Skills Union, a Singapore-headquartered edutech startup offering active learning courses in partnership with leading universities and employers, announced today the closing of a US$1.5 million investment.
The round was led by Online Education Services (OES), part of the Australia-based Seek group of companies.
Notable investors, including KDV, Hustle Fund, Singaporean business tycoon Koh Boon Hwee, Siu Rui Quek (co-founder and CEO of Carousell), Ishreth Hassen, Sumardy Ma, Simin Zhou, and Anvesh Ramineni, also joined the round.
According to a press statement, this is a major milestone for Skills Union on its mission to become a leading provider of university-accredited courses, which promise job-ready graduates to tech companies needing a digitally equipped workforce with trusted university credentials.
“Skills Union represents a partnership between learners, universities, and employers, delivering specialist online, part-time, vocational courses that accelerate careers and businesses,” said Colin Mansell, Skills Union CEO and co-founder. “This investment gives us the lift-off we want to further scale our programmes and impact the lives of many more students.”
Skills Union offers accredited cohort-based, active learning courses in partnership with leading universities and employers. It offers courses that are in demand by high-growth companies, such as software development, user experience design and growth marketing, aimed at both the consumer and business audiences.
Since its establishment in Singapore in 2020, Skills Union has partnered with institutions including Nanyang Technological University and London’s Ravensbourne University. It has a growing network of university partners in the UK and US.
“We have been impressed with Skills Union’s business offering, approach to growth and global outlook. Their product has many impressive features, including a flexible, stackable set of courses with a clear path to accredited degrees,” said Denice Pitt, CEO of OES. “We are seeing a global shift in the way that universities and employers are working together to close the skills gap, and we are really excited to be able to play our part in the current revolution we are seeing in tech education.”
The global online education sector is projected to reach US$660 billion by 2027. The Asia-Pacific region accounts for one-third of the global market and is anticipated to experience the fastest growth over this period.
Image Credit: Skills Union
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