An unknown sum was obtained in a bridge fundraising round by the Philippine edtech firm Edukasyon.ph. KSR Ventures, Lorinet Foundation, and new investor Bisk Ventures all contributed to the fundraising effort.
Edukasyon.ph, a website founded in 2015 by Henry Motte-Munoz, provides Filipino students with online access to resources for senior high school and university studies, including scholarships, online courses, and internships.
Several organizations have partnered with the firm, including Rex Publishing, Amazon Web Services, Unilever, the Asian Development Bank, UN Women, and Ateneo de Manila University.
According to Edukasyon.ph, the firm increased its sales since the series A round’s closing in 2020 and turned a profit in its B2B segment. The site boasts an 8 million-student community and is almost at 1 million registered members.
With the additional funding, the business intends to continue investing in Edge Tutor, an online K–12 English and Math tutoring program for pupils between the ages of four and sixteen. The program, which was trialled in May, is Edukasyon.ph’s third offering following its future skills training platform Advance and college and career counselling service Finder.
The market for education in the Philippines is thought to be worth over $20 billion USD, according to the startup.
“We are very excited to enter the local academic support space – a fast-growing, fragmented, and still very traditional multi-billion industry. The Philippines is now where India was seven or 10 years ago,” Motte-Munoz said in a statement.
