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Malaysian edtech firm bags $2m from YC, 500 Global
Malaysia-based edtech startup Pandai raised a total of US$2.03 million (RM8.5 million) from world-renowned international tech investors.
● Pandai raised a total of US$2.03 million (RM8.5 million) investment from a group of world-renowned tech investors, as well as local investors under the Dana Penjana Nasional investment programme.
● Prior to fundraising, Pandai became the first Malaysian education technology startup to be accepted into the prestigious Y Combinator accelerator programme, based in Silicon Valley.
Pandai Education Sdn Bhd (“Pandai”), an education technology startup based in Kuala Lumpur, recently raised a total of US$2.03 million investment from a group of local and international investors.
Among the investors that participated in the rounds are:
- Global investors: Y Combinator, Global Founders Capital, 500 Global, Soma Capital, Harvard;
- Malaysian investors: RHL Ventures, Falnas Capital, and Kembara Kapital;
- Angel investors: ex-Google director, unicorn startup founders, and prominent entrepreneurs from Malaysia, Australia, India, Indonesia, and USA.
- Stage: Pre-seed and seed.
The investment under RHL Ventures is part of the government’s Dana Penjana Nasional, which is an investment fund set up by the Government of Malaysia to encourage venture capital firms to invest in high potential start-ups.
Khairul Anwar bin Mohamad Zaki, Pandai Co-founder, and CEO, said, “We launched Pandai in 2020 to make quality, personalized education accessible to every student. We are glad that investors believe in our vision and want to work together with Pandai to help improve the education system. We want to bring impact not only in Malaysia but also in other countries by expanding Pandai to other markets in the
“The fund will be used to enhance the app to give a better learning experience for school students, as well as assist their parents and teachers. We are also looking to collaborate with educational institutions and other education providers.”
Prior to the current fundraising, Pandai became the first Malaysian education technology startup to be accepted into the prestigious Y Combinator accelerator programme, based in Silicon Valley, USA.
Pandai (www.pandai.org) is a learning app that focuses on learning and assessment to help primary and secondary school students improve their academic performance.
Pandai was founded in January 2020 by Khairul Anwar Mohamad Zaki, Akmal Akhpah, and Suhaimi Ramly, who have been in the education industry for the past 14 years.
Through Pandai, students learn using gamified quizzes aligned to the national curriculum. Students also receive personalized analysis using artificial intelligence and machine learning algorithms that allow them to identify their strengths and weaknesses.
Dedicated modules for Parents and Teachers are also integrated within the app to monitor and support students’ progress. Pandai now has more than 300,000 registered students and prides itself as a Social Enterprise that balances social impact with best commercial practices.
Pandai recently received certification from Education Alliance Finland (EAF), an international pedagogical accreditation agency that evaluates learning solutions based on global quality standards.
Previously, Pandai received various awards and grants from Bumiputera Agenda Steering Unit (TERAJU), Cradle Fund, Malaysian Ministry of Science, Technology and Innovation (MOSTI), Malaysian Global Innovation and Creativity Centre (MaGIC), Islamic Development Bank Group (IsDB), and other organisations.
The Pandai app can be used on the web or mobile devices, Android and iOS, in free and premium versions. For more information, visit www.pandai.org
*As a reference to the original article can be seen on the website Tech in Asia.