8/3/2019 – Kalpha, an edtech startup based in Singapore that focuses on knowledge sharing has recently secured a funding from Nest Tech, a venture capital firm that focuses on seed-stage tech startups.
The investment is said to be a six-figure sum and will be used to grow the business, expand the team, and marketing purposes.
Jack Soh and Jaden Teo founded Kalpha in order to create a mobile platform that enables like-minded individuals to discover, connect, and meet up in order to learn and exchange skills, knowledge, and real-life experience.
The startup idea was incubated in The SandBox by Ngee Ann Polytechnic and has also been awarded the SG Founder’s Grant by Enterprise Singapore.
“Kalpha is a technology startup that truly embodies the sharing economy,” said Soe Moe Kyaw Oo, the Founding Partner of Nest Tech.
“We have great faith in the founders and their vision to revolutionise the way in which we learn new skills and knowledge. This is as much a strategic partnership as it is an investment, and we will work closely with Kalpha to grow their business and take it international.”
The two founders designed the sharing sessions to be a one-on-one basis, as well as making it convenient in terms of time flexibility.
The app is currently available on the Google Play Store and Apple App Store, and users can learn new knowledge at a cap price of S$80 (about US$59) per session.
In 2018, Soe Moe Kyaw Oo set up Nest Tech to focus on technology startups in Singapore, Vietnam, and Myanmar. Its investment portfolio currently includes
- Trophy Room, a peer-to-peer football gaming app in Singapore
- Edu2Review, an education review platform based in Vietnam
- Flexible Pass, a health and fitness app in Myanmar
- Mote Poh, an employee benefits and rewards programme in Myanmar
This news is published on Reuters.