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Hello reader,
Sometime last year, I had the opportunity to work on an episode of Tech in Asia Explains, which was centered around edtech. It was a fascinating experience to dive into the world of edtech, exploring how technology can completely revolutionize the way we teach and learn.
Edtech is certainly here to stay, and I’m keen on seeing how the industry will develop and transform in the years ahead.
However, for firms in the space to keep innovating, they need funding. Today, we’re taking a look at the investors that have backed education startups in Southeast Asia.
Today we look at,
- The VC firms investing in Southeast Asia’s edtech startups
- An HR startup that’s just come out of stealth mode
- Other newsy highlights such as JD.com and Shopify’s new partnership and Animoca Brands’ latest fundraise
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Behind the big bucks going into edtech
Image credit: Timmy Loen
Education is a rising vertical in Southeast Asia, but who are the investors putting money into the region’s edtech firms? We take a look at the investors who have backed the most edtech startups over the last two years.
- Eight is great: Topping the list with eight edtech investments in the last 24 months is 500 Startups. The firm invested in companies such as Nas Academy, Pandai, and Conicle, among others.
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High five: Singapore edtech accelerator EduSpaze and Surge, a scale-up program for startups in India and Southeast Asia, are tied for second place, having invested in five edtech startups each over the last two years. EduSpaze has backed firms like FutureLab and Noodle Factory, while Surge counts Tigerhall and Virtual Internships among its portfolio companies.
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Third place for this quartet: Four firms sit in third place, having each invested in four edtech startups in Southeast Asia. The four investors are Taurus Ventures, AC Ventures, XA Network, and Shunwei Capital.
Read more: Series SEA: Who’s investing in the region’s education startups
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