Singapore-based edtech startup Kalpha has raised a six-figure amount in a seed funding round from venture capital fund Nest Tech.
The Kalpha app – an edtech startup that focuses on sharing skills, experiences and knowledge, has received a “six-figure sum” in funding from Nest Tech, a VC fund focusing on seed-stage technology startups.
The investment will be used to grow the business, expand the team, and for marketing.
Nest Tech invests in Kalpha
Founded by Jack Soh and Jaden Teo, Kalpha is a mobile app that enables individuals to discover, connect and meet up to learn and share skills, experiences, and knowledge on a 1-to-1 basis. According to the startup, sharing sessions are designed to be time-flexible and budget-friendly.
The app is available on the Google Play Store and Apple App Store.
Kalpha was incubated in The SandBox by Ngee Ann Polytechnic and has also been awarded the SG Founder’s Grant by Enterprise Singapore.
Founded by Jack Soh and Jaden Teo
“Kalpha is a technology startup that truly embodies the sharing economy. We have great faith in the founders and their vision to revolutionise the way in which we learn new skills and knowledge. This is as much a strategic partnership as it is an investment, and we will work closely with Kalpha to grow their business and take it international,” said Soe Moe Kyaw Oo, Founding Partner of Nest Tech.
Established in 2018 by Soe Moe Kyaw Oo, Nest Tech is focusing on technology startups in Singapore, Vietnam and Myanmar. Its other investments include Trophy Room, a peer-to-peer football gaming app (Singapore), Edu2Review, an education review platform (Vietnam), Flexible Pass, a health and fitness app (Myanmar), and Mote Poh, an employee benefits and rewards programme (Myanmar).
Source from e27.co