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In its latest pre-seed fundraising round, Edutechs has raised funds from Dekko Isho Venture Capital and Paramount VC.
Previously, it raised $110,000 in pre-seed from prominent angel investors Mohammad Maaz, F. K. Md Emdad Khan, other strategic seed investors and the Databird LaunchPad Competition in 2021.
Edutechs is a SaaS ed-tech platform that enables teachers to digitise their administrative work and reach millions of students in one go. The innovative technology has already seen a 150 per cent rise in its KPIs and has improved the operational efficiency of over 12,000 educators.
With this newest round of funds, Edutechs aims to onboard and support more clients and expand its team to achieve its vision of revolutionising the education system in Bangladesh and empowering 40 million learners with efficient communication and learning management tools.
Mr Ekram, CEO of Edutechs Inc, said, “This is another huge step in completing my initial dream of having education in Bangladesh compete with Western countries. With Edutechs, we will ensure that the best and brightest pursue their full education in Bangladesh and choose to stay and push the country forward.”
Prottoy Hossain, CEO of Dekko ISHO Venture Capital, stated, “With their innovative approach and dedication to bridging the educational gap, Edutechs is positioned to transform the learning landscape, empowering both students and educators. I am thrilled to support their vision and to contribute to the development of education in Bangladesh.”
Shadab Hossain, Managing Director of Paramount VC, remarked, “The inclusive range of educational tools and the unwavering commitment to providing a quality education for all socio-economic backgrounds, puts Edutechs in a noble position to enhance the education sector in Bangladesh.”