South African edtech firm, iXperience has secured a $2.5 million Series A funding from Kalon Venture Partners and Caleo Private Equity.
iXperience was founded by Aaron Fuchs (CEO) and Rafi Khan (Chief Product Officer) in 2013 and it partners with high schools, universities, and corporates to provide progressive education programmes and services that equip students with industry-focused skills.
The edtech company will use the investment to grow its team, continue to invest in its tech platform, launch programmes across different markets, and build out its global strategic partnerships division that is focused on working with corporations, governments and institutions on building career-readiness programmes for the future of work.
Commenting, CEO Aaron Fuch said: “The world is changing at an exponential rate and current education systems are not keeping up. We believe that in the next century, learning won’t just be concentrated on youth, but interwoven throughout a person’s life as they transition across careers and life priorities.
“Our mission is to build immersive and transformational learning experiences that close this gap and give our students the best possible life.”
“A key differentiator for us is our ability to create new programmes quickly, and that’s largely due to our sophisticated technology,” Khan adds.
In a statement, Kalon Venture Partners said that to date, iXperience has over 2 500 alumni and partners with institutions and consumers alike to bridge the gap between traditional education and the skills companies require in today’s rapidly evolving workforce.
It adds that the company uses its proprietary technology platform to ensure students’ success through the learning experience.
iXperience counts its key successes to be the quality of instructors as well as the calibre of students it attracts, who come from the likes of Harvard, Princeton, Stanford, Oxford, and other top international universities.
In addition to its successful direct-to-consumer programmes, iXperience partners with institutions to enable them to remain relevant in a changing educational and professional landscape.
Most recently, it built successful partnerships with the likes of the University of Virginia, WorldStrides and Bar Ilan University.
“We are changing the way we think about work,” Fuchs says. “We push ourselves and our employees to think big, embark on a personal journey of growth, and tackle a global challenge at the same time.”
“Kalon’s decision to invest was strongly motivated by the exceptional quality of the entrepreneurs and innovative technology platform surpassing what’s currently in the market,” says Kalon Venture Partners CEO Clive Butkow.
“We are excited for the investment, not only for its potential financial returns, but also for the positive social impact the company will have in contributing to and driving the digital educational sector.”
“iXperience is a perfect example of the entrepreneur-led, high-growth businesses that Caleo Private Equity loves to support,” says Selwyn Blieden, joint-CEO of Caleo Private Equity.
“The company has the leadership and market position to transform its sector and positively influence the lives of thousands of students and other educational stakeholders.”
