APAC Digest: Kidaptive closes $19.1m Series C; Everproof raises $1m+ seed round

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

By Shiwen Yap

February 21, 2018

Kidaptive has closed a $19.1 million Series C backed by Korea’s Woongjin ThinkBig while Australia’s Everproof has closed a seed round backed by Reinventure.

Kidaptive closes $19.1m Series C backed by Formation 8 & Woongjin ThinkBig

Kidaptive, an adaptive-learning company, has closed a $19.1 million Series C investment led by Formation 8 and Woongjin ThinkBig, a Korea-based education company.

Kidaptive will use the funding to grow its Adaptive Learning Platform (ALP) for the global education market. The team plans to extend ALP’s core functionality of adaptivity and personalization by developing new features such as enhanced parent and teacher insights, score prediction and adaptive assessment development.

“Big data for learning is finally beginning to take off thanks in part to our pioneering efforts in this area. And our partnerships are ramping up as companies realize they must give contextual meaning to the torrent of data coming in and create personalized experiences for their learners,” said P.J. Gunsagar, Kidaptive’s CEO and co-founder.

Everproof closes $1m+ seed round

Australian digital identity verification startup Everproof has announced the completion of an A$1.5 million ($1.17 million) seed financing round. The round was led by Westpac-backed Reinventure, with additional backing from investment firm Allectus Capital, it said in a release.

Investment proceeds from this round will finance talent acquisition and product development. The firm plans to raise a Series A round from US-backed VCs in 18-24 months.

The firm had previously raised an A$100,000 pre-seed investment and was founded in 2016 by chief executive Nathan Merzvinskis and co-founders Hugh Krantz and Andreas Limberopoulos. The company offers a digital solution for employees to enter in their accreditations, which then created a continuous profile for those employees to share with employers.

 

The company successfully underwent Blackbird Venture’s Startmate accelerator.

Also Read: 

APAC Digest: S Korea’s VIG Partners to acquire Winplus for $69m; Japan’s MC-UBS Realty to buy 10 properties

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW