CLASSUM, a Seoul, South Korea-based education technology company that powers an interactive learning platform for corporations and universities, announced that it completed $11 million in its pre-Series B funding.
The round was led by venture capital firm Dunamu & Partners, with participation from Silicon Valley-based Storm Ventures, Big Basin Capital, and South Korean-based VC Pearl Abyss Capital.
The fresh capital will use to attract more top-tier talent and scale its presence across key geographies.
Co-founder & CEO of CLASSUM, Youjin Choi, said: "We are excited to have completed our latest round of funding. Disruption is imminent in the education industry, and we believe key stakeholders are ready and willing to adopt new technology to enhance the overall learning experience. We plan to use this new financing to aggressively expand our foothold in the enterprise learning market and scale our presence across more key geographies."
CLASSUM is used by more than 6,000 organizations across 32 countries. In South Korea, it is used by top-tier educational institutions such as Seoul National University, the Korea Advanced Institute of Science and Technology (KAIST), and Yonsei University.
The company is also widely adopted by multinational corporations such as Samsung Electronics, LG Academy, Prudential, Shiseido, and World Vision.
Company: CLASSUM Co., Ltd
Round: pre-Series B
Funding Month: October 2022
Lead Investors: Dunamu & Partners
Additional Investors: Storm Ventures, Big Basin Capital, and VC Pearl Abyss Capital
Company Website: https://www.classum.com/
Software Category: Interactive Learning platform
About the Company: Founded in 2018 by Lynn Lee and Youjin Choi, CLASSUM provides an interactive learning platform for corporations and universities as a SaaS model. The startup enables active communication and engagement from participants. It enables learners and educators to maximize their communication and engagement by supporting social media-based communicating features and selective anonymity among participants to minimize barriers in Q&As and sharing knowledge. In addition, the service also uses Artificial Intelligence (AI) to curate FAQs and provide data-driven insight into the dynamics of each learning environment. The firm has also partnered with leading platforms, including Zoom, Gather, Kahoot!, and Padlet, to incorporate interactive and collaborative learning experiences on and offline.