Liqvid English Edge, an e-learning startup, has today announced that it has raised $1 million in its latest Series A round of funding. The round was raised from social venture capital firm Gray Matters Capital.
The company will utilize the funds to market and scale its product, which is an English language assisted-learning software for teachers and students. This software helps with language learning and basic soft skills. English Edge follows the concept of blended learning – a mix of instructor-led and computer-based learning, coupled with technology and multimedia.
English Edge is a subsidiary of Liqvid eLearning Services, founded by Vivek Agarwal. Vivek had also founded egurucool.com. Now, English Edge is planning to tie-up with 10,000 centres in the next three to five years.
Vivek Agarwal, Chief Executive Officer of LIQVID, said,
Our plan is to tie-up with schools, colleges, and centres who will deliver our programme.” It plans to tie-up with 10,000 centres in the next three to five years.
Robert Patillo, founder of US-based Gray Matters Capital said,
Language, especially English, still acts as a huge barrier to learning and job placement for individuals coming from the bottom-of-the-pyramid population across the world. We are happy to be associated with LIQVID, who are making the efforts.
Founded in 2002 by Vivek Agarwal, an IIM-Calcutta alumnus, Liqvid is an elearning service provider with domain-specific expertise in custom elearning solutions, enterprise learning, blended learning solutions, elearning technology, and learning support.
Since the company’s formation, it claims to have created over 8,000 hours of elearning content and has tied-up with over 1,600 schools. Its list of clients include Hewlett Packard (HP), Motorola, IBM, Hughes, American Express, BBC Learning, Harcourt, Oracle, Standard Chartered Bank, and Philips.
Last year, in September 2015, Liqvid had announced its plans to incubate and fund up to five mobile-first startups in the education technology space. Other startups in this segment include MeritNation, Sigrid Education, and Flipclass, among others.