# PT IQ Pendidikan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-iq-pendidikan

- Industry: Education/Training
- Headquarters: Indonesia
- Website: www.colearn.id
- Total disclosed funding: $34M
- Latest round: Series A (Jan 31, 2022)
- Investors on record: 19

## About

PT IQ Pendidikan, operating through its platform CoLearn, provides a dedicated online tutoring service for students, focusing on subjects such as mathematics, physics, and chemistry from grades 4 to 12.Founded in 2020, PT IQ Pendidikan is an Indonesian educational technology company that offers an online tutoring platform. The founders include Abhay Saboo, Bella Funck, Marc Irawan, and Sandeep Devaram, with Abhay Saboo currently serving as CEO. The company has an office in Indonesia and has successfully raised a total of USD 7.29 mn through its Series A funding round, which closed on January 31, 2022. The round was led by Woori Venture Partners and included other investors such as AC Ventures and Bina Nusantara Group. This funding has been dedicated to enhancing the company’s paid user base in Indonesia.CoLearn offers an online tutoring platform designed to support students in mathematics, physics, and chemistry for grades 4 through 12. The core service operates on a subscription-based model priced at IDR 90,000 per month, providing users access to a variety of educational resources via a mobile application and a web interface. CoLearn’s services include personalized tutoring sessions, video explanations for homework assistance, and interactive content aligned with the Merdeka curriculum, catering to both individual students and their parents.CoLearn generates revenue primarily through its subscription model. Users pay a monthly fee for access to educational services, which includes one-on-one tutoring and subject-specific video tutorials. This direct-to-consumer pricing structure enables families to enroll their children in the program, fostering a streamlined operational model and targeted educational solutions. The company emphasizes delivering a quality educational experience, backed by a satisfaction guarantee for refunds within the first month of subscription.Following its Series A funding round concluded in January 2022, PT IQ Pendidikan plans to utilize the raised funds of USD 7.29 mn to expand its paid user base in Indonesia. The company is focused on enhancing its product offerings and possibly introducing new educational tools to support its tutoring services. The strategic intention is to reach a broader audience across the Indonesian market, aiming for significant growth in user engagement and subscription uptake.

## Funding rounds

- Series A, Jan 31, 2022, $7.3M — WOORI Venture Partners, Leo Capital, S7V, January Capital, AC Ventures, TNB Aura, MyAsiaVC, Bina Nusantara Group
- Series A, Dec 8, 2021, $10M — Alpha Wave Global, GSV Ventures, Leo Capital, January Capital, AC Ventures, TNB Aura, Surge, Bina Nusantara Group
- Series A, Mar 29, 2021, $10M — Alpha Wave Global, GSV Ventures, AC Ventures, Surge
- Seed, Dec 1, 2020, $6.8M — Mahanusa Capital, Alpha JWC Ventures, Taurus Ventures, Leo Capital, S7V, January Capital, AC Ventures, TNB Aura, Alter Global, Surge, Azure Investment Partners, United Family Capital, MyAsiaVC, Blowfish Ventures Limited, PT. Ajwcs Sinergi Dua

## Investors

- Mahanusa Capital (https://capitalatlas.ai/funds/mahanusa-capital) — Seed
- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Seed
- Taurus Ventures (https://capitalatlas.ai/funds/taurus-ventures) — Seed
- Leo Capital (https://capitalatlas.ai/funds/leo-capital) — Seed, Series A
- S7V — Seed, Series A
- January Capital (https://capitalatlas.ai/funds/january-capital) — Seed, Series A
- AC Ventures — Seed, Series A
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Seed, Series A
- Alter Global (https://capitalatlas.ai/funds/alter-global) — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- Azure Investment Partners (https://capitalatlas.ai/funds/azure-investment-partners) — Seed
- United Family Capital — Seed
- MyAsiaVC (https://capitalatlas.ai/funds/myasiavc) — Seed, Series A
- Blowfish Ventures Limited — Seed
- PT. Ajwcs Sinergi Dua — Seed
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series A
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series A
- Bina Nusantara Group — Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A