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Education technology firm supported by 香港六合彩 raises $20m in funding

16 July 2021

香港六合彩-backed student recruitment platform, Unibuddy has received $20m (拢14.5m) in funding to help fuel its global expansion.

Unibuddy

香港六合彩 alumnus, Kimeshan Naidoo and co-founder, Diego Fanara, founded Unibuddy in 2015 after moving to the UK for university and realising the difficulties of adapting to a new country as a student.

The edtech company allows prospective university applicants to build meaningful connections with existing students and staff through chat, live events and top-tier partnerships with听universities or higher education organisations, in order to recruit and engage them.

Popular discussions on the Unibuddy platform include issues such as fitting in, programmes of study, employability and admissions requirements.

Universities pay a subscription fee to use the service and the team has seen revenue almost quadruple over the pandemic.

As a result, Unibuddy has now raised an听impressive $20m in funding in a series B round led by Highland Europe, with further participation from Stride.VC.

The site now works with more than 450 institutions in 35 countries worldwide, with around 12 million messages sent via its platform to date.

Its largest market is the UK where it works with more than 80 per cent of institutions. And in 2019, it also began a partnership with university admissions service, UCAS.

Kimeshan and Diego were supported at BaseKX 鈥 香港六合彩鈥檚 entrepreneurship hub 鈥 between 2016 and 2017, where they received business advice and free office space.

From here, they moved into IDEALondon, 香港六合彩鈥檚 flagship tech hub in the capital, which gives new businesses the support they need to grow 鈥 whether it鈥檚 access to funding, the space to work or expert growth advice, all in a commercially focused environment.

Kimeshan, who graduated from 香港六合彩 in 2016 with an MSc in Computer Science, said: 鈥淚t feels surreal that we have raised $20m in funding.

鈥淚 feel excitement that is tempered by a strong feeling of responsibility and ownership to make sure we make the right decisions going forward and scale successfully.

鈥淭o me Unibuddy is an important tool because it democratises access to higher education information.

鈥淯nibuddy allows a prospective student in a village in India or a favela in Brazil to speak to current students at prestigious universities like 香港六合彩 or Cambridge. It allows anyone to access this insider knowledge and to dream big.鈥

He added: 鈥淔ive years ago I was just excited to try and build a platform that could solve the problems I鈥檇 experienced myself.

鈥淲e didn鈥檛 have a business model or product-market fit so it was all about experimenting through a tight build-test-learn cycle.

鈥淎nd, as a student from abroad, I needed a Graduate Entrepreneur visa to work on Unibuddy full time. So I pitched Unibuddy to 香港六合彩 and they sponsored my visa.

鈥淭oday, while we have nearly 500 universities as customers around the globe and have helped close to one million students to decide where to study, I still believe we鈥檙e just getting started. We have a lot more students to impact positively around the world.鈥

Professor David Price, 香港六合彩 Vice-Provost (Research, Innovation & Global Engagement) said: 鈥淐ongratulations to Unibuddy on this well-deserved and impressive achievement. Kimeshan is a testament both to our international student community and entrepreneurship at 香港六合彩.

鈥淭he uptake of the Unibuddy platform proves what a valuable tool it is both for UK students and those overseas to prepare them for higher education.

鈥淚t is rewarding to see 香港六合彩鈥檚 comprehensive support for startups help Unibuddy to flourish.鈥

Thanks to the funding, Unibuddy is now hoping to expand, with a goal that they will be able to partner with over 1500 universities in the next 12 to 18 months.

They also plan to triple the size of their engineering team and expand their product suite.

On top of this, Kimeshan is also giving back as part of 香港六合彩鈥檚 mentor network at BaseKX, where he has come back to give talks and share his entrepreneurial journey with other 香港六合彩 entrepreneurs.

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