VC Fund Investments
Edtech startup Codingal raises $1.2 M from Y Combinator, Summer Capital, others
Bengaluru-based coding skills focused edtech startup Codingal has raised USD 1.2 million in a seed funding round led by Y Combinator, Summer Capital, Day One Syndicate, and existing investor Rebright Partners. Prominent angel investors Nate Lipscomb (senior product counsel, Youtube), Ganesh Rengaswamy (managing partner, Quona Capital), and Peter Weck (cofounder, Simply Hired and StoryJumper) also participated in the round. Codingal will utilise the fresh funds to grow its community of K-12 students and teachers. The funds will also be used to develop their proprietary platform for an improved and personalised learning experience. Codingal is looking to attract 500,000 new students within a year. It has partnered with educational institutions and technology companies to host coding competitions. Its partners include Hewlett Packard Enterprise, IIT Roorkee, IIT Guwahati and BITS Pilani.
From the Venture Intelligence PE-VC Deal Database: In Nov-20, Codingal raised INR 4.2 Cr from Rebright Partners and others.
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