Cape Town-based edtech company iXperience has secured $2.5-million in a Series A funding round led by Kalon Venture Partners and Caleo Private Equity.
iXperience has secured $2.5-million in a Series A funding round
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According to reports, iXperience will utilise the investment funding to expand its team, develop its innovative tech platform, launch programmes across different markets, and build its global strategic partnerships division.
Clive Butkow, CEO of Kalon Venture Partners attributes the investment into the innovative edtech to its talented team and unique product offering.
“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.”
iXperience
Founded in 2013 by Yale University graduate duo Aaron Fuchs and Rafi Khan, iXperience is an edtech company that partners with high schools, universities, and corporates to provide progressive education programs and services that equip students with industry-focused skills.
Fuchs provides insight into the aim of the edtech company.
“The world is changing at an exponential rate and current education systems are not keeping up. 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.”
With humble beginnings as a coding bootcamp, iXperience has become an industry leader in career-focused skills training.
The edtech company claims to have over 2500 alumni and partner with institutions and consumers alike to bridge the gap between traditional education and the skills companies require. The company uses its proprietary technology platform to ensure students’ success through the learning experience.
“A key differentiator for us is our ability to create new programs quickly, and that’s largely due to our sophisticated technology.”, Khan added.
The edtech company’s success can be attributed to the quality of instructors which have been sourced along with the calibre of students that the company attracts. iXperience claims that its students originated from Harvard, Princeton, Stanford, Oxford, and other top international universities.
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.
Selwyn Blieden, Joint-CEO of Caleo Private Equity offers concluding thoughts on iXperience as a leader in the edtech space.
“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.’’
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Featured image: Founders of iXperience (Supplied)
