Gredu featured image
Banking & Finance News Stories Technology

Start-up Gredu banks Pre-Series A funding round from Vertex Venture

Indonesian edtech startup Gredu funded pre-series A round for school management to help ease teachers workload

Gredu, Indonesian-based school management is a social ed-tech platform that intends to develop the level of engagement in a school environment to improve the overall schooling experience for students, teachers, and parents.

The company declared that they had raised an undisclosed amount of pre-series A funding from Vertex Venture, a Singapore-based venture capital investment holding.
According to a statement, the funds will be used to further develop the application so that its features are “fully completed and functional” following the current educational system in Indonesia.

“The awareness on the improvement of Indonesian education has made Gredu realize its commitment by presenting a solution to digitalize the school environment that can handle holistic schooling administrative tasks,” said Mohammad Rizky Anies, CEO of Gredu. “Hopefully, this can create a more efficient, effective, transparent and measurable learning and teaching process within the ideal ecosystem.”

Gredu has developed a centralized management system supported by four different apps: Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student. The company aims to create a digital solution to hone the role of teachers, parents, and students.
Gredu focusses on facilitating the teachers’ administrative work such as filling and processing student attendance lists, compiling the daily reports, compiling syllabus details, and managing their teaching schedules. It also invites parents to keep up with their children’s progress in real-time.
To date, Gredu stated that it has worked with more than 200 public and private schools in Indonesia.

“We see that the education industry, along with many other sectors in Indonesia, is undergoing rapid transformation and digitization. We believe that Gredu, with its holistic approach to serving the school’s stakeholders and value chain, is in a great position to capitalize on this change as well as help improve the education quality in Indonesia,” said Joo Hock Chua, Managing Partner at Vertex for Southeast Asia and India.

Chua also stated that the fund is very optimistic about the edtech space in Indonesia.
Gredu faces several rivals as other Indonesian edtech startup companies have announced high-profile rounds. One of the bigger players is Ruangguru, which just raised US$150 million in Series C round funding led by General Atlantic and GGV Capital. It is also being backed by East Ventures, Venturra Capital, and UOB, among others.

ASEAN HR TECH VENTURE SUMMIT 2018
REGISTER NOW 33% DISCOUNT
SUMMIT PASS

Send this to a friend