EdTech Startup Vivi
Australian edtech startup Vivi has raised $20 million from education investor Quad Partners, funds that it intends to use to improve its platform, upgrade its operational infrastructure and hire more sales and marketing teams in the Americas, Europe, and Asia.
This latest round sees Vivi reach $24.3 in total capital over five years after it raised $4.3 million last year from New York’s Riverside Acceleration Capital (RAC) and a syndicate of Australian investors.
The new investment will help the startup to accelerate its overseas expansion across the world with a focus on the United States, the country with the highest percentage of educators using one-to-one computing (1:1) computing.
One-to-one computing refers to academic institutions like schools and colleges, which allow all enrolled students to use electronic devices to access the internet, digital course materials, and digital textbooks.
Using Vivi, tutors can display their teaching material, including videos and exercises, to students, who then have the ability to annotate the content with their own notes on their own devices. Its other features include digital signage, emergency broadcasts, formative assessment, as well as student health and well-being checks.
The U.S., thus, remains a rich market for edtech companies like Vivi, which offers wireless presentation and screen mirroring technology to over 40,000 classrooms around the world, with the plan of reaching one million learning spaces in the next five years.
“Vivi has created demand overseas in a way that’s pretty unique — and largely by word of mouth. The company has evolved from a point solution into a comprehensive student engagement platform that has proven to be incredibly sticky,”Dr. Lior Rauchberger- Vivi Founder and Executive Chairman
In particular, the U.S. remains attractive to Vivi as it offers a market comprising nearly 14,000 school districts, with more than 130,000 K-12 schools, and over 5,000 universities and colleges.
Additionally, and as a consequence of the COVID-19 pandemic, there is unprecedented federal funding in the U.S. going into education, increasing the number of students with laptops, tablets, and phones. This is as hybrid learning maintains a growing presence across the country.
So far, Vivi is in 12 countries spanning Australia, Europe, Middle East, South East Asia and the Americas.
EdTech Startup Vivi