Espoo-based mobile learning service Funzi raises 3 million euros to stand for lifelong learning and offer a user-friendly low-data-cost platform to any kind of learner, both online and in the traditional education system. The round was led by Finnish and European institutional investors with participation from existing shareholders.
The company’s robust technology provides easy access to learning from anywhere and any device including old tech mobiles for its users. Over 9 million learners from all over the world have already been using the platform. The funding will give a boost to the company on its way to reaching new markets while providing growth in the existing ones.
Funzi closes 3 MEUR in funding to bring digitalization and lifelong learning to traditional education and accelerate its growth into new markets
The 3 MEUR funding will be used to develop new go-to-market channels and expand existing ones. A primary focus will be supporting the global trend towards lifelong learning. Funzi will do this largely by assisting educational institutions to modernize and expand their learning mix through digitalization and mobile learning.
“Funzi’s recent service launches and projects have validated three things about the market. First, our partnership approach can give us very rapid access to markets. Second, both mobile operators and education systems are showing significant interest in mobile learning services. Finally, and most importantly, our service is loved by our users, and they actually learn with it.” Aape Pohjavirta, Funzi’s Founder and President
The announcement builds on the success of recent partnerships with large-scale market players such as Indosat Ooredoo Hutchison (100+ million subscribers), Switch Asia (500 000+ Funzi users), and Snapplify (8 000+ schools).
Funzi focuses on giving mobile users access to soft skills that are important for their employability and entrepreneurial aspirations. Funzi has reached over 9 million learners worldwide and has an average course rating of 4.95/5.00
The Finland-based Edtech company announced that it has closed a 3 MEUR financing round. Finnish and European institutional investors led the round with participation from existing shareholders.
Pohjavirta concludes: “The covid-19 pandemic and the fast pace of changes in the world of work put a tremendous pressure on the existing education system to renew itself. Funzi uses its unique pedagogy and mobile delivery technology to give everyone access to learning that makes and keeps them relevant for the job markets.”
Funzi is a pioneering mobile learning service that launched its consumer-oriented services in 2019. With the aim of making learning accessible to everyone on the planet and a focus on 21st-century skills, Funzi courses can be accessed on any device with a browser and at low data costs. This makes Funzi an optimal solution for both partners and users on a path of lifelong learning.
The company’s business model enables scalable direct access to consumers while also supporting existing education systems in the digitalization of learning. This capability puts it in a unique market position. It can fuel its growth by providing scalable learning opportunities to education systems while simultaneously partnering with major African and Asian players, such as Indosat Ooredoo Hutchison, Switch Asia, and Snapplify.