Codingal, an edtech firm, will use the money to expand, nurture, and inspire its fast-expanding community of K-12 students and coding instructors.
Y Combinator, Summer Capital, Day One Syndicate, and Rebright Partners led a $1.2 million seed funding round for Codingal Education, a coding platform for K-12 pupils and an edtech startup, which was disclosed on Wednesday. Nate Lipscomb (Senior Product Counsel, Youtube), Ganesh Rengaswamy (Managing Partner, Quona Capital), and Peter Weck (Co-founder, Simply Hired and StoryJumper) were among the notable angel investors that took part in the round.
Ashish Toshniwal (Founder, Y Media Labs), Viral Bajaria (Co-founder, 6Sense), Shashank Kumar (Co-founder, Razorpay), Karthik Ramakrishnan (Senior Leader, Alexa), and Hiro Mizushima are among the other significant angel investors in the current investment round (Angel investor and Japanese actor).
The edtech business will use the additional funding to develop, nurture, and empower the company’s fast-increasing community of K-12 students and coding instructors, according to the official announcement.
The money will also be utilized to further build their proprietary platform, which will allow for a more personalized and enhanced learning opportunity. In a year, the firm hopes to attract 500,000 additional students to its platform.
“We aim to encourage school kids to fall in love with coding, and we are creating Codingal to offer high-quality computer science education mixed with world-class coding contests,” Vivek Prakash, Co-founder and CEO of Codingal, said of the new development. Codingal intends to create a vibrant passionate economic industry for coding education, bringing together the best-in-class educators and students eager to learn how to code. We think we are only getting started, and this fundraising will assist us in realizing our genuine goals. We are grateful to our investors for their contributions to our success.”
The business was founded in September 2020 and raised $560K in an angel round in November 2020. Codingal got selected into Y Combinator’s Winter 2021 class in early 2021. Since its inception, the company claims to have increased 30% month over month and now earns over 20% of its income from foreign clients.
“In less than a year of its debut, Codingal has provided over 100,000 kids from over 5,000 schools an opportunity to learn coding via community-led coding competitions and live 1-on-1 lessons with its highly experienced Computer Science teachers,” said Satyam Baranwal, Co-founder and COO of Codingal. On the Codingal platform, we’ve also organised over 100 coding contests and received over 100,000 project and code submissions from students. It’s inspiring to see a flourishing community of kids, parents, and highly educated instructors interested in coding emerge and grow.”
To hold coding contests and foster coding culture among school kids, the company has collaborated with reputable academic institutions and technological businesses. Hewlett Packard Enterprise, IIT Roorkee, IIT Guwahati, BITS Pilani, DPS, BGS National Public School, and many others are among them.