Edtech startup Geniebook raises US$16.6m in Series A funding

October 19, 2021

The Business Times

SINGAPORE education technology (edtech) startup Geniebook has raised US$16.6 million in a Series A funding round led by East Ventures and Lightspeed Venture Partners.

Other angel investors in the round include Unacademy’s Gaurav Munjal and Roman Saini, Snapdeal’s Kunal Bahl and Rohit Bansal, and Dunce Capital’s John Danner.

This brings Geniebook’s total funding to US$17.7 million, including a pre-Series A round of US$1.1 million.

“As we enter the second year of the pandemic, when schools and students have to seek online arrangements, edtech companies are playing an important role and have accelerated their delivery of solutions to users,” said Roderick Purwana, managing partner at East Ventures.

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.