Philippine's Edukasyon Extends Series A Funding to Boost Online Tools for Gen Z Students

Venture capital firms that participated in the round include Alternate Ventures, French Partners, Lorinet Foundation, KSR Ventures, Mustard Seed and a set of other new investors

learn more about Shipra Singh

By Shipra Singh

Pixabay

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Philippines-based education technology (edtech) startup Edukasyon.ph has closed second tranche of its Series A funding round. The deal size was not disclosed.

Venture capital firms that participated in the round include Alternate Ventures, French Partners, Lorinet Foundation, KSR Ventures, Mustard Seed and a set of other new investors.

The extended funding follows closely after the edtech startup's Series A funding in October 2019.

Founded in 2015 by Henry Motte-Muñoz, Edukasyon is a one-stop platform that offers students choice, advice and convenience as they make their higher education and career decisions. Students can search, compare and apply to higher education institutions and online courses through the online marketplace.

Students use the platform to engage with leading corporations, foundations and non-profit organizations and as a resource for guidance and advice to pursue a successful path from education to career, the company said in a statement.

"In the past five years, we've grown Edukasyon.ph from a search-and-apply website to a holistic platform that guides students through day-to-day choices on education, career and lifestyle. We're grateful for investors and partners who continue to support us in creating tech-driven solutions that empower our Filipino students to thrive no matter what path they choose," said founder and CEO Motte-Muñoz.

Since its last fundraise, Edukasyon has partnered with 700 schools in the Philippines and overseas and onboarded about 500,000 registered student users.

Like most edtech startups worldwide, Edukasyon too has witnessed significant growth due to Covid-19 pandmeic-led lockdowns.

"Since the start of community quarantine, we've fielded 100,000 student inquiries—20 times more than our average pre-pandemic. We're proud that our students' growing need for resources has been met with partners across industries who are leveraging Edukasyon.ph to ensure access to information, tools and other learning opportunities that help secure the future of our Gen Z youth," said Grace David, chief marketing and partnerships officer, Edukayson.

With the fresh funding, Edukasyon.ph said it will focus on building new features, deepening its student engagement and offering more educational counseling.

Shipra Singh

Entrepreneur Staff

Freelance Journalist

Now a freelance journalist, ealier steered the Wealth section on the Entrepreneur website, covering everything finance. Previously a personal finance reporter at The Economic Times and Outlook Money.

Related Topics

News and Trends

Scam 2023: Inside The World Startup Convention Disaster

To many, the speaker line up for the World Startup Convention (WSC) which had been scheduled for March 24-26, 2023 at Greater Noida may have seemed too good to be true.

Business Plans

5 Things to Know and Do Before Writing Your Business Plan

If you need a business plan, there are certain things you need to know and do before you sit down to create it. In this article, you'll learn five things to complete before writing your plan to ensure you get the best results.

Growing a Business

Scaling Made Easy: How to Scale Your Business like a Fortune 500 Company

Once you have the night-vision skills of Fortune 500 restaurants, scaling becomes effortless. Here are 3 ways to scale, hidden in plain sight.

Starting a Business

90% of Online Businesses Fail in Just 4 Months. You Can Avoid the Same Fate By Using These Strategies.

It's not catastrophizing when we think about potential failure; it's in fact a chance for any business to precisely see any outcome and prepare in advance.

Leadership

Improving Yourself Takes 9.6 Minutes of Work Each Day

Micro-habits are the antidote to a chaotic world, offering a pathway to sustainable change.