Zenius Announces Pre Series B Funding; Revenue Boost Supported by "Live Class"

Zenius edtech startup today (05/1) announced the pre-series B funding round with an undisclosed amount. Alpha JWC Ventures and Openspace Ventures joined the list of new investors, participated also in this round the previous investors, Northstar, Kinesys, and BeeNext.

The fund is to be focused on platform development, amidst increasing market demand. Previously, Zenius has announced series A funding worth $20 million in February 2020.

In addition, the online learning platform claimed strong growth throughout 2020. In fact, per second semester last year, income has increased by 70% compared to the same period in 2019. Zenius provided loads of free learning content during the first half of 2020, to support the learning from home initiative in the midst of the Covid-19 pandemic.

In June 2020, along with rebranding and app updates, Zenius started adopting a freemium business model. Nearly 50% of Zenius' revenue comes from the Live Class feature. Since its launch in March 2020, user growth is said to increase by 10 times with a retention rate of 90%.

Currently, Zenius receive an average rating of 4.9 (out of 5) for its classes, with attendance reaching 400 students, and breaking records with 10,000 users in one 60-minute math session.

Based on SimilarWeb data, the Zenius.net site gets an average of 3-4 million visits every month. On the Android platform, the application has been downloaded by more than one million users.