Australia: Perle Ventures, Alium Capital lead $1.7m Series A in Academy Xi

Visual from Academy Xi's Facebook page.

Perle Ventures and Alium Capital recently led a $1.7 million (AUD2.25 million) Series A round in Academy Xi, a Sydney-based reality edutech startup.

Academy Xi will use the funds to expand its business into Singapore, the SmartCompany reported.

Founded in 2015, Academy Xi seeks to solve the shortage of skilled digital talent, a gap which it claims “traditional education models are not able to support.” It offers short, practical and skill-specific courses for people or companies wanting to upgrade their capabilities in design and innovation.

Led by co-founders Ben Wong and Charbel Zeaiter, the edutech startup is likely to bring 1,300 skilled people into the Academy Xi community over the next 12 months, while also teaching 8,500 students in shorter classes, workshops and courses, the report added.

The edutech startup has set its sights on expanding in Africa, Vietnam, Myanmar, and Cambodia, among others.

Academy Xi previously raised up to $250,000 in a seed round last year backed by innovation consultancy Vivant, and Muru-D co-founder and CodeClub chair Annie Parker.

Also Read: Australia: Marketing tech firm Simple secures $10m funding from SparkLabs, Perle Venturest

Edutech platform Coursera raises $64m in Series D funding

India: Edutech startup Byju’s raises $30m from Verlinvest

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.

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.