Flying Cape received US $1.5 million in funding to expand its edutech platform in Southeast Asia and China
Flying Cape, a Singapore-based edutech firm, has raised US$1.5 million in Series A funding from Start-up O, EduSpaze, and unnamed angel investors.
The money will be used to expand the startup’s operations in China and Southeast Asia, according to a news release. This will create an integrated educational environment that would allow overseas learners to access Singapore’s educational curriculum and resources.
The Board of Advisors of Flying Cape has welcomed Dr. Paul Kim, CTO and Assistant Dean of Stanford University’s Graduate School of Education. He will direct the creation of technology tools to support the startup’s educational development goals, recommendation framework, and curriculum development process.
Flying Cape was founded in 2015 to assist parents in understanding their children’s learning styles, hobbies, and passions. It also assists families in locating appropriate classes for their children by providing customised recommendations based on the results of its own SMART diagnostic evaluation tools.
According to the company, it powers ten SMART markets that serve a wide variety of learners, from toddlers to adults. It has worked with almost 1,000 partners in Singapore and throughout the world.
Flying Cape claims that its traffic and transaction volumes have increased by more than 400% in the last year as the epidemic has changed the educational environment. “Through this period, we have seen local education players in Singapore evolve, and emerge with more innovative digitalised content and engaging learning concepts to better prepare learners for the future,” said founder and CEO Jamie Tan.
“To give learners more options for finding just the right fit for their learning, we are also working closely with overseas education providers to offer a larger variety of enrichment options — such as Chinese Language and Art educators from China and music instructors from London,” said Lydia Ang, Head of Business Development at Flying Cape.
In September, Flying Cape will launch the Flying Cape Ontario Secondary School Diploma (OSSD) curriculum in China. Through the creation of interactive learning modalities supported by multilingual teachers, it provides students with the essential abilities required for higher education.
The growth comes as China imposes an unprecedented ban on tutoring organisations that make money by teaching essential topics after school, as well as prohibiting companies that run edutech platforms from obtaining financing through initial public offerings.
