South African-based startup valenture institute acquires $7M in funding.
Tech startup valenture institute raises $7M to help extend its services globally.
SA ed-tech startup valenture institute is aimed at becoming the best online high school in the world. They offer world class curriculum to cater for high school students. Valenture institute was launch way back in January 2019 by Rob Paddock, co-founder of GetSmarter.
The COVID-19 crisis made a significant impact on how students accessed learning materials which in turn led to the migration of most institutions to online platforms. Valenture institute has been operating online since its introduction and also recorded a surge in students’ population during the lockdown.
The start-up has secured $7 million from GSV ventures, an early-stage venture fund that focuses on learning and talent technology to enable the school cater for the sudden growth. Currently, the school has boutique campuses in Johannesburg and cape town which will be opening in 2021 and would want to expand their territories to UK and USA in the near future.
Paddock stated, “The global demand for high quality online schooling is skyrocketing in the current climate. We are absolutely thrilled to be partnering with the GSV team, who have already added immense value to our business through their knowledge, connections and strategic guidance.”
“We’re scaling up rapidly, and look forward to working with the GSV team to achieve our goal of becoming the largest and most impactful school on the planet.”
Deborah Quazzo, managing partner at GSV Ventures added, “It’s not about their online experience or blended-learning boutique campuses, it’s about evolving education in a way never seen before”
“We back companies we know have the potential to change the narrative of education. In this case, the Valenture team has the grit, know-how and innovative spirit to change the way we educate all learners around the globe in future – be that primary, secondary or at tertiary level.”