Edtech

$14.9M for this South Korean digital learning platform to expand to APAC

January 30, 2024
Image from elice

Say hello to Elice! They’re a South Korean AI-powered edtech company that offers personalized coding classes and more to corporate clients and teaching institutions. Now, they raised a $14.9M Series C round. 

  • They serve over 1.8K clients, including Samsung, Hyundai Motors, SK Group, and Seoul National University.
  • They launched operations in Singapore last year!

Investor check. Vertex Growth led the round, while Altos Ventures also joined in!

🧑‍💻 Time to grow

Founders, investing in your people is one of the best things you can do for the business. Elice gets that.

Elice helps businesses train and upskill their employees with personalized classes! 

  • Meet EliceLXP. It’s their no-install coding learning environment where students can learn coding anytime, anywhere. 
  • The platform also has a real-time tutoring feature your work is corrected as you go. 

That’s not it! Elice also has a library with over 1K different pieces of educational content. Oh, and to assess the competencies of your staff, they’ve got a cheat-proof testing solution. 

Run the numbers! EliceLXP has more than 1.3M users, with an annual growth rate of more than 111%, according to a statement. 

✈️ What’s next? 

They’ll grow their organizational capabilities and explore expansion in APAC!

  • Oh, and they’re also going to enhance EliceLXP and double down on their AI tech by building an AI data center in Busan.

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