Zenius, an Indonesia-based education technology startup, has raised an undisclosed amount of funding from MDI Ventures – the VC arm of Telkom Indonesia – as well as Northstar Group, Alpha JWC Ventures, Openspace Ventures, and Beacon Venture Capital.
The deal pushes the total amount raised by the startup to US$40 million.
Zenius provides learning material for K-12 students in Indonesia. Founded in 2004 by Sabda PS and Medy Suharta, it’s currently helmed by Rohan Monga, who previously served as COO of Gojek.
In 2020, it secured US$20 million in a series A round led by Northstar Group. Between June 2019 and June 2021, the firm said that its app was accessed by more than 20 million users.
Last month, Zenius acquired local offline tutoring giant Primagama for an undisclosed amount. The startup has also partnered with Disney to create primary school learning content and launched a learning platform for professional called ZenPro.
The company will use the fresh funds to improve its personalized learning experience. It also wants to leverage the connection of investor MDI Ventures to establish more partnerships and service distributions across the country.
This article is originally published on Tech in Asia. Read the original article here.
