Heritas Capital co-leads US$5m Pre-Series A funding in India’s leading edtech startup ConveGenius to scale its conversational AI learning platform for 100m households in India
Heritas Capital is pleased to have co-led the US$5m Pre-Series A funding round in ConveGenius, alongside new investors BAce Capital and 3Lines Venture Capital as well as existing investor Michael and Susan Dell Foundation.
“As schools were closed over prolonged periods during the pandemic, we believe that ConveGenius is well placed to tackle the learning crisis and gaps that have severely impacted students across India and in other emerging markets in the region. We are pleased to support ConveGenius in their mission to further scale their impactful solutions, providing greater access to affordable quality education for all,” said Ms. Janet Chia, Head of Venture Capital at Heritas Capital.
“As we launch Heritas’ latest impact funds amidst the pandemic, we will remain focused primarily on healthcare; and we have also identified edtech as an impactful investment sector to address underserved needs and enhance access to affordable and quality learning solutions at scale. Evidently, in countries such as India, school children have spent prolonged time out of school and suffered learning losses which may risk creating generational societal effects if not addressed. We are pleased that ConveGenius is our first direct edtech investment in India, and we see other impactful edtech investment opportunities across Southeast Asia too. We will seek to back like-minded founders to achieve tech-enabled omnichannel delivery of more resilient and effective lifelong learning solutions for generations to come,” said Chik Wai Chiew, Executive Director and CEO of Heritas Capital.
Read about ConveGenius’ plans to scale its conversational AI platform in the company’s press release.