Singaporean EdTech startup Gift.ed announced the results of its recent funding round, securing US$1 million in a pre-seed round led by investment holding company IMC Pan Asia Alliance.
Hong Kong-based think tank Global Institute for Tomorrow (GIFT) initiated its latest venture into the digital education field with Gift.ed, a startup incorporated in Singapore, grown from emerging market trends for EdTech innovation in South-East Asia (SEA). The startup raised US$1 million in pre-seed funding from IMC Pan Asia Alliance, a Singapore-headquartered investment holding company with a portfolio of investments across various industries.
GIFT was founded in 2006, and is committed to driving purposeful leadership learning through partnerships with their diverse clientele, disrupting conventional learning and leadership patterns in Asia, and unleashing businesses’ organisational potential.
Targeting the beta launch of its educational e-platform for the second quarter of 2023, the recent procurement from the pre-seed funding round will set in motion Gifte.ed’s launch and assist with establishing and scaling the venture in SEA.
Incorporating insights from GIFT’s existing publications and undertakings based on 15 years of leadership programs and workshops in agribusiness, FinTech, healthcare, and others, Gift.ed’s educational content will spotlight these areas of expertise, with the use of proprietary technology to build unique and diverse learning pathways for their apprentices. Furthermore, the e-platform aims to provide personalised corporate education to assist organisations and businesses meet their goals, interests, and needs by offering relevant information.
The startup also announced the appointment of its new CEO, Janet Teo, based in Malaysia, who is set to lead and oversee the company’s operations from GIFT’s regional office in Kuala Lumpur. GIFT is currently eyeing its existing client pool for early adoption and trialing, as well as existing partners involved in its platform design and course development.
CEO Janet Teo stated, “We are at an inflection point in business, policy, and education. With the world hungry for solutions to sustainability challenges and the corporate e-learning market predicted to reach US$40 billion by 2025, the time is ripe for GIFT.ed. It will be a cutting-edge platform dedicated to disrupting the narrative and inspiring millions of minds to affect positive change.”
The cutting-edge digital platform will present numerous growth and development opportunities for emerging businesses alongside entrepreneurs in Asia, as it further extends its reach into the corporate e-learning market.
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