Interactive Cares, an ed-tech platform based in Dhaka, Bangladesh, has recently announced that it has raised $220K in pre-seed A funding from Flagship Ventures, Mohammad Maaz, US Based Blue Aura Ventures, and other strategic investors.
The investors include Flagship Ventures, a Bangladesh-based VC fund that invests in early-stage startups with the mission to accelerate the growth of the Bangladesh startup industry. Mohammad Maaz is a serial entrepreneur and Angel Investor actively investing in early-stage tech startups. Blue Aura Ventures is a venture capital firm based in Dover, Delaware, actively investing in e-commerce, fintech, food tech, automotive, and ed-tech sectors.
Interactive Cares is an ed-tech startup that operates at the intersection of skills development, select test preparation and competitive exams. It collaborates with partners and experts for creating courses and has experienced phenomenal growth over the years. The company describes itself as a “one-stop virtual Ed-tech platform for creating employability through courses, career paths, and master classes.”
The company was founded in 2020 and helps create employability through courses, career paths, and learning paths. Till now the company has 85,000 paid users, 107 courses, more than 100 company partnerships, and most importantly 5,000+ job placements have happened. The future plan of the company is to provide job placement for local people in the global market and build scalable technology for smooth hiring and placement, placing local talents in the global market. Building more advanced certification courses collaborating with local and global universities & companies.
Interactive Cares was recently selected for the latest cohort of SuperCharger Ventures, a London-based ed-tech-focused virtual accelerator program run by cross-border venture capital firm SuperCharger Ventures. Interactive Cares is the first Bangladeshi startup to get into the SCV accelerator program in a new format, and the cohort startups will receive up to $270,000 in investment and access to SuperCharger Ventures’ network of investors, mentors, and corporate partners.
The founder of Interactive Cares stated, “Our company will work as a bridge and solve the gap between academia and industry, which is one of the biggest reasons for unemployment.” The company is working on its vision where enrolled students will get certificates from Interactive Cares collaborating partner universities and will also get jobs from the partner company once the course is over.
Interactive Cares’ successful pre-seed funding round demonstrates the increasing interest in ed-tech startups in the region and the potential for growth in the sector. With the additional funding and access to mentorship, the company is expected to continue expanding and fulfilling its vision of bridging the gap between academia and industry.