Kalpha raises six-figure funding to allow P2P exchange of knowledge, skills, experiences on its platform
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.
(From left): Kalpha co-founder Jaden Teo, Nest Tech VN founder and managing partner Soe Moe Kyaw Oo, and Kalpha Vietnam chief marketing officer and co-founder Tri Nguyen
With the new funding, the startup plans to extend its product offerings by introducing new features to its existing platform.
The fresh funds will be used to extend Kalpha’s offerings
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.
“Kalpha advocates learning beyond school. The vision of Kalpha is to promote lifelong learning where users are empowered to meet others to learn and share their experiences. Through those meetups, Kalpha hopes that users can then make better and more informed decisions before embarking onto certain life paths,” explained Co-founder Jack Soh.
“The opportunity to learn from an experienced individual in a personalised setting on real-life topics are limited, and Kalpha fulfils that gap in the market,” he added.
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 a 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.
Source from: e27.co