Singapore edtech startup Geniebook announced raising $16.6 million in a Series A funding round led by East Ventures, Lightspeed Venture Partners, and several prominent angel investors.
Among the private individuals who invested in this round are John Danner (Dunce Capital), Gaurav Munjal & Roman Saini (Unacademy), Kunal Bahl & Rohit Bansal (Snapdeal), Alvin Tse (Xiaomi), Linh Pham Giang (Hocmai).
Senior executives from some of Southeast Asia’s most influential companies like Grab, Shopee, and Gojek also participated.
Founded in 2017 by experienced educators, tech wizards, and designers, Geniebook is Singapore’s largest online learning platform for the English, Mathematics and Science (EMS) syllabus.
Geniebook is loved by 150,000 users regionally and houses a diverse team of over 350 employees across our offices in Singapore, Malaysia, Indonesia, Vietnam, and globally.
“We are thrilled to work with our new partners to elevate our suite of learning products and expand the team strategically in the region,” said Neo Zhizhong, CEO and Co-founder of Geniebook.
This latest round of funding follows their previous Pre-Series A round, which raised $1.1 million in 2019 by a private investment company, Apricot Capital.
Roderick Purwana, managing partner at East Ventures, said that they have seen Geniebook founders grow and are excited to join them in their journey to develop their core key strategies and expand to other countries in the region.
“We are excited to back Neo Zhizhong and Alicia Cheong who have been tutoring for the past 10 years and who have built a successful offline tutoring business prior to Geniebook,” said Dev Khare, partner at Lightspeed.
Since 2019, Geniebook has expanded its team by 5X and today houses over 350 employees globally.
East Ventures is a pioneering sector-agnostic venture capital firm in Indonesia while Lightspeed is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors.