Flying Cape, a Singapore-based edutech startup, announced today it has secured US$1.5 million in Series A investment from startup builder Start-up O, EduSpaze, and undisclosed angels.
The startup said in a press note that it will use the money to scale its operations across China and Southeast Asia. This will enable an interconnected educational ecosystem that brings Singapore’s education curriculum and content to international learners.
Dr Paul Kim, CTO and Assistant Dean of Stanford University’s Graduate School of Education, has joined the Board of Advisors of Flying Cape. He will guide the construction of technological tools to support the startup’s educational development goals, recommendation framework, and methodology for curriculum development.
Founded in 2015, Flying Cape helps parents understand their children’s learning styles, hobbies, and passions. It also helps them identify appropriate classes for their children through tailored suggestions made by its proprietary SMART diagnostic assessment tools.
The company claims it is powering 10 SMART marketplaces that cater to a diverse range of learners, from children to adults. It has collaborated with almost 1,000 partners in Singapore and overseas.
As the pandemic has transformed the education landscape, Flying Cape claims that its traffic and transaction volumes have risen by more than 400 per cent over the last 12 months. “Through this period, we have seen local education players in Singapore evolve, and emerge with more innovative digitalised content and engaging learning concepts to better prepare learners for the future,” said founder and CEO Jamie Tan.
“To give learners more options for finding just the right fit for their learning, we are also working closely with overseas education providers to offer a larger variety of enrichment options — such as Chinese Language and Art educators from China and music instructors from London,” said Lydia Ang, Head of Business Development at Flying Cape.
Flying Cape plans to commence the Flying Cape Ontario Secondary School Diploma (OSSD) programme in China this September. It offers students the fundamental skills needed for higher education through the design of interactive learning modes supported by bilingual teachers.
The expansion comes at a time when China applies an unprecedented crackdown on tutoring firms that are making a profit by teaching core subjects after school, and bars companies that operate edutech platforms from raising capital through initial public offerings.
Image: Flying Cape
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