GREDU Announces 58 Billion Rupiah Series A Funding, Led by Intudo Ventures

The developer of the SaaS platform for education GREDU announced that it has secured a series A funding of $4 million or equivalent to IDR 58 billion. The round was led by Intudo Ventures with the participation of previous investor Vertex Ventures. Funds will be focused on market expansion, product development, and talent recruitment.

Based on the statistics presented, GRADU Currently, it has partnered with 400 schools, embracing around 400 thousand users. Previously they focused more on the K-12 level (SD to SMA), but now with more mature products, GREDU also serves digitization at universities and colleges. pre-school (PAUD, Kindergarten).

It is undeniable that new school digitization services are optimally utilized by schools in big cities. GREDU also admits that its user base is still mostly focused on the Greater Jakarta area. The expansion plan will be intensified, in order to acquire new users from schools in various cities in Indonesia.

"In these challenging times, digitization has become a necessity for schools across Indonesia. With this financing round, we plan to increase product and reach, reduce friction and ease the digitization process [...] We are confident in the market and growth digitalization in the education sector and want to expand the business nationally and regionally until next year," said GREDU Co-Founder & CEO Rizky Anies.

Ecosystem GRADU app consists of four main services, namely the School Management System for administrative officers; GREDU Teacher to make it easier for teachers to carry out teaching and learning administration activities; GREDU Parent to help parents see their child's performance; and GREDU Student to make it easier for students to get access to learning channels and learning outcomes.

"Working with the community and school administrators, GREDU provides innovative solutions specifically designed to improve the quality, transparency and effectiveness of Indonesia's education system. We are proud to support GREDU at this critical time as they help more schools digitize their operations and create a positive impact for students throughout Indonesia," said Intudo Ventures Founding Partner Patrick Yip.

Meanwhile Joo Hock Chua, Managing Partner of Vertex Ventures said, "The pandemic has accelerated the need for digitalization and transformation in the education industry. We believe that GREDU, with its holistic approach to serving all stakeholders and the school's value chain, is in a great position to capitalize on this change. This also helps improve the quality of education in Indonesia."

SaaS services are indeed a variant of the educational technology ecosystem. In Indonesia, besides GREDU there are some other startups which also peddle SaaS services to schools, of course with their respective value propositions. These startups include AIMSIS, EdConnect, SmartSchool InfraDigital, Sikad, and Quintal.