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Edukasyon.ph secures Series A funding

3 min read

Oct 28, 2019

Last week, Edukasyon.ph, announced the initial close of its Series A financing round, joined by Asian and European investors including EduLab Capital Partners, Obunsha Ventures, Alternate Ventures, Foxmont Capital Partners, Lorinet Foundation, French Partners, First Asia Venture Capital and KSR Ventures.

The undisclosed amount raised in Series A comes on the heels of Edukasyon.ph’s pre-Series A round closed in May 2018 and an investment from the Gobi-Core Philippine Fund in early 2019.

“We are grateful for partners who believe in our mission and the critical role technology can play in improving education to employment outcomes for the Filipino youth,” said Edukasyon.ph CEO and Founder Henry Motte-Muñoz. “This opportunity allows us to deepen our focus on product development, to not only broaden the platform’s reach but more importantly, to create more meaningful and measurable engagement with each user.”

Koji Takahashi of EduLab Capital Partners, a new investor in Edukasyon.ph, stated, “We are thrilled to be joining Edukasyon.ph in creating value for the youth and various educators in the Philippines. This marks EduLab Capital Partners’ first investment in the Asia Pacific region, and we are excited to extend our global presence and network to aid successful startups in transforming education through innovation.”

Michael Dargani, President and CEO of IceDream Inc., who also invested through the Series A round, added, “I am very pleased with the progress Edukasyon.ph has made in such a short period of time, which is a real testament to the vision, hard work and competence of the team. I am certain that with this funding round, they will reach even greater heights.”

In the Philippines, out of 2 million who turn 18 each year, up to 80 percent are left behind between higher education to employment, resulting in poor life outcomes. Edukasyon.ph was created as a solution to centralize resources and facilitate inquiries and applications to various schools, so that students can take control of their options and be equipped for better decision-making.

Building on its comprehensive search-and-apply platform for schools and scholarships, Edukasyon.ph has introduced new verticals, connecting students to online courses, technical-vocational programs and internships.

Over the past year, Edukasyon.ph has also significantly expanded its content offering, through multimedia channels that provide students guidance for navigating student life and career preparation. These offerings have cultivated campaign partnerships with leading corporations, which seek new targeted approaches to engage with Gen Z at scale.

Judge Calimbahin, Chief Strategy Officer at Edukasyon.ph, said, “Our hope is to continue building a holistic education ecosystem online, so that together we can eliminate job-skills mismatch and help the youth rise above industry demands. With continued investment from our partners, we will be able to leverage insights to refine products and services that address the ecosystem’s various needs.”

In the coming months, Edukasyon.ph will unveil new platform features as it strengthens its network of partners from all sectors across the country and beyond.

Franco Verona, Managing Partner at Foxmont Capital Partners added, “For emerging markets across Asia-Pacific, especially within a dynamic economy like the Philippines, the youth represent hope for sustained and responsible growth. We are happy to be supporting Edukasyon.ph as it takes on new initiatives to support the next generation of leaders.”

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For inquiries, contact Judge Calimbahin, Chief Strategy Officer (jcalimbahin@edukasyon.ph) or Rianna Puno, Head of Public Affairs (rpuno@edukasyon.ph)

 

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