SA’s FoondaMate raises $2m seed spherical to shut training inequality gaps

South African ed-tech startup FoondaMate has raised US$2 million in seed funding because it goals to shut international training inequality gaps utilizing its AI-powered studying platform.

Based by Dacod Magagula and Tao Boyle in August 2020, FoondaMate has constructed a chat-based, AI-powered studying bot that helps college students get quick, simple and secure entry to check supplies and assist through open chat platforms resembling WhatsApp and Fb Messenger.

The bot is utilized by over 400,000 college students, talking 11 languages throughout 30 international locations, and has greater than doubled its person base in six months due to viral development. FoondaMate is now focusing on additional development after securing a US$2 million seed spherical.

The spherical was led by LocalGlobe with participation from Emerge Schooling, FirstCheck Africa, LoftyInc, Future Africa, Luno co-founder Marcus Swanepoel and Justworks co-founder Isaac Oates. FoondaMate will use the funding to proceed rising its group, with a specific deal with engineering and product, whereas increasing into extra areas. The primary of those areas are Indonesia, the place FoondaMate is presently in beta, Mexico, Nigeria, Pakistan, India and Brazil.

“At FoondaMate, we imagine expertise is equally distributed but alternatives usually are not. There are sometimes competing components that contribute to instructional inequality – not simply in Africa, however internationally – and our know-how helps to universally handle these. It’s humbling to assume so many learners belief us to help their need to be taught and it’s a accountability we take extremely significantly. We’re thrilled to have traders that share our ardour and who imagine within the energy of revolutionising how and the place college students be taught,” stated Magagula.

Ziv Reichert, associate at LocalGlobe, stated FoondaMate’s viral development strongly mirrored how effectively the product resonates with learners, and spoke volumes to its group’s deep understanding of its customers’ wants. 

“Having initially launched with a mission to remodel how college students throughout Africa examine, FoondaMate has advanced right into a device that’s now used and beloved by learners from a spread of backgrounds, with various wants and studying kinds, from all internationally. We imagine that it takes immense empathy for an issue and an actual long-term view to construct a product of this type. With greater than 400,000 customers, it’s honest to say that Dacod and Tao are simply getting began and we’re delighted to be supporting them on their journey,” he stated.


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