Edtech startup and a leading coding platform for K-12 students Codingal today announced that it has raised $1.2 million in its latest seed funding round, led by Y Combinator, Summer Capital, Day One Syndicate, and Rebright Partners. Prominent angel investors Nate Lipscomb (Senior Product Counsel, Youtube), Ganesh Rengaswamy (Managing Partner, Quona Capital), and Peter Weck (Co-founder, Simply Hired and StoryJumper) also participated in the round.
Other key angel investors in the latest funding round include Ashish Toshniwal (Founder, Y Media Labs), Viral Bajaria (Co-founder, 6Sense), Shashank Kumar (Co-Founder, Razorpay), Karthik Ramakrishnan (Senior Leader, Alexa), and Hiro Mizhushima (Angel investor and Japanese actor).
The edtech will utilise the latest fundraise to grow, nurture and empower the company’s rapidly growing community of K-12 students and coding teachers. The funds will also be used to further develop their proprietary platform for an improved and personalized learning experience. The startup aims to add 500,000 new students on its platform in a year’s time.
Nate Lipscomb, Senior Product Counsel, Youtube says, “Education technology is not only bringing much-needed digitalization to the education sector but it is also facilitating remote learning for thousands of children in nooks and corners of the country. I believe it is the future. Codingal has made an impressive impact in the less than one year since its inception and it is already showing its strong potential to create transformational opportunities for students and teachers across India. I’m excited to support mission-driven startups like them and I look forward to working with them as they grow along their journey.”
Vivek Prakash, co-founder & CEO of Codingal says, “Our mission is to inspire school kids to fall in love with coding, and we are building Codingal to deliver high-quality computer science education combined with world-class coding competitions. Codingal plans to build a robust passion economy marketplace for coding education that brings together the best-in-class educators and students who are eager to learn to code. We believe that we are just getting started and this fundraiser will help us realise our true ambitions. We are thankful to our investors for supporting us in our journey.”
Codingal has grown 30% month-on-month since its launch and currently generates over 20% revenue from international customers.
Satyam Baranwal, co-founder & COO of Codingal adds, “In less than a year of its launch, Codingal has offered over 100,000 students from over 5,000 schools a platform to learn coding via community-led coding competitions and live 1-on-1 classes with its highly trained Computer Science teachers. We have also hosted over 100 coding competitions so far and received over 100,000 project and code submissions by students on the Codingal platform. It is heartening to witness the inception and growth of a thriving community of students, parents, and highly trained teachers interested in coding.”
The startup has partnered with reputed educational institutions and technology companies to host coding competitions and promote coding culture among school students. The partners include the likes of Hewlett Packard Enterprise, IIT Roorkee, IIT Guwahati, BITS Pilani, DPS, BGS National Public School, and many more.
Codingal was launched in September 2020 and raised an angel round of $560K soon after in November 2020. Early in 2021, Codingal was accepted into Y Combinator’s Winter 2021 batch.
Categories: Seed Funds