ImpactAlpha, January 29 – Manila-based startup Edukasyon has raised an undisclosed amount of funding to expand its online platform that helps Filipino youth find high schools and colleges, connect with international schools, plan their education and careers, and apply for scholarships. The $10 million Gobi-Core Philippine Fund—an early-stage investment fund by Philippine-based Core Capital and Shanghai and Kuala Lumpur-based Gobi Partners—backed the company.
Edukasyon is trying to improve educational attainment and post-graduation employment in a country where only 15% of students advance beyond secondary school. The company attributes the Philippines’ high rate of youth un- and under-employment in part to its “fundamentally inefficient” education system.
Edukayson started serving high school students in Manila in 2015 and expanded its reach to 10 million students in 2018, according to a company statement. Its latest funding from the Gobi-Core Philippine Fund follows KSR and French Partners’ investment in the company last May.