a brighter and better tomorrow.“
Creative Galileo is a new-age EdTech startup transforming early learning globally for children from 3 to 10 years. Its ‘Kids Early Learn App’ is the first-of-its-kind Indian character-based app that aims to leverage technology to emphasize personalized needs, inquiry-based learning methods, and experiential activities. Since its inception in July 2020, the e-learning app has recorded over 4 million downloads and over 500,000 monthly active users. Creative Galileo has tie-ups with Big Animation, Amar Chitra Katha, Periwinkle, Shermaroo, Toonz Animation, and others, providing content, gamification, and interactive learning journeys for children.
Creative Galileo has recently raised $2.5 million in seed funding led by Kalaari Capital and other angel investors, making it the first company to be backed by Kalaari’s venture flagship CXXO programme for women founders. The world’s leading startup research firm HolonIQ recently listed Creative Galileo on their annual list of the 100 most promising EdTech startups from India and South Asia.
About the Author
Author: Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
Ezyschooling, a tech-enabled admission consulting platform for parents and schools, has raised fresh funding from Mumbai Angels Network, Meteor Ventures, India Accelerator, Diligent Consulting, and Mohit Agrawal (NRI investor).
Ezyschooling will utilize the undisclosed amount towards expanding its network of parents and schools while creating new products and services to accommodate their requirements. The platform’s objectives are designed to make the lives of admission-seeking parents and schools looking to boost the number of applications easier by offering flexibility through tech-enabled solutions.
Commenting on the investment, Nandini Mansinghka, Co-Founder & CEO – Mumbai Angels Network, said in a statement,
“When it comes to school admissions, both parents and schools are often highly stressed, and the admission process turns out to be chaotic. Ezyschooling has dedicatedly been working towards making this more convenient through its sound tech infrastructure. This funding is a testament to their remarkable growth and innovative, tech-enabled solutions in bringing flexibility and ease to the admissions process. We are confident that the latest funding will allow them to scale the business further and augment their product offerings.”
Angad Singh Bilochpura,CEO & Promoter of Estrela Inc Group, EG Ventures, and Deal Lead for Ezyschooling, added,
“School admissions have always caused parents a great deal of anxiety and sleepless nights which makes platforms like Ezyschooling all the more necessary in the market. Ezyschooling is a great example of using technology to find new solutions to deal with the age-old problems that people face. As an investor, it is all the more exciting for me to be a part of Ezyschooling’s onward journey, as they use the funds raised in this round to further enhance their vision of becoming India’s foremost admissions platform.”
Ezyschooling was founded in 2017 by Mayank Jain with a vision of creating a world for admission-seeking parents void of any uncertainties or reservations. Setting a stage for the onset of a revolution in the admissions space, the startup has been able to establish a self-sustaining network of parents and schools. Strongly advocating for parenting guidance, the platform offers the same through expert articles, news updates, and discussion forums. So far, Ezyschooling has collaborated with 350+ schools and assisted 50,000+ parents in admissions in 5 major cities – Delhi-NCR, Pune, Bangalore, Mumbai, and Kolkata. The company has already strategized to expand its operations to more cities in the near future.
Mayank Jain and Krishna Kant Pandey, the co-founder and partnerships head who joined Ezyschooling in 2020, have contrived products like the Common Application form, which can be used to apply to multiple schools. The portal assists schools in completely digitalisation of their admission process by providing a personalised dashboard to each and every school to handle the complete admission process end to end. Moving further beyond their expertise in providing parental guidance, Ezyschooling has changed the fast-forwarded admission process by allowing parents to move through with their applications in a matter of just 15-30 minutes instead of 15-20 days that they used to spend earlier.
About the Author
Author: Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
ImaginXP, India’s virtual university providing professional courses, has entered into a strategic partnership with OrangeSlates, one of the fastest-growing teacher skilling platforms in the country, to upskill over 50,000 school teachers with the latest digital technology tools, teaching methodologies using new-age approaches.
OrangeSlates’ proprietary platform will be used to upskill teachers using a series of short-duration live training sessions by top experts and educators from the country. With this partnership, the EdTech duo has also announced their ‘School Connect Program’, under which they will reach out to 5000 schools to enable both teachers and students with skills that will help shape a better future. The program will also provide live counseling sessions.
Furthermore, in line with their aim to upskill teachers, they are also launching long-term programs for educators in collaboration with some of the top universities of India. Using these courses, teachers can now participate in such programs that will enable them to be at par with the globally evolving EdTech industry.
The following have been kept in mind while designing courses for educators:
● Short Duration Expert-led Live courses – Courses that cater to the evolving skill needs such as Implementing Hybrid Learning in Schools, Digital Tools such as Augmented Reality, Google Workspace for Education.
● Courses designed as per NEP 2020- The latest Education policy designed in 2020 lays particular emphasis on the development of an individual’s creative potential. It is based on a principle- education must develop not just cognitive capabilities but also focus on the foundational capacities to achieve a higher order of education and skill.
● Live Instructor-Led Training by OrangeSlates – OrangeSlates will be offering all teachers from eligible schools Live short-duration training courses to elevate the learning experience for their learners.
Speaking on the strategic collaboration, Shashank Shwet, Founder and CEO of ImaginXP, said,
“At ImaginXP, we offer future skills degree programs and credit certification courses that are in line with corporate-led curriculums intending to provide students and aspirants with a coaching platform that helps them write their own successes. We have experienced a massive uptake of courses over time and have seen a huge number of student successes with our current offerings. We believe that our educators require a similar platform that enables their growth. Our partnership with OrangeSlates will help us further define success for teachers who have not only been the backbone of the edutech industry but have faced difficulty in upskilling themselves in the recent past. With the short duration and live training programs, our educators now will have an equal chance to amplify their careers.”
OrangeSlates is one of India’s fastest-growing platforms for upskilling educators on a wide range of pedagogies, teaching strategies, and the latest tools. With its highly engaging and hands-on Live Programs and power-packed on-demand courses, over 4000+ educators have upskilled themselves and have become future-ready educators.
Also commenting on the partnership, Pradeep Pillai, Co-Founder & CEO of OrangeSlates, said,
“We had many (not all) educators who were getting used to teaching using new-age technologies like smart boards or smart classes. However, this adoption was slow and perhaps would have taken much longer. The COVID-19 pandemic-induced lockdowns moved them to an online teaching space overnight with little or no gadget improvement, software support, or training in most cases. In the past one year and more, educators have faced challenges to keep their classes engaging and impactful owing to digital knowledge constraints.”
“We are delighted to have partnered with ImaginXP to empower over 50,000 educators and enable them to inspire, educate and engage their students.” Using these short live duration training courses by selected top experts in the country, or the long term courses offered by top universities, our educators will now have the opportunity to learn the new age teaching methodologies, understand the importance of using the latest digital tools to upskill themselves and move towards career amplification,” Pillai added.
ImaginXP is a leading Higher Ed company in Future-skill that provides full-time Degree programs, for-credit, and executive certifications. These are tailored high-quality industry-driven programs in the fields of UX, Industrial Design, Communication Design, AI/ML, Data Science, Health-tech, RPA, Fintech, Management, Entrepreneurship, etc. Within the last few years, ImaginXP has partnered with 30+ universities across the country. 1250+ working professionals act as corporate coaches and mentors on the ImaginXP MyCoach platform to train and mentor through masterclasses and live projects to increase student employability. ImaginXP, with its Future-skill programs in India, is disrupting the Indian Higher Education sector and upskilling professionals with its Industry relevant Programs.
About the Author
Author: Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
Female Invest, a women-led financial EdTech platform, has raised a $4.5 million seed round led by Green Visor Capital with the participation from New Theory Ventures.
The round also witnessed participation from angel investors including Mia Wagner, the CEO of Nordic Female and an investor on The Lion’s Den — the Danish version of Shark Tank — and Fiona Pathiraja, managing partner at Crista Gallis Ventures, among others.
With this round, the company aims to empower women by boosting their understanding of personal finance and investing.
Founded in 2019 by Emma Due Bitz, Camilla Falkenberg, and Anna-Sophie Hartvigsen, Female Invest offers articles, resources, and live webinars meant to help its members feel confident in their investing. The materials are designed to be used by anyone regardless of background. The Copenhagen-based startup has users ranging in age from 14 to 80 and from a vast array of professions including bankers and hairdressers.
Female Invest is on a mission to educate women on personal finance and investing through a subscription-based learning platform with integrated social media. The company’s goal is to close the financial gender gap.
Talking about the platform, Anna-Sophie Hartvigsen, Co-founder of Female Invest, said,
“Women are falling financially behind in every single country in the world. They are earning less, saving less, and then – with what money they have – they are investing less. Our job at Female Invest is to close that gap as quickly and helpfully as possible.”
Female Invests has members across 67 countries (with the UK being the fastest growing market) and an online community of more than 15,000 women.
Adding further about the company, Camilla Falkenberg, Co-founder said,
“When it comes to money-saving insights, the internet is filled with sites which advise young women on how to save money on beauty, clothes, food and going out. Yet, when it comes to making money, there is almost nothing on helping women make their money grow through investments. Female Invest fills this gap.”
Last year in December, Female Invest had raised DKK10M a seed round from local investors including, Vaekstfonden, Shailender Robin Patel, Mia Wagner, and Jeppe Christiansen. The startup’s latest funding brings its total fundraise to $6.1 million.
About the Author
Author: Shalini Pathak
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she’s an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Masai School, a Bengaluru-based online coding bootcamp, has raised an undisclosed amount of funding from 21 angel investors from the Indian startup ecosystem, including CRED Founder Kunal Shah, Paytm Founder Vijay Shekhar Sharma, among others.
The round also witnessed participation from some of the leading founders and CXOs of companies such as Paytm, CRED, Pine Labs, NoBroker, Delhivery and ShareChat.
With the fresh capital, the company aims to build a more robust student curriculum. The latest investment comes at a time when the EdTech ecosystem is seeing significant traction, with the coronavirus outbreak forcing people to shift to online learning.
Co-founded by Prateek Shukla, Nrupul Dev and Yogesh Bhat in June 2019, Masai School offers programmes in Full Stack Web Development (full-time and part-time programmes) and a UI/UX Design Programme (full-time programme), and are planning to launch Data Analytics, Product Management, and more programmes over the next few months.
Masai School’s vision is to be able to help young professionals launch their careers in a field of their choice, irrespective of what background they come from. The platform offers learners the ‘Study now, Pay later’ option, democratising access to quality education. Masai School focuses on Tier II and Tier III financially underprivileged students and provides them to learn and get placed in a software company.
Prateek Shukla, Co-founder and CEO of Masai School, said,
“For an institute that strictly and solely focuses on outcomes, it is a great endorsement to have the right kind of industry leaders to help and support the market itself. With the advocacy and support from these stalwarts, bridging the gap between educational institutes and technology companies to meet real-time industry requirements is not far away.”
The company has partnered with startups like large information technology services firms and multinational companies for placements. So far, it has placed around 400 students and the number is expected to go to 1,500 in the next two quarters.
Amrish Rau, CEO of Pine Labs added,
“Coding schools such as Masai School have started to kick-start a movement altogether in the cohort-based courses market segment. We are all aware of the shortage in quality education for software and technology, and how hard it is for the technology and IT industry startups to hire the right talent even at entry-level positions. We want to enable this movement and help Masai lead this from the forefront.”
The startup claims to be on track to make $1 million in monthly revenue by December 2021 or January 2022. Masai School is aiming to have close to 10,000 students studying with the company across courses by next year.
In June, Masai School acquired Design Shift Academy, a Bengaluru-based design institute that provides guidance on user interface and user experience design.
Earlier this year, Masai School raised its Series A round worth $5 million led by Omidyar Network with the participation from existing investors including Unitu Ventures, India Quotient. Prior to that, the company had raised $2.5 million in a funding round from Unitus Ventures, and other existing investors in August 2020.
About the Author
Author: Shalini Pathak
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she’s an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Amplify, a publisher of next-generation curriculum and assessment programs, has raised $215 million in growth funding led by Learn Capital and A-Street Ventures with participation from Emerson Collective.
Rob Hutter from Learn Capital and Marc Sternberg from A-Street Ventures have also participated in the round.
The company plans to use the funds to make strategic acquisitions in education companies and to accelerate product development across its portfolio, with a focus on its digital supplemental programs.
Founded in 2000 by Larry Berger, Amplify provides K–12 education captivating core and supplemental programs in ELA, math, and science, engaging all students in rigorous learning and inspiring them to think deeply, creatively, and for themselves. The company currently reaches more than 10 million students in 4,000 districts across all 50 states in the US, with a growing international presence.
Commenting on the funding, Larry Berger, Founder & CEO of Amplify, said,
“Amplify has experienced remarkable growth for six years in a row, is profitable, and is earning the trust of teachers and students. This moment is urgent for accelerating our ability to serve the needs of schools and districts. The magnitude of learning loss and the range of hybrid models for delivering instruction call for the kinds of products that Amplify builds. As impact-oriented investors, Emerson, Learn Capital, and A-Street Ventures raised a significant round in order to help us address these urgent needs by being a rapid reaction partner for districts across the country.”
Amplify learning gives students an LMS and adaptive educational games. Its insight offers teacher and administrators performance assessment through analytics, CMS and Amplify access provides professional learning resources. The platform works on the bulk-based pricing model where students can interact and share projects.
Rob Hutter, Head of Learn Capital, said,
“We focus on finding the most extraordinary teams working in education, and Amplify is a natural fit. Amplify stands at the center of a profound shift in K12 curriculum delivery that pairs an acceleration of digital learning with an unprecedented emphasis on quality in core instructional materials design. Amplify is uniquely positioned to benefit from both of these trends, and we’re thrilled to have this opportunity to participate in the company’s journey.”
Learn Capital, based in Silicon Valley, is one of the world’s leading venture capital funds with a dedicated focus on education technology and companies that leverage technology for better and smarter learning worldwide.
Marc Sternberg, Founder and Managing Director of A-Street Ventures added,
“At A-Street, we believe education can serve as a powerful engine of mobility, and now is the time for big leaps forward in transforming how students learn and how teachers teach. That’s why we are excited to partner with Amplify, a company that is lifting up the quality of daily instruction and leaning into digital-forward tools to accelerate learning.”
Amplify is dedicated to collaborating with educators to create learning experiences that are rigorous and riveting for all students. In May this year, the Brooklyn-based EdTech company launched its Skills Boost program, a grades 1-6 solution that works alongside any core program to provide 30 minutes of highly targeted foundational skills instruction each day. Amplify had acquired K-12 mathematics online learning company Mathigon earlier this month.
About the Author
Author: Shalini Pathak
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she’s an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Hoot Reading, a Winnipeg-based online learning platform that offers 1:1 reading lessons with experienced classroom teachers for children from Pre-K to Grade 8, has recently raised $3 million CAD in its seed funding round to fuel the expansion of its online tutoring platform.
The round was led by Spin Master Ventures (SMV) and supported by all of Hoot Reading’s initial angel investors, including Greg and Jeff Fettes of 24/7 InTouch and Neil Jaffe of BookNook. It brings Hoot Reading’s total funding to date to $3.9 million.
With the fresh capital, the company plans to broaden its reach in new markets to address the needs of underserved kids and scale its new Hoot for Companies corporate benefit.
Founded in 2017 by Maya Kotecha and Carly Shuler, Hoot Reading aims to “close the gap” on the 4th-grade reading slump and help children develop a lifelong love of learning. The platform connects kids to teachers through its video chat platform for live, one-on-one reading help. It also boasts a network of over 500 teachers, who deliver lessons based on a curated library of more than 2,000 texts for various reading levels.
Commenting on the funding, Maya Kotecha, Co-founder & Co-CEO of Hoot Reading, said,
“Parents are often shocked to learn that more than two-thirds of kids are reading below grade level by the fourth grade – and the pandemic significantly exacerbated this issue. With this funding in place, we can expand our team and scale our platform to meet the growing demand for our service.”
Since its launch in early 2018, the company has delivered over 100,000 online lessons. During the pandemic, Hoot Reading claims to have seen 10x growth, amid the COVID-induced shift to online learning. The startup also aims to aspire young leaders to stay engaged and focused on increasing comprehension and fluency.
Frederic Gunnarson, Spin Master’s Global Head, said,
“Amid the growing cultural awareness and acceptance of virtual learning, or tutoring more specifically, Hoot Reading has experienced impressive traction and exponential growth. We will benefit from Hoot’s deep knowledge of childhood education as we build our digital games edutainment business and are delighted they are one of Spin Master Ventures’ first investments.”
Hoot Reading is one of SMV’s first two strategic minority investments, as the fund has also invested in Nørdlight, a mobile game development company based in Stockholm.
Earlier in August, the company launched the Hoot for Companies (H4C), a corporate benefit that provides educational support to the children of working parents.
Hoot Reading had raised an undisclosed amount in a seed round led by co.lab in 2016.
About the Author
Author: Shalini Pathak
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she’s an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.