Global venture capital fund GSV has invested $7 million in South African EdTech firm
South African EdTech firm Valenture has received a $7 million investment from venture capital firm GSV. The startup operates a private online high school with offices in London, Boston and Cape Town. Whilst primarily an online institution, Valenture also has a physical presence in the form of boutique campuses. Students are encouraged to use the campus as an opportunity to socialise and meet with instructors. Parents are also invited and can attend a gym.
The company has experienced a surge in demand as a result of the Covid-19 pandemic. To cope with demand Valenture is planning to open additional campuses in Cape Town, Johannesburg, London and Boston. Students are provided with more flexibility in terms of how they study and are assigned mentors to help them work towards completing examinations.
“ The global demand for high-quality online schooling is skyrocketing in the current climate. We are thrilled to be partnering with the GSV team, who have already added immense value to our business through their knowledge, connections, and strategic guidance. We’re scaling up rapidly, and look forward to working with the GSV team to achieve our goal of becoming the largest and most impactful school on the planet.” Robert Paddock, Founder, Valenture
GSV Ventures is based in San Francisco and currently operates two funds with a total of sixty-six investments.
“ The investment will be used for further global expansion, enhancing the learning experience, and building out additional offerings such as new subjects and exclusive bootcamps like Coding, Design Thinking, Data Science, and more. ” Bradley Elliott, Chief Marketing and Innovation Officer, Valenture