EduSpaze backs pre-series A round of Malaysian mentorship platform

Malaysia-based FutureLab, a startup that connects fresh graduates and young professionals to industry mentors, has raked in 2 million ringgit (US$480,000) in new money.

More funding details

• Lead investor: Sarawak Digital Economy Corporation
• Returning investors: Indelible Ventures and Singapore edtech accelerator EduSpaze
• Stage: Pre-series A

More company updates

• FutureLab said it currently has over 3,000 industry mentors across Malaysia, Singapore, and Indonesia on its online platform.
• It will use the new funds to scale its operations in Malaysia as it aims to onboard an additional 8,000 mentors.
• The startup also said it will expand its product development efforts, which include rolling out a new mobile app that includes support for languages such as English, Bahasa Malaysia, and Bahasa Indonesia.
• FutureLab’s announcement comes after it took part in the inaugural cohort of EduSpaze’s 100-day accelerator for edtech startups.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.