Edtech startup Codeyoung raises $5 Mn in Series A round

Codeyoung, an edtech startup has raised $5 million (Rs 44.4 Cr) in its Series A funding round, led by Blue Tokai-backer 12 Flags Group and Enzia Ventures.

The round was an equal mix of primary and secondary funding, with the secondary portion allowing early investor Guild Capital to exit.

The startup will use the new funds to grow in its current international markets, especially in the US and Canada. Some of the money will also go toward building AI-based personalization tools and adding new learning categories.

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“Currently, we have around 15,000 students learning from us every week. Overall, around 20,000+ students are active on the platform. In terms of our student distribution, 70% are from North America, which includes the US and Canada, around 25% come from the UK and the remaining 5% are from the rest of the world,” Dhakad said.

“Currently, Codeyoung is cash flow positive. We generate a revenue of about $1.8 Mn on a monthly basis,” Dhakad said.

About Codeyoung 

Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung provides one-on-one online classes for children aged 5 to 17 in subjects like math, English, coding, and science.

The startup has about 1,100 trainers from different continents. These trainers work as independent contractors and usually conduct 5–6 sessions each week, the cofounder said.

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The operations team, based in Bengaluru, has 350 employees. Codeyoung currently has an annual recurring revenue of $15 million.

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