SINGAPORE edtech startup Geniebook has raised S$1.5 million in a Pre-Series A funding round led by Apricot Capital, a diversified multi-asset private investment company based in the Republic.
In its media statement, Geniebook noted that global edtech revenue is expected to grow to US$40.9 billion by next year, with much of the growth driven by demand from the Asia-Pacific region, which will represent 54 per cent of the edtech market by 2020. Geniebook was founded in 2016 by two former tutors, Alicia Cheong and Neo Zhizhong, who have a combined teaching experience of more than 20 years. They previously founded School Plus, a learning centre, in 2007.Geniebook was initially only available for School Plus students, but the founders made the platform public in 2017 after noting improvements in their own students.
"Through attempting worksheets targeting their weaker concepts, we realised that our students showed a significant improvement compared to repeated practice using general assessment papers. This led to the creation of the Geniebook platform, which curates targeted worksheets based on each individual student’s strengths and weaknesses,” said its CEO Mr Neo.
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Source: BusinessTimes - 🏆 15. / 51 Read more »