Heritas Capital leads Seed investment round into Literatu, provider of next generation AI solution for English learners across Asia
Literatu, a Singapore-based edtech company, has closed an investment round co-led by Singapore-based education-focused VCs, Heritas Capital and EduSpaze, to scale its AI English writing solutions to more students and educators across the region. Literatu’s AI English writing solution, Scribo AI, is a next generation AI teaching and learning platform dedicated to helping all English language learners improve their English writing skills while saving resources and time for teachers.
The company has recently announced that it is working with MOE Singapore to customise and integrate its AI English writing solution, Scribo AI with Singapore’s national online learning portal, Student Learning Space (SLS) which is accessible by all primary and secondary school teachers and students in Singapore. It is expected to go live on SLS in December 2023.
Literatu currently serves established education institutions across Australia, Singapore and the Middle East. The company’s strategic partners include Singapore-based publisher Marshall Cavendish Education and K-12 education service provider GSA Education. It intends to use the fundraise proceeds to accelerate the rollout of its solutions to education institutions across Asia with Singapore as its beachhead market, on the back of the MOE project.
“Heritas is pleased to lead the investment round into Literatu, which will enable the company to scale its impactful AI-based solution. We look forward to supporting the company’s expansion across underserved markets in Asia, increasing access to quality and affordable English language learning tools for teachers and students,” said Janet Chia, Managing Director and Head of Private Equity at Heritas Capital, who will join the board of Literatu.
“We are enthusiastic to partner with Literatu and Heritas Capital to redefine education across Asia. Literatu’s AI-powered solutions can help alleviate teachers’ workload while enhancing the feedback that students receive, advancing the way learning is done in and outside classrooms,” said Alex Ng, Managing Director of EduSpaze.
“Investments from Heritas Capital and EduSpaze helped us establish an investor-ready structure in Asia. Following on from our success in large scale MOE deployments, pilots in Taiwan and South Korea are ready to scale with significant opportunities commencing in 2024,” said Mark Stanley.
For more details, please refer to the company’s press release.