SOUTH AFRICA – Education-technology start-up iXperience, also known as Ix, has secured US$2.5 million in series-A funding from South African investment firms Kalon Venture Partners and Caleo Private Equity.
iXperience partners with high schools, universities and the private sector to provide “progressive education programmes and services that equip students with industry-focused skills”.
The company plans to use the funding to grow its team, continue to invest in its proprietary technology platform, launch programmes in new markets, and build its global partnerships division that is focused on working with companies, governments and institutions on building career-readiness programmes.
It started as a coding bootcamp and has since become a big player in career-focused skills training.
“We believe that in the next century, learning won’t just be concentrated on youth, but interwoven throughout a person’s life as they transition across careers and life priorities. Our mission is to build immersive and transformational learning experiences that close this gap and give our students the best possible life.”
“We are excited for the investment, not only for its potential financial returns but also for the positive social impact that the company will have in contributing to and driving the digital educational sector”Clive Butkow – CEO, Kalon Ventures
In addition to its “direct-to-consumer programmes”, iXperience works with institutions to allow them to remain relevant in a changing educational and professional landscape.
In addition to their successful direct-to-consumer programs, iX partners with institutions to enable them to remain relevant in a changing educational and professional landscape.
Most recently, iXperience has built successful partnerships with the likes of the University of Virginia, WorldStrides, and Bar Ilan University.
“iXperience is a perfect example of the entrepreneur-led, high-growth businesses that Caleo Private Equity loves to support. The company has the leadership and market position to transform its sector and positively influence the lives of thousands of students and other educational stakeholders.’’
“Kalon’s decision to invest was strongly motivated by the exceptional quality of the entrepreneurs and innovative technology platform surpassing what’s currently in the market. We are excited for the investment, not only for its potential financial returns, but also for the positive social impact that the company will have in contributing to and driving the digital educational sector.”