Finnish EdTech startup Claned climbed over its 500,000 euros target on the last day of a long crowdfunding campaign, a day after it won an order from Australia to deploy its digital learning platform to nearly 100,000 users there.
The Helsinki-based startup is solving the riddle one-size-fits-all approach in learning with its personal learning platform. Empowered by artificial intelligence, the platform will show each user’s study performance and learning orientation, and help individual to discover a personal way of learning for maximising results.
Claned raised a total of 599,338 euros in the round which valued the firm at 13 million euros.
Claned said on Tuesday it had signed a deal with Catholic Education Western Australia (CEWA) to deploy its platform for 13,000 staff and over 80,000 students. CEWA runs 163 schools and colleges across the state, educating almost 20% of all school-aged children in Western Australia.
Previously, Claned has raised 4 million euros, a whopping amount for a Finnish edtech startup before a full public launch of the product. Latest seed investment round of 1.3 million euros – for expanding sales and further product development – was closed early 2016.
Editor’s note: Updates with the final result of the campaign.