Jungle Ventures participates in education startup Edrolo’s funding round

Visual from Edrolo website

Australia-based online education startup Edrolo said it has raised $2.6 million in a venture round led by AirTree Ventures and Blackbird Ventures with support from Singapore-based  Jungle Ventures, Roger Allen and others.

With the latest round, Edrolo has now raised a total of $3.2 million, and it plans to use the proceeds to expand its content library, cover more subjects and cater to a larger number of schools.

According to co-founder Duncan Anderson,the data Edrolo provided to educators offered significant value addition to the tools teachers currently used. Students are automatically marked on its platform that also allows self evaluation, and these self-marked assignments are then given to teachers. Its online test results also facilitate assessment of the strengths and weaknesses of students after the completion of topic areas. This helps expand the tools available to educators and augments their capabilities in education delivery, enabling teachers to create targeted solutions, catering to individual student needs, Anderson added.

Founded in 2013, Edrolo is currently available in the Australia states of Victoria and New South Wales. The product has also been launched in the US market, with a focus on SAT takers.

A graduate of the Startmate acceleration programme, Edrolo provides learning resources for Year 12 students. Online videos, marked exam practices and study planning tools are part of the resources, with subject teachers delivering the videos and earning royalty fees for their work.

According to co-founder Jeremy Coxteachers were easily sourced, as most school communities know the best teachers and aim to access their expertise. With 130 schools and roughly 20,000 students using the platform as of May 2015, this is a significant increase from the 40 schools where the platform was deployed a year ago. Schools are charged an annual fee of $25 per subject per student, with many institutions generally signing up for all 15 subjects offered.

Anderson explained, “Our mission has been to improve education by driving personalised learning outcomes through informed teaching of students. It was once a whole lot of paper questions. You’d need to spend time putting it all in a spreadsheet. With Edrolo you can get all that data in one place.”

AirTree Ventures partner Daniel Petre stated, “Edrolo has built a phenomenal product that is benefiting from a full stack approach to learning. We are excited to be part of Edrolo’s journey as they deliver to educators something that has been dreamed about for decades. The number of leading academic institutions already using their product is testament to the bright future ahead for the company.”

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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.