May 17

South African Edtech Company, iXperience, Secures $2.5 Million in Series A Funding

By Victoria Fakiya

South African edTech startup, iXperience (iX), has secured $2.5 million in Series A funding to enlarge its team, grow its innovative tech platform, unveil programs across various markets, and build its global strategic partnerships division.

Kalon Venture Partners, a disruptive technology VC team, and relationship-focused investment management and advisory firm, Caleo Private Equity, led the round.

Aaron Fuchs and Rafi Khan, iXperience founders, felt something fundamental was missing from their four years of theoretical experience at Yale University. They noticed they lacked skills for work after school, and the school material they used was outdated. Therefore, they desired a university that prepares and helps students for the future of work and inspires them to have their comfort zones and challenge themselves.

Photo courtesy of Alireza Attari.

Source: Techpoint Africa (link opens in a new window)

Education, Technology
edtech, impact investing, startups