Roehl Niño Bautista · · 1 min readEast Ventures, Lightspeed co-lead edtech firm’s $16.6m raise
Singapore-based edtech startup Geniebook has raised US$$16.6 million in a series A round co-led by East Ventures and Lightspeed Venture Partners.
Geniebook co-founders Neo Zhizhong (left) and Alicia Cheong / Photo credit: Geniebook
Founded in 2017 by educators Neo Zhizhong and Alicia Cheong, Geniebook’s offerings cover English, Mathematics, and Science. It also helps personalize students’ education with blended learning features.
The online learning platform says that it has seen a 2000% revenue growth since 2019, having onboarded over 150,000 students across Southeast Asia. Geniebook’s headcount also grew fivefold in the same timeframe, employing 350 people mostly for its curriculum and engineering teams across its regional offices.
The latest round will fund the firm’s team recruitment and product development.
See also: Cash flow issues forced Geniebook to take its product public. Now it’s profitable and expanding
“With online pedagogy becoming essential, we must greatly enhance the digital experience to accelerate students’ learning,” said Neo Zhizhong, co-founder and CEO of Geniebook, noting that they are eyeing continued regional expansion. The startup entered the Vietnamese market earlier this year, and also has a presence in Malaysia and Indonesia.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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