Knowledge Platform, a Pakistan-based educational technology firm, has raised over US$2 million from its series A equity funding round led by Beaconhouse School System and Lakson Investments Venture Capital.
Several individual investors also participated in the round, according to a statement. In addition, Future Trust, a trust established by the JS Group, provided a substantial funding facility to Knowledge Platform.
“We aim to revolutionize education in Pakistan and serve at least 5 million students by 2024, and to achieve this we need a strong consortium of partners,” said Mahboob Mahmood, founder of Knowledge Platform.
“Lakson Investments will play an essential role in helping us navigate the venture capital market. And the JS Group have in-depth experience in funding small entrepreneurs that constitute the majority of Pakistan’s rapidly evolving private school sector.”
Established in 2003, Knowledge Platform offers instructional content, videos, national curriculum-aligned games and assessments, AI, data and reporting, teacher training, and technical and school support.
Through its online and mobile Learn Smart Pakistan product, students in Pakistan can study for free. Its Learn Smart Classroom product provides teachers support in the classroom through digitized lessons and assessments for key subjects.
The company claims its solutions are used by over 200,000 students and more than 350 public and private schools across Pakistan. It also said its international learning technology now powers English education for over 400,000 students in China.