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.