Codingal, the Edtech platform supported by YC, raises $ 1.2 million in funding round and aims to enroll 500,000 students within one year
The startup will use funds to further develop its proprietary platform to provide students with an improved and more personalized learning experience.
Bangalore, September 1: Edtech startup and a leading coding platform for K-12 students Codingal today announced that it has raised $ 1.2 million in its latest round of funding from startup, led by Y Combinator, Summer Capital, Day One Syndicate and Rebright Partners. Leading angel investors Nate Lipscomb (Senior Product Advisor, Youtube), Ganesh Rengaswamy (Managing Partner, Quona Capital) and Peter Weck (Co-Founder, Simply Hired and StoryJumper) also participated in the round.
Other key angel investors in the latest funding round include Ashish Toshniwal (Founder, Y Media Labs), Viral Bajaria (Co-Founder, 6Sense), Shashank Kumar (Co-Founder, Razorpay), Karthik Ramakrishnan (Senior Manager, Alexa) and Hiro Mizhushima (Angel investor and Japanese actor).
Edtech will use the latest fundraiser to develop, nurture and empower the rapidly growing community of K-12 coding students and teachers. The funds will also be used to further develop their proprietary platform for an enhanced and personalized learning experience. The startup aims to add 500,000 new students to its platform within a year.
Vivek Prakash, Co-Founder and CEO of Codingal, says: “Our mission is to inspire school children to fall in love with coding, and we are building Codingal to deliver high quality computer education combined with world-class coding competitions. Codingal plans to create a strong passion economy market for teaching coding that brings together the best educators and students eager to learn to code. We believe we are just getting started and this fundraiser will help us achieve our true ambitions. We thank our investors for supporting us in our adventure. “
Codingal has experienced 30% month-over-month growth since launch and is currently generating over 20% revenue from international customers.
Satyam Baranwal, Co-Founder and COO of Codingal adds: “In less than a year of its launch, Codingal has offered more than 100,000 students from more than 5,000 schools a platform to learn coding through competitions of community-led coding and one-on-one living. lessons with its highly qualified computer science teachers. We have also run over 100 coding contests so far and received over 100,000 project and code submissions from students on the Codingal platform. It is heartwarming to witness the creation and growth of a thriving community of highly qualified students, parents and teachers interested in coding. “
The startup has partnered with reputable educational institutions and tech companies to host coding competitions and promote coding culture among students. Partners include Hewlett Packard Enterprise, IIT Roorkee, IIT Guwahati, BITS Pilani, DPS, BGS National Public School and many more.
Codingal was launched in September 2020 and raised $ 560,000 shortly thereafter in November 2020. In early 2021, Codingal was accepted into Y Combinator’s Winter 2021 bundle.
Codingal is the # 1 coding platform for Kindergarten to Grade 12, with a mission to inspire students to fall in love with coding from an early age. Launched in September 2020, Codingal has already empowered over 100,000 students by motivating them to start learning coding through competitions and high quality coding training. All lessons are delivered 1: 1 live by approved and trained teachers who are programming experts and only trained in computer science. The coding program is based on a standardized K-12 computer framework, which students find very fun and engaging.
Today, schools and traditional education systems are not equipped to provide appropriate coding education for children. Codingal is here to change that and give every student the tools, content, contests and live coding lessons to start learning to code and build whatever they imagine. Codingal is also backed by the best advisors and investors in the industry, including Rebright Partners and Y Combinator.