23/10/2019 – Philippines edtech startup Edukasyon.ph has made an initial close of its Series A funding round raising an undisclosed amount from a number of Asian and European investors.
Investors in the funding round include EduLab Capital Partners, Obunsha Ventures, Alternate Ventures, Foxmont Capital Partners, Lorinet Foundation, French Partners, First Asia Venture Capital, and KSR Ventures.
This initial close of the Series A funding round came more than a year after Edukasyon.ph raised an undisclosed amount pre-Series A funding round backed by KSR Ventures and French Partners.
Since its inception in 2015, the Manila-based startup has provided 10 million visitors annually the access to senior high school, colleges, and universities, scholarships, online courses, and other resources that help to enable successful education to employment pathways.
The education startup is also currently in partnership with more than 500 educational institutions and 50 corporations and foundations.
Earlier in April this year, Edukasyon.ph has also acquired FindUniversity, an online directory of colleges, universities and academic programs offered across the country. FindUniversity enables access to more than 20,000 academic programs offered in over 900 higher education institutes across the Philippines.
In the coming months, Edukasyon.ph said it will unveil new platform features and strengthen its network of partners from all sectors across the country. It also plans to launch offices in Cebu and Davao to establish a nationwide presence by this year.
“This opportunity allows us to deepen our focus on product development, to not only broaden the platform’s reach but more importantly, to create a more meaningful and measurable engagement with each user,” said Edukasyon.ph’s CEO and Founder Henry Motte-Muñoz.
There are two million teenagers in the Philippines who turn 18 every year, and up to 80 percent of them are left behind between higher education to employment which result in poor life outcomes.
Ultimately, Edukasyon.ph aims to create a solution as a centralized resource and knowledge station to empower Filipino Gen Z youth to make self-aware education decisions that will lead to a fulfilling career and life.
“We are grateful for partners who believe in our mission and the critical role technology can play in improving education to employment outcomes for the Filipino youth,” Henry added.
This news is published on Reuters.