Glorang, a K12 ed tech start-up based in Seoul, has secured $10 million in a series A funding round co-led by Korea Investment Partners, Murex Partners and PKSHA Capital.
Glorang offers an education platform called Gguge, which provides a selection of more than 5,000 online classes taught live via Zoom for students aged 3-18. Teachers engage students with active learning methods including reading newspapers, solving puzzles and incorporating games like Minecraft and Pokémon into the classes.
Launched in 2020, Gguge has over 100,000 users in Korea and is rapidly growing with a new user acquisition rate of more than 40% per month, according to the business.
The company is expected to enter the Japanese and Malaysian markets by Q4 2022 and plans to expand into Taiwan, Thailand and Vietnam in the following years.
Taeil Hwang, founder and chief executive of Glorang, said: “As a team that understands both the local culture and strategies in Asia, we are confident that our platform will have a strong standing in Asia’s ever-growing D2C education market.”
Date published: 29 April 2022