Edtech startup CoLearn has raised an additional $17 million as part of its Series A follow-on funding, closing the Series A round at $27 million.

The funding round was led by TNB Aura, KTB Network, and BINUS GROUP. Existing investors AWI, Sequoia Capital India’s Surge, GSV Ventures, Leo Capital, AC Ventures, and January Capital also participated in the funding round.

As per the startup, the raised funds will be deployed to strengthen CoLearn’s go-to-market strategy, enabling the company to further expand its paid user base in Indonesia. 

CoLearn | Online K-12 Live Learning And Homework Help Platform

Launched by Abhay Saboo, Marc Irawan and Sandeep Devaram in August 2020, CoLearn is an online K-12 live learning and homework help platform that has amassed over 4.8 million users with over 85 million questions asked to date.

As per the startup, in 2021, the number of questions asked grew 5x with its AI-powered problem-solving platform, alleviating students’ as well as parents’ problems concerning doing homework. 

Speaking about the development, Abhay Saboo, Co-founder and CEO of CoLearn, said,

“CoLearn is not only helping students build a strong foundation in STEM subjects but also has an immediate impact, as over 80 percent of our subscribed students have seen an improvement in their grades.”

As per Abhay Saboo, the startup is actively working towards changing the mindset around online tutoring with our offering that blends AI and interactivity.

The edtech startup claims to offer video solutions with clear, concise explanations and has a robust technology team operating out of India and UAE that focuses on building innovative solutions for the platform. CoLearn is actively looking at expanding its team size and recruiting for data science, product, and engineering roles in these countries.

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.