Education-technology start-up iXperience, also known as Ix, has raised US$2.5 million in series-A funding from South African investment firms Kalon Venture Partners and Caleo Private Equity.
iXperience partners with high schools, universities, and the private sector to provide “progressive education programs and services that equip students with industry-focused skills”.
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The company plans to use the funding to grow its team, continue to invest in its proprietary technology platform, launch programmes in new markets, and build its global partnerships division that is focused on working with companies, governments, and institutions on building career-readiness programmes.
“The world is changing at an exponential rate and current education systems are not keeping up,” Fuchs explained in a statement announcing the funding round.
“We believe that in the next century, learning won’t just be concentrated on youth, but interwoven throughout a person’s life as they transition across careers and life priorities. Our mission is to build immersive and transformational learning experiences that close this gap and give our students the best possible life.”
In addition to its “direct-to-consumer programmes”, iXperience works with institutions to allow them to remain relevant in a changing educational and professional landscape.
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In addition to their successful direct-to-consumer programs, iX partners with institutions to enable them to remain relevant in a changing educational and professional landscape.
Most recently, iXperience has built successful partnerships with the likes of the University of Virginia, WorldStrides, and Bar Ilan University.
Selwyn Blieden, Joint-CEO of Caleo Private Equity offers concluding thoughts on iXperience as a leader in the edtech space.
“iXperience is a perfect example of the entrepreneur-led, high-growth businesses that Caleo Private Equity loves to support. The company has the leadership and market position to transform its sector and positively influence the lives of thousands of students and other educational stakeholders.’’
Clive Butkow, CEO of Kalon Venture Partners attributes the investment into the innovative edtech to its talented team and unique product offering.
“Kalon’s decision to invest was strongly motivated by the exceptional quality of the entrepreneurs and innovative technology platform surpassing what’s currently in the market. We are excited for the investment, not only for its potential financial returns but also for the positive social impact that the company will have in contributing to and driving the digital education sector.”
What You Need Know About iXperience
iXperience was founded in 2013 by two Yale University graduates – CEO Aaron Fuchs (from South Africa) and chief product officer Rafi Khan (from the US). It started as a coding Bootcamp and has since become a big player in career-focused skills training. The business has about 2,500 alumni and partners with institutions and consumers to bridge the gap between traditional education and the skills companies require.
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