In the season of funding, collaborations and takeover, EdTech startup WhiteHat Jr announced raising $10 million funding in Series A from existing investors Nexus Venture Partners and Omidyar Network India, on September 10, 2019. Owl Ventures, a Silicon Valley based EdTech, also participated in the funding round as a new investor.
Karan Bajaj, former Discovery Networks CEO and bestselling novelist, founded the WhiteHat Jr to pursue his dream of making a difference in global education.
The ed-tech startup helps kids 6 to 14 build commercial-ready games, animations and apps online using the fundamentals of coding. Started in November 2018, the company had earlier raised $1.3 Mn in seed funding from Nexus Venture Partners and Omidyar Network India.
Notably, the startup will utilize the new funds in strengthening their technology platform, expanding the course curriculum and increasing consumer awareness.
The online platform of WhiteHat Jr, over the past few months, has witnessed over 150,000 student trials, over 500 teachers onboard and 100% month-on-month student and revenue growth. The company conducts 1,000 online classes per day and has experienced resounding demand with all capacity regularly booked within an hour of being announced and maintaining a daily waitlist of 500 students.
Commenting on the development, WhiteHat Jr’s CEO, Karan Bajaj said, “Our mission is to harness the natural creativity of kids and shift their mindset from an early age – from being consumers to creators of technology. It’s been heartening to see the projects of kids in the first 6 months of launch as they’re creating immensely creative, high utility digital applications that are bound to have long-term impact.”
Anup Gupta, Managing Director, Nexus Venture Partners, said, “We have been privileged to partner with Karan from the concept stage of the company, and been very impressed with their execution and rapid growth. We are excited to strengthen our association with WhiteHat Jr’s mission of creating the next generation of innovators and thinkers.”
Currently, WhiteHat Jr offers four levels of courses – Beginner, Intermediate, Advanced and Professional – for students in grades 1-9.
In the live 1:1 online classrooms, kids create complex games, animations and apps using logic, sequence, structure, commands and algorithmic thinking. Interestingly, the early graduates, as young as seven, of the course have created professional-ready apps downloadable on the App Store.