Indonesian edtech startup Gredu banks pre-series A money from Vertex

posted on 22 Jan 2020

Indonesian edtech startup Gredu announced that it has raised an undisclosed amount of pre-series A funding from Vertex Ventures Southeast Asia and India.

Gredu will use the new funds to further develop its app and complete its features, according to a statement.

Founded in 2016, the startup aims to create digital solutions that seek to optimize the role of teachers, parents, and students. It builds a centralized management system to digitize the school environment, supported by separate applications for the three groups. It also provides technical assistance before, during, and after the onboarding process.

Gredu has developed four products: Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student.

At present, it claims to have already worked with more than 200 schools, both public and private.

“The awareness on the improvement of Indonesian education has made Gredu realize its commitment by presenting a solution to digitalize the school environment that can handle holistic schooling administrative tasks,” said Mohammad Rizky Anies, CEO of Gredu. “Hopefully, this can create a more efficient, effective, transparent and measurable learning and teaching process within the ideal ecosystem.”

Gredu faces several rivals in the local edtech scene. One of the bigger players is Ruangguru, which just raised US$150 million in a series C round led by General Atlantic and GGV Capital. It’s also backed by East Ventures, Venturra Capital, and UOB, among others.

Source: TechinAsia
View original content here.


Recent posts

Nium opens innovation lab for fintech entrepreneurs

NIUM, one of world’s largest Global Financial Infrastructure Platform provider today announced the launch of “BOLT”, its unique platform to boost innovation in the global Fintech space, and help entrepreneurs speed their products / services to market.

22 Jan 2020
Read more

Validus Vietnam & NaFoods - Boost financing for Agric Sector

Validus Vietnam, the Vietnam entity of Singapore’s largest SME financing platform, Validus Capital (Validus), is collaborating with Nafoods Group JSC (Nafoods) to provide supply chain financing to Nafoods and the small and medium enterprises (SMEs) within its ecosystem.

22 Jan 2020
Read more

Kuku FM plans to strengthen podcast creator base reach with $5.5 Mn Series A Funding

The company has raised $5.5 Mn funding led by Vertex Ventures Southeast Asia and India. Founder Lal Chand Bisu mentioned funds will be used to add multiple languages on the platform. The team also plans to hire talent for its production and marketing support

22 Jan 2020
Read more