Sequoia-backed edtech startup CoLearn secures $10m in series A round

Indonesia’s CoLearn, an AI-backed edtech startup that provides a platform for online classes and livestreamed homework and exam assistance, said it has raised US$10 million in its latest round of funding.

More funding details

• Lead investors: Alpha Wave Incubation and GSV Ventures
• Returning investors: Sequoia Capital India’s Surge and AC Ventures, among others
• Stage: Series A

More company updates

• The company said it will invest the fresh funds in product and technology development, hiring, and marketing.
• GSV Ventures’ participation in the round marks the US-based edtech investor’s first bet in Indonesia.
• Since launching its online learning platform in August last year, CoLearn said it has scaled to reach roughly 3.5 million students to date.
• In April last year, it was announced that CoLearn had entered into the third cohort of Sequoia India accelerator Surge.
• The company offers a live tutoring platform like Tencent-backed Chinese edtech Yuanfudao for grades 7 to 12 in Indonesia.

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.