Singapore-based edtech firm Doyobi bags $2.8 million in a pre-Series A funding round
Founded in 2020, Doyobi, a STEM-focused educational programme, in the year 2020. Saturday Kids, according to Co-Founder and CEO John Tan, was barely reaching thousands of students per year after eight years of operation, despite the fact that there are millions of children worldwide who need to learn STEM skills. Although the edtech explosion has mostly focused on students, teachers are also learners. Doyobi, a professional development platform established in Singapore, intends to provide educators with innovative, more engaging ways to teach STEM courses. Monk’s Hill Ventures led a $2.8 million pre-Series A round of fundraising for the firm today. Tres Monos Capital, Novus Paradigm Capital, and XA Network participated in the round, as well as angel investors such as Carousell CEO Quek Siu Rui, Glints Co-founders Oswald Yeo and Seah Ying Cong, and Grab Financial Group CEO Reuben Lai. The fundraised amount will be used to create new cohort-based courses focused at upskilling teachers, as well as provide additional materials to assist them.