Updated: May 19, 2021
KOCO today announced that it has received a seed investment of S$700,000 by an undisclosed family office. This investment comes at an extraordinary time for KOCO as its EdTech services - KOCO Paper and KOCO Schools, are gaining business momentum during this pandemic. KOCO, with operations in both Singapore and Indonesia, has increased its user base to 11,000 in a span of 5 months.
The funding will accelerate KOCO's growth strategy to meet the rapidly evolving needs in the education ecosystem. KOCO will further invest in identified strategic areas of growth, including its Artificial Intelligence (AI), and interactive end-to-end learning enablement platform for teachers, students, and parents.
Lenie Chow, Founder and CEO said, "Since its founding in March 2020, KOCO will continue to provide increasing value to parents, students and teachers. We have scaled rapidly in Singapore and Indonesia by anticipating and addressing consumer needs with a data-driven strategy underpinned by a talented team. The investments will accelerate the growth plans we have identified as more parents and teachers move towards digital solutions for education."
Reposted Article from: https://www.asiaone.com/business/singaporean-woman-founder-edtech-start-koco-secures-sgd700k-seed-funding-and-launches-koco