Ed-tech startup TagHive raises $2.5 million in Series A round of funding
- ByTejika Bajaj | December 22, 2021
Samsung Ventures-backed ed-tech startup TagHive recently announced that it has raised $2.5 million in Series A funding led by Forest Partners, a leading alternative investment firm based in South Korea.
As per the company statements, the ed-tech network plans to utilize the freshly infused capital to ramp up technology upgrades and expand local teams in India to meet growing demand for its smart learning platform.
“We are confident and highly impressed by TagHive’s team and ability to execute its plans to deliver much needed smart learning tools to public schools across India,” said Alex Seung Han, Founding Partner of Forest Partners. “This deal marks our first foray into India and is well aligned with our strategy to invest in disruptive companies with potential for global expansion.”
TagHive is on a mission to solve education inequality and to disrupt India’s US $7.5 billion public schooling ecosystem by improving classroom learning with smart technology. ‘Class Saathi’, developed by TagHive, is an AI based clicker solution that drives greater student engagement and participation in classrooms. The solution is affordable and does not require schools to upgrade their infrastructure as it functions via bluetooth connectivity instead of internet or electricity.
Commenting upon the recent round of fundraise, the founder and CEO of TagHive, Pankaj Agarwal said, “We are excited about this recent funding which will help us upgrade our technology to meet the needs for better education tools in India which is more important now than ever due to the pandemic. Going forward, we plan to continue to bring innovative tech-driven learning solutions to expand our footprint in India, South Korea and other markets.”
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