Camp K12, an ed-tech startup operating out of the US and India, focused on building a global online school for 21st century skills, has announced that it has raised $12M in a Series A round co-led by Matrix Partners India and Elevation Capital.
Funds will be used to hire leaders across functions, hyperscale operations and marketing, and to build engineering and product team.
“We have laid the foundations for a global online school, and we’re ready to scale. My view is that an enduring institution in a crowded market of online schools will not be built through sales & marketing excellence alone, but through differentiated acquisition, engagement, and retention of customers. I believe in the power of community, and in network effects. We have a bold roadmap for social multiplayer experiences for our kids, in class and outside of class, and we’re excited for our users to start experiencing this product as early as next month.” Said Anshul Bhagi, Co-Founder, Camp K12
“We are able to establish our product leadership in every category and geography we have forayed into, be it India, Middle East, or the United States. We take pride in building a very loyal, happy and satisfied user base of hundreds of thousands of parents and students who are looking at a quality online education at affordable pricing. This series A Investment will accelerate our expansion and we are beefing up our team with experienced Do-ers from Business, Sales, Marketing, Product, Operations and Engineering.” Said Sandeep Bhagi, Co-Founder, Camp K12
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.