Edukasyon.ph, an education technology startup in the Philippines, has made another close of its Series A funding round, raising an undisclosed amount from a number of new investors, according to a company announcement.
Henry Motte-Muñoz, which founded the company in 2015, said the second tranche of the Series A funding was backed by Alternative Ventures, French Partners, Lorinet Foundation, KSR Ventures, Mustard Seed, and other new investors.
Since the initial close of its Series A financing round in 2019, Edukasyon has rebranded its platform, grew its partner schools to 700, and hit the 500,000 registered student users mark.
Edukasyon claims to draw 10 million annual visitors to its platforms by offering access to senior high schools, colleges and universities, scholarships, online courses, and other resources that enable successful education to employment pathways.
With the continued Series A funding, Edukasyon.ph will focus on building new features, deepening its student engagement and offering more educational counseling. Henry Motte-Muñoz, Edukasyon.ph Founder & CEO said,
“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,” Motte-Muñoz said.
Grace David, the startup’s chief marketing and partnerships officer, said edtech startups in the region have seen many positive trends in the education sector amidst the COVID-19 pandemic.
“In addition to our startup’s growth, COVID-19 has enabled us to help accelerate the digital transformation of our education ecosystem. Since the start of community quarantine, we’ve fielded 100,000 student inquiries — 20 times more than our average pre-pandemic,” David added.
According to data earlier cited by Edukasyon, about 1.6 million of Filipinos who turn 18 each year are left behind between higher education to employment, resulting in poor life outcomes.
Last year, Edukasyon.ph acquired FindUniversity, an online directory of colleges, universities, and academic programmes offered across the country, for an undisclosed amount. FindUniversity, launched in 2010, enables access to over 20,000 academic programmes offered in over 900 higher education institutes across the Philippines.