Singapore: Kalpha, a Singaporean edutech startup, announced today it has closed a six-figure seed extension round, led by existing seed-stage investor Nest Tech, with participation from several undisclosed angel investors.
With the new funding, the startup plans to extend its product offerings by introducing new features to its existing platform.
Founded in 2018, Kalpha is a P2P platform where individuals can connect and meet up virtually or physically to learn and share their skills and knowledge on a one-on-one basis.
Users on the platform can either sign up as a sharer or a learner and use the service accordingly. Sharers will have to curate a listing of their skills and knowledge and learners will then schedule the meet-up date and proceed to learn whatever skill they want to learn.
In terms of growth, the company has shown a positive trajectory having more than 70,000 downloads, over 2,000 listings and 2,500 completed sessions since its launch in January 2019. It also managed to successfully roll out its services outside of Singapore in Vietnam during July 2020.
“Southeast Asia will be Kalpha’s key target market as people in developing countries are always hungry to learn. Having said that, we’re experiencing very healthy growth in user traction in Ho Chi Minh City, Vietnam, since our rollout in July 2020,” noted C0-founder Tri Nguyen.
The firm plans to roll out its new gamification features as well as a question and answers (Q&A) forum to strengthen its existing P2P model.
Kalpha was incubated in The SandBox by Ngee Ann Polytechnic and was also awarded the SG Founder’s Grant by Enterprise Singapore.
Last year, Kalpha raised an undisclosed amount of seed funding from Nest Tech.