South Africa's edtech startup FoondaMate secures $2 million in funding

FoondaMate, a South Africa-based edtech startup has secured $2 million in its seed funding round led by UK-based VC firm, LocalGlobe.

• The startup plans to use the funds to scale its WhatsApp and Facebook-hosted learning chatbot for use across the world.
• FoondaMate is a tech-driven education-focused business offering students revisions and immediate answers and academic guidance using WhatsApp API.
• It is currently used in more than 30 countries with over 400,000 students using the platform in over 10 languages.
• The edtech firm plans to reach 50 million users by localizing the learning materials on its platform and leveraging the raised funds.