Indonesian edtech startup goKampus bags pre-Series A funding

Indonesian education technology startup (edtech) goKampus announced raising an oversubscribed pre-Series A funding co-anchored by Sovereign’s Capital and SALT Ventures.

Financial details of the funding round were not disclosed. Azure Ventures and other angel investors from around the region also participated in the fundraising, goKampus said.

goKampus is an edtech startup and enabler of digital solutions for students and universities. Currently, the startup has more than 250,000 active student users and 400 university partners from across the globe, including Australia, Singapore, the United Kingdom, the US, and Indonesia.

It digitizes college students’ lives by providing all-in-one access to college services in one app – from enrolling in hundreds of college programs, taking college courses virtually, getting scholarships and loans from its marketplace, and even securing internships and jobs for
college graduates.

Read Also: Indonesia’s EdTech firm Ruangguru raises US$55 million to accelerate its business expansion

In a statement, the startup said it will use the fresh investment to fuel its business. It plans to strengthen its tech products, double its team size, and ramp up its student and university partnership acquisition efforts.

“We are very excited and honored to be able to secure this funding from our amazing investors. They bring the capacity and network for goKampus to grow faster,” said Nathanael Santoso, co-founder and CEO of goKampus.

The fundraising comes as Indonesian students are currently spending about $40 billion per year on higher education programs, yet the sector is still largely non-digitized and inaccessible.

At present, Indonesia is struggling to distribute high-quality tertiary education to its residents. According to the World Bank, less than 9% of Indonesians over the age of 25 have attained a bachelor’s degree in 2016, the lowest among all member states in Southeast Asia.

Through goKampus, students can enjoy various services, ranging from university registration with an instant process, participating in cloud university courses, seeking college scholarships, student loan funds, managing and promoting campus events, and internship opportunities, the company said.