Gredu to Close Series A Funding, Mapping for Expansion This Year
Gathering 350 thousand users from 300 schools who use the platform
Edtech becomes one of the few sectors that has been gaining positive impact during the pandemic. The new online habit of teaching and learning activities through digital channels has made Gredu's distance learning system the best option for schools. Entering the new year, Gredu aims for expansion as the next focus.
Gredu's Sales Lead, Theresia Andina said that the team is targeting to collaborate with at least 200 schools or convertible to 70 thousand new users for the first quarter of this year. The expansion will be focused on areas such as Pangandaran, Yogyakarta, Tangerang, Cirebon, and Southeast Sulawesi.
"From 2021 onwards, there is still a great potential in Indonesia to be explored, although each school has different facilities and infrastructure," Andina said.
Market expansion certainly requires additional capital. Andina mentioned that Gredu has prepared to raise another funding round this year. "Series A funding in the middle of the year," she added.
When Gredu introduced the school digitization app in January 2020, they announced the pre-series A funding led by Vertex Ventures. Meanwhile, in the seed funding round, they received fund from angel investors and Global Wakaf Corporation.
2021's current plans
In addition to school collaboration for distance learning, Andini explained, Gredu had done several other things. Some of these include running mobile assistance campaigns for students in need of online training.
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