Education tech startup, CoLearn, announced has raised Series A funding worth of US$10 million, co-led by Alpha Wave Incubation and American-based investor, GSV Ventures. Beside them, the existing investors such as Sequoia Capital India’ Surge and AC Ventures also participated in the round.
The tech firm was founded by Abhay Saboo, Marc Irawan, and Sandeep Devaram and launched in August 2020. Now, their servives has been downloaded by 3.5 million times and has around one million active users. The Jakarta-based startup offers more than 250,000 pre-recorded videos.
The company, which has its technology teams in India, looks to double its employee count by the end of the year, with a focus on recruiting for data science, product, and engineering roles across India, Indonesia, and the United Arab Emirates.
Recently, Cento Ventures reported, Southeast Asian technology investment may not hit new records throughout 2020, but startups in the region have faced various challenges and have proven themselves to be able to find new opportunities to grow and attract new investment.