Heritas Capital’s portfolio company Convegenius receives US$7m financing led by UBS Optimus Foundation and Mount Judi Ventures to advance generative AI capabilities impacting 200 million learners
11.01.2024

Heritas Capital’s portfolio company Convegenius receives US$7m financing led by UBS Optimus Foundation and Mount Judi Ventures to advance generative AI capabilities impacting 200 million learners

Heritas Capital is pleased that our portfolio company, ConveGenius, a leading AI-first edtech company in India, has successfully closed a US$7 million financing round led by UBS Optimus Foundation and Mount Judi Ventures. Existing investors including Michael and Susan Dell Foundation (MSDF), Bace Capital, Gray Matters Capital and Heritas Capital also participated in this round.

The round forms part of a more extensive fundraising initiative focused on advancing the generative AI capabilities of SwiftChat and expanding into international markets. ConveGenius’ SwiftChat platform has an extensive reach of 143 million registered user profiles and widespread adoption in 577,000+ schools in India.

“Ever since Heritas first co-led ConveGenius’ Pre-Series A round in 2021, the company has successfully scaled their impactful solutions to provide greater access to affordable quality education for millions of students across India. We are pleased to join this round of growth financing led by UBS Optimus Foundation and Mount Judi Ventures to enable ConveGenius to further advance its generative AI capabilities, benefitting even more learners in India and internationally in its next growth”, said Janet Chia, Managing Director & Head of Private Equity at Heritas Capital, who also serve as board member of ConveGenius.

Read more on the company’s latest funding round on YourStory.