Startups
8 months ago

10 Minute School secures BDT 0.61 billion Pre-Series A Round

(from left) Abdullah Abyad Raied, Co-founder and CTO, Ayman Sadiq, Co-founder and CEO, Mirza Salman Hossain Beg, Co-founder and COO of 10 Minute School
(from left) Abdullah Abyad Raied, Co-founder and CTO, Ayman Sadiq, Co-founder and CEO, Mirza Salman Hossain Beg, Co-founder and COO of 10 Minute School

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10 Minute School, a leading K12 and skills development Edtech platform in Bangladesh, announced today the successful closing of its Pre-Series A funding round with BDT 0.61 billion raised, marking a significant milestone in its mission to provide high-quality and affordable education to millions of students nationwide.   

The round was led by venture capital firm Conjunction Capital, along with participation from returning investors Peak XV's Surge (previously Sequoia Capital India), the Sovereign venture fund of the Bangladesh Government, Startup Bangladesh Limited, Marquee Angel investor, the Founder & CEO of Indian Unicorn CRED, Kunal Shah, veteran Bangladeshi Angel investor, the Managing Partner of MyAsiaVC, Sajid Rahman as well as several other local angel investors. 

This is the highest seed-stage funding for a Bangladeshi startup, bringing 10MS's total funding to BDT 0.78 billion. 

"At 10 Minute School, our vision has always been democratising education. This funding not only validates our mission but also fuels our efforts to create a lasting impact on the K12 and skills development landscape in Bangladesh. With the support of our investors joining this round, we are poised to reach even greater heights and empower the future of our nation for a Smart Bangladesh as part of the Vision 2041," said Ayman Sadiq, Co-founder and CEO of 10 Minute School. 

Kirill Kozhevnikov, Managing Partner of Conjunction Capital (ex India Partner of RTP Global), said, "We are thrilled to lead this pivotal investment round in 10 Minute School. This marks our first venture into the Bangladesh market, and we are confident that this partnership will redefine the education landscape in the country. The passion and innovative drive of 10 Minute School's team align perfectly with our values, and we are excited to contribute our global insights and support their mission to provide accessible, high-quality education for all."  

"10MS and their mission to democratise education exemplify our continued commitment to catalysing positive change. We're thrilled to continue supporting 10MS's journey towards building the Education Stack of Bangladesh," remarked Sami Ahmed, Managing Director, Startup Bangladesh Limited. 

Startup Bangladesh Limited, the $50M government-backed venture fund of Bangladesh, joined the 10MS cap table to endorse the Government's commitment to supporting the startup ecosystem, especially the education sector, as it will play a pivotal role in shaping the next generation of Bangladesh toward a Smart Economy.  

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