1. Startup

CoLearn Obtains Additional Funding Worth of 244 Billion Rupiah

The follow-on series A round was led by TNB Aura, KTBN Venture, and PT Binus Investama Indonesia

The CoLearn edtech startup received additional funding on its series A round worth of $17 million or equivalent to 244 billion Rupiah. It brings the company's total fundraising round to $27 million. The series A funding was first announced in April 2021 and was valued at $10 million.

The additional round was led by TNB Aura [previous investor], KTBN Venture, and PT Binus Investama Indonesia. There are also previous investors, including AC Ventures, Leo Capital, January Capital, Alpha Wave Incubation, and Surge.

CoLearn's Co-founder & CEO, Abhay Saboo has confirmed the news. He said that CoLearn became the first edtech platform to receive investment from Surge and Binus (Binus Group from Binus University).

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