Edtech startup Teachmint said it has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures.
The startup will utilise the fresh infusion of capital for hiring talent, R&D on teaching technology, strategic acquisitions, and further market expansion.
The startup enables teachers to digitise their classrooms. It claims to have over 7,00,000 teachers on its platform.
“This is Teachmint’s third round of investments within 10 months of its launch in May 2020, making it the fastest edtech startup in India to raise more than $20 million in capital,” it said in a press statement.
“There are startups building great products in education and we would love to partner with some of them in taking their products to the larger audience,” said Mihir Gupta, co-founder and CEO, Teachmint.
“Learn brings along global experience across geographies with investments in the US, Europe and Asia. Their insights will add a lot of value as we look at global markets,” he said.
Learn Capital is a San Francisco Bay Area-headquartered venture capital firm which made early investments in Coursera, Udemy, and Brainly among others.
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