India’s ‘ed-infra’ startup Teachmint closes US$78M Series B
Investors: Rocketship.VC and Vulcan Capital co-lead the round, with participation from Goodwater Capital, Epiq Capital, and existing investors Learn Capital, CM Ventures, Lightspeed India, and Better Capital.
Plans: Teachmint aims to double its workforce in the next six months to support its global expansion. A portion of the capital will also be used to strengthen Teachmint’s proprietary classroom technology. It is also eyeing a few strategic acquisitions to strengthen its infrastructure offering.
About Techmint: Launched in 2020, Teachmint offers end-to-end infrastructure needs of educators — from K-12 schools to after-school tutoring to universities and tech firms. Through its classroom infrastructure, teachers are able to deliver live online classes, ensure continuous student engagement and automate their admin workflows. The startup claims to have registered a user base of over 10 million teachers and students from 5,000 cities in the world.
China’s identity cloud platform Authing banks US$23M in Series A
Investors: Tiger Global, CDH Investments VGC, Agora, GGV Capital, and MiraclePlus.
Plans: To continue investing in research and development, attracting talent and expediting commercialisation progress.
About Authing: Authing provides apps with authentication, authorization, user management and security risk control services from the perspective of identity-as-a-service cloud computing for enterprises. The startup also integrates nearly 100 applications to help enterprise administrators and developers streamline the complete Single Sign-On applications process, covering collaborative office, cloud computing, marketing, management, development tools, human resources and other fields. It boasts to have served clients spanning across Europe, America and Asia.
Bangladesh’s Bondstein secures US$1M for new IoT solutions R&D
Investors: Runner Group and Runner Trading Limited.
Plans: To drive acquisitions, R&D of new IoT solutions, increased inventory and expansion of manufacturing facilities. Bondstein also aims to expand in IoT technology export.
About Bondstein: Bondstein serves a wide range of customers through offering connected technologies, including vehicle tracking, remote power monitoring, smart home, among others.
Ilham Habibie joins Indonesia’s fintech Ayoconnect as Commissioner
The story: Ilham Habibie will join Ayoconnect as a commissioner, bringing into the fold his experience in Indonesia’s ICT and finance landscape.
Background: Habibie previously served as Ayoconnect’s strategic advisor since August 2020 before joining the ranks of investors in Ayoconnect’s pre-series B round in September. He is currently the chairman of Bank Muamalat, Indonesia’s first Islamic (Sharia) Bank, and leading Indonesia’s National ICT Council and the Agency for Research and Technology of the Indonesian Chamber of Commerce and Industry (KADIN).
About Ayoconnect: Founded in 2016, Ayoconnect offers a wide range of financial white-label products on its Application Programming Interface (API) platform. The startup claims to service more than 100 Indonesian companies as clients and connecting more than 1,000 institutions through its network of APIs. In September, it secured fresh funds of US$10 million in a pre-Series B round.
