Jakarta-based Gredu, which provides apps for school administrators, teachers, parents, guardians and students to keep track of events and communicate with one another, has raised $4 million in a Series A funding round, led by Intudo Ventures, an Indonesia-focused venture capital firm, with participation from returning investor Vertex Ventures, Tech Crunch has reported.
Founded in 2016, Gredu works with Indonesia’s K12 national curriculum and Islamic curriculum programmes, used in private and public schools. The company is also developing new products, including software for pre-schools and university programmes.
Gredu has 400,000 users is used in more than 400 schools. The company stated it will use the funding to expand in the Greater Jakarta region and into major cities throughout Indonesia, and for product development and recruitment.
Gredu’s co-founder and chief executive Rizky Aniez said: “We believe that much of the digitisation in schools adopted during the pandemic will continue to be used for the future, changing the way administrators manage schools and improving transparency for local education authorities, teachers and parents.”
Intudo Ventures founding partner Patrick Yip added: “Working with school districts and administrators, Gredu provide innovative solutions specifically tailored to enhance the quality, transparency and effectiveness of Indonesia’s education system. We are proud to support Gredu at this critical juncture as they help more schools digitise their operations and create positive impact for students throughout Indonesia.”
Date published: 8 July 2021