East Ventures leads seed funding in Indonesia’s ‘SaaS for K-12’ startup Quintal

Saas for Indonesian K-12, Quintal, has raised an undisclosed amount of seed funding led by local venture capital firm East Ventures. Quintal builds an all-in-one learning management, student information, and school management system for Indonesian K12.

Prior to the investment, Quintal boot-strapped for one and a half year, focusing itself on product development. Quintal CEO and co-founder Danny Saksono said the new funding will be used to expand their team and market reach.

“Now that we have found our product market fit, this funding from East Ventures couldn’t have come at a more opportune time,” he said in a statement.

“We are ready to step on the gas in terms of growing our engineering and customer acquisition team,” he added.

Quintal is built around the idea of solving administrative inefficiencies that have been plaguing Indonesian education system for decades – from correcting papers and calculating student scores, to painstakingly preparing all the data needed for school accreditation.

The company takes away most of these menial administrative tasks that have occupied the educators time, helping them to be more effective and reach their full potentials.

Henry Fausta, Quintal COO and co-founder said, the company currently targets private and public schools in Greater Jakarta area, but will soon expand their reach to other provinces in Java. The firm now has on boarded five private schools with more than 2,000 students and over 2,3000 parents and faculty on its platform.

“There are more than 250,000 schools in Indonesia, and the majority of paperwork and documents handling are still non-digital. We discover that more Indonesian schools now are interested to adopt cloud based software system,” Fausta explained.

Quintal facilitates online learning by allowing teachers to conduct online tests and assignments on board the system. Furthermore, the platform ensures that student scores are constantly updated for immediate online viewing by parents, and for printing end of semester report cards.

Meanwhile, Quintal CTO and co-founder Pieter Jontera Lius said there are a number of challenges faced in digitizing the Indonesian education system.

“The biggest challenge in scaling our system lies in the variety of grading mechanism used by schools in Indonesia…Ultimately, our system has to be able to produce whatever information printed on a student report card, and the experience must be seamless and convenient for all parties involved,” Lius said.

Quintal currently supports Indonesia’s kurikulum 2013, KTSP, and Cambridge, three of the most widely used curricula in Indonesian schools today.

Apart from academic solutions, Quintal also helps schools in keeping tract of student attendance and punctuality. The firm is extending its product suite to include online fees processing solution starting 2016 – 2017 year. This will help schools in processing payments, such as school fees, tutoring, and development fees.

Also Read:

East Ventures, Skystar Capital lead pre-series A funding in Indonesia’s Talenta 

Indonesia news app Baca lands $20m Series B from Bertelsmann Asia, others

Indonesia: Pool Advista $30m rights issue, Equity Development ups stake in unit, Graha Prima cuts offering to $49m

Indonesia’s Angin funds three new startups, adds more angels

Singapore Reporter/s

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

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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.