Edtech startup Camp K12 raises $12 million in Series A round

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Edtech startup Camp K12 on Thursday, August 26, said it has raised $12 million in a Series A round co-led by Matrix Partners India and Elevation Capital. The company said that over the next six months, it will add two new geographies and one new content category, and will deepen its reach in each existing geography via a group class format that accounts for more than 25% of revenues in India.

The funds will be used to hire leaders across functions, hyperscale operations and marketing, and to build a world-class engineering and product team, the company said in a statement.

“We have a bold roadmap for social multiplayer experiences for our kids, in class and outside of class, and we’re excited for our users to start experiencing this product as early as next month,” said Anshul Bhagi, Co-Founder, Camp K12.

Camp K12 connects students in the 5-18 age group across the globe with teachers for live, interactive online courses across skill categories such as Coding and English.

Students learn one-on-one with private teachers, or in small groups with friends, in Camp K12’s gamified online environments.

Outside of class, students can continue to interact with classmates with Camp K12’s ‘LinkedIn for Kids’-like community app featuring real-time multiplayer duels, self-paced quizzes, free workshops, and daily brain development.

The company said it has seen explosive growth in two new geographies, one new subject category, and a new group-class format launched over the past 6 months.

Camp K12 said its US business has grown two times month-on-month over the past three months.

At the same time, it said, its Middle East business has grown three times month-on-month.

“We have seen Camp K12 successfully using technology to own quality and end-to-end experience and to evolve a new pedagogy for online learning. Their investment in product R&D has also allowed them to expand into new categories and geographies and to rapidly scale small group classes as a format,” said Mukul Arora, Partner, Elevation Capital.



Categories: Private Equity, Venture Capital

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