Geniebook is proud to announce that we have raised USD16.6 million in a Series A funding round led by East Ventures, Lightspeed Ventures Partners, and supported by prominent angel investors including John Danner (Dunce Capital), Gaurav Munjal & Roman Saini (Unacademy), Kunal Bahl & Rohit Bansal (Snapdeal) and other senior executives from Southeast Asia’s leading companies like Grab, Shopee, and Gojek. The funds will go to scaling the team with strategic new hires and product development.
Buoyed by this funding round and the support of its strategic partners, Geniebook is poised for a next growth leap with strategic new hires, product innovation, plus an unwavering focus to deliver learning experiences to help more students learn smarter and do better!
Singapore-based Geniebook’s personalized learning platform raises $16.6M Series A
Most of Geniebook’s students are based in Singapore and Vietnam, and it plans to use part of its funding to continue growing in those markets before focusing on other Southeast Asian countries. The startup’s Series A brings its total raised to about $18 million. Geniebook’s last round of funding was a $1.1 million pre-Series A round in 2019 from Apricot Capital.
East Ventures, Lightspeed co-lead edtech firm’s $16.6m raise
The online learning platform says that it has seen a 2000% revenue growth since 2019, having onboarded over 150,000 students across Southeast Asia. Geniebook’s headcount also grew fivefold in the same timeframe, employing 350 people mostly for its curriculum and engineering teams across its regional offices.
Edtech startup Geniebook raises US$16.6m in Series A funding
The funds will be used to improve existing products. The edtech startup has 3 products, GenieSmart, worksheets personalised by artificial intelligence; GenieClass, live and recorded classes; and GenieAsk, a real-time teacher chat.
"We are excited to back Neo Zhizhong and Alicia Cheong who have been tutoring for the past 10 years and who have built a successful offline tutoring business prior to Geniebook," said Dev Khare, partner at Lightspeed.
Singapore edtech startup Geniebook secures $16.6m in Series A funding
Aside from scaling its team with strategic hires, Geniebook said the fresh funds will be used to continually innovate on its existing products, including GeneiSmart, its AI personalised worksheets that identify specific learning gaps for targeted improvement.
East Ventures, Lightspeed, senior execs from SEA’s unicorns back Geniebook’s US$16.6M Series A financing
Geniebook, a Singapore-headquartered edutech startup, has secured US$16.6 million in a Series A financing round co-led by East Ventures and Lightspeed Venture Partners. Individuals, who participated in the round, include Dunce Capital’s John Danner, Unacademy’s Gaurav Munjal and Roman Saini, Snapdeal’s Kunal Bahl and Rohit Bansal and other senior executives from Southeast Asia’s unicorns such as Grab, Shopee, and Gojek.
Singapore edtech startup Geniebook raises $16.6m
Aside from scaling its team with strategic hires, Geniebook said the fresh funds will be used to continually innovate on its existing products, including GenieSmart, its AI-personalized worksheets that identify specific learning gaps for targeted improvement.
It also operates GenieClass, which lets students learn from teachers via live online classes, and GenieAsk, which allows students to chat with and receive help from teachers in real time.