FoondaMate, a South African ed-tech startup, has raised $2 million in seed funding
FoondaMate, a South African ed-tech startup, has secured US$2 million in seed funding so as to use its AI-powered studying platform to beat world schooling inequality gaps.
LocalGlobe led the spherical, which included Emerge Training, FirstCheck Africa, LoftyInc, Future Africa, Marcus Swanepoel, co-founder of Luno, and Isaac Oates, co-founder of Justworks.
FoondaMate, a chat-based, AI-powered studying bot based by Dacod Magagula and Tao Boyle in August 2020, lets college students acquire quick, straightforward, and secure entry to check supplies and assist through open chat platforms reminiscent of WhatsApp and Fb Messenger.
Greater than 400,000 college students throughout 30 international locations use the bot and its person base has greater than doubled within the final six months as a result of virality.
“At FoondaMate, we imagine that whereas expertise is distributed evenly, alternatives are usually not. There are various conflicting variables that contribute to academic disparity around the globe, not simply in Africa, and our know-how helps to resolve all of them. It’s gratifying to assume that so many learners put their religion in us to assist them pursue their ardour for studying, and it’s a accountability we take very severely. “We’re ecstatic to have buyers who share our enthusiasm and perception within the potential to vary how and the place college students examine,” Magagula mentioned.
After securing a US$2 million seed spherical, FoondaMate is now trying to broaden.
FoondaMate plans to make use of the funds to broaden its group, with a particular give attention to engineering and product growth, in addition to broaden into different markets.
The primary of those areas is Indonesia, the place FoondaMate is now in beta, adopted by Mexico, Nigeria, Pakistan, India, and Brazil.
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