Social mobile learning platform Teamie, which claims to be the first of its kind in the Asia Pacific region, has secured a S$1.5 million ($1.1 million) in its pre-Series-A funding.
ACP Venture Capital, together with Spring Seeds Capital, led the pre-Series-A investment round. Other participants were Phystech Ventures and an angel investor. Venture capitalists ACP and Phystech Ventures see the Asia Pacific as a high growth market for both education institutions and enterprises.
Teamie seeks to create a collaborative learning community where learners can share, ask and discuss online with their peers and teachers.
With presence in Singapore and India, Teamie serves a marquee set of customers such as United World College South East Asia (UWCSEA), St. Joseph’s Institution (SJI) International School, International Baccalaureate (IB) and Uniteam Training.
A report by Ovum, a business intelligence firm specialising in telecommunications, media & technology (TMT), ‘Ovum Decision Matrix: Selecting an Online Learning Platform for Higher Education, 2015–16’, ranked the firm a market challenger in the area of online learning platforms (OLPs), alongside competitors Jenzaba and Moodle.
According to Teamie, proceeds from the investment will fund further product development, talent acquisition and drive partnerships to offer local delivery and support in both the education and enterprise segments across Asia Pacific.
Additionally, funds will also be allocated for research and development to build deeper learning analytics to create a personalized learning experience.
Shivanu Shukla, co-founder and CEO of Teamie, said, “We believe that we learn better when we learn together. Social platforms have become the de-facto mode of communication, and together with smartphones and cloud computing, they have changed how we live, work, play and learn.”