Nest Tech invests six-digit sum in Singapore edtech firm Kalpha

From Left - Jaden Teo, co-founder of Kalpha; Kit Leong; Soe Moe Kyaw Oo, managing partner of Nest Tech; Jack Soh, co-founder of Kalpha.

Nest Tech – a venture capital firm that targets investments in Singapore, Vietnam and Myanmar – has closed a six-digit dollar investment in Kalpha, Singapore-based education technology startup that helps connect and empower the community on skills, knowledge and experience sharing.

With the investment, Kapha’s valuation has reached a seven-digit dollar figure. The startup will use the proceeds to grow the business and for international expansion.

Kalpha has created a peer-to-peer mobile application that allows individuals to connect and learn from each other on a face-to-face basis, with an option to share.

“This is as much a strategic partnership as it is an investment, and we will work closely with Kalpha to grow their business and take it international,” said Soe Moe Kyaw Oo, managing partner, Nest Tech, in a statement.

Founded by Jack Soh and Jaden Teo, Kalpha was born out of Ngee Ann Polytechnic’s startup incubator The SandBox. The startup has also been awarded the SG Founder’s Grant by Enterprise Singapore.

Prior to Kalpha, the founders set up a third-party procurement company, which even clocked revenues during the four years of operation.

The investment in Kalpha is the fifth from Nest Tech that was established by Oo in 2018.

Nest Tech’s flagship investment was in Trophy Room, a peer-to-peer football gaming app from Singapore, followed by Edu2Review, an education review platform from Vietnam; Flexible Pass, Myanmar-based health and fitness app; and Mote Poh, a startup from Myanmar that offers employee benefits and rewards.

In a previous interview with DEALSTREETASIA, Oo expressed his intent to support startups to accelerate product development and market expansion in the most sustainable way. The investment firm is looking to back 20 technology startups over the next two years.

The investment firm is sector agnostic but favours education and impact investment bets.

Also Read:

EME Myanmar, Nest Tech invest in HR services startup Mote Poh

SEA-focused Nest Tech targets to invest in 20 startups in two years

Nest Tech joins Myanmar fitness platform Flexible Pass funding round

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.