GREDU, an Indonesia-based edutech company, has raised US$4 million in a Series A round of financing led by Intudo Ventures, with participation from existing investor Vertex Ventures.
With the new funding, GREDU intends to expand into Java and major cities throughout Indonesia, accelerate product development, and recruit new talents.
Founded in September 2016, GREDU aims to increase the level of engagement in a school environment to improve the overall schooling experience for teachers, parents, and students.
Through its centralised management system, its platform helps administrators handle documentation, compile syllabuses, manage teaching schedules, improve big data management, and increase transparency. It also facilitates communication between administrators, teachers, students, and parents to improve the overall education experience.
Working with school districts and administrators, GREDU’s subscription-based services allow schools and teachers to track the performance and progress of students in line with the national curriculum to improve oversight and effectiveness of instruction.
GREDU targets Indonesia’s K-12 National Curriculum, which includes both public and private schools — while also offering solutions for the country’s large Islamic Curriculum programmes.
The startup claims to be working with over 400,000 users in 400 schools. It is also developing products for new verticals, including preschool and university programmes, facilitating digitisation across the entire education value chain.
In the future, GREDU plans to enhance user engagement through interactive features, such as extra content and gamification.
“The current pandemic has accelerated the need for digitalisation and transformation in the education industry. We believe that GREDU, with its holistic approach to serving all the school’s stakeholders and value chain, is in a great position to capitalize on this change as well as help improve the education quality in Indonesia,” added Joo Hock Chua, Managing Partner at Vertex Ventures.
Prior to this round of financing, GREDU has raised a pre-Series A round led by Vertex Ventures.
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Image Credit: GREDU
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