Jakarta-based HarukaEdu, an online higher education provider, has raised an undisclosed amount in its Series C funding round led by US-based global trading firm SIG.
The round also saw participation from AppWorks, GDP Venture and Gunung Sewu Kencana, and HarukaEdu's existing backer Samator Education.
Established in 2013 by a team of individuals, HarukaEdu aims to provide a bright future for Indonesians through quality, affordable, accessible, and sociable online education. Believing that online learning is one of the best solutions for solving higher education problems in the country, the company started out by providing an end-to-end solution to empower higher education institutions to go online quickly to increase their student capacity and improve the quality and efficiency of the learning experience. HarukaEdu says it now works with more than 15 higher education institution partners in Indonesia, offering over 20 accredited online and blended learning degree programs.
HarukaEdu offers cost-efficient online and blended learning degree programs to allow more working adults to affordably access quality higher education with more flexible study schedules.
The company plans to use the new funds to support its expansion into B2B services through its corporate online training platform, besides bolstering its lifelong learning platform, Pintaria.com, for Indonesian working adults looking to upskill and reskill.
Speaking about the company and its mission, Novistiar Rustandi, CEO, HarukaEdu, said,
“We aim to achieve the same learning outcome compared to regular offline training, yet reducing the number of working hour spent on training by 50%, offering companies potential savings of millions USD per year.”
HarukaEdu has entered the corporate training market this year with CorporateEDU. The program leverages the company’s deep experience in pedagogy, technology and working with institutions, to help clients transform their offline employee training program into a blended, micro-learning program. In 2020, the company plans to focus on vocational training programs with the aim to up-skill and re-skill Indonesian millenials.
Needless to mention, HarukaEdu closed its Series B round in 2016. The round was led by Samator Education and joined by Japan’s CyberAgent Ventures and Pearson Affordable Learning Fund (PALF), the VC arm of the global education company.