Edtech B2B Startup ProSpark Announces Seed Funding Led by AC Ventures

ProSpark, a learning management system (LMS) platform for the B2B segment, today (5/7) announced to secure follow-on funding for its seed round. Led by AC Ventures, participated also other investors, including 500 Startups, Azure Ventures, Prasetia Dwidharma (follow-on), Assembly Ventures, and several angel investors.  Some investors were involved in their pre-seed last April 2020. The value is undisclosed.

ProSpark's LMS service combines distributed content marketplace features with a gamification system that encourages user engagement in an organization. Through this platform companies can train and improve the workforce's skills online. This funding is also considered in the right momentum, changes in behavior due to the pandemic are driving growth and demand for edtech services for businesses.

Specifically, fresh funds will be used to expand markets and improve technology infrastructure. Currently, ProSpark is struggling to immediately initiate regional expansion in Southeast Asia. Based in Singapore, ProSpark services are available to Indonesian users; and now it started to penetrate the Philippines market.