The “seven digits” US Dollar Series A round funding is led by Investidea Ventures
Indonesia-based online language learning platform Squline announced that it has raised Series A round of funding from Investidea Ventures with participation from several undisclosed investors.
In its official statement, Squline shared that the funds will be directed towards supporting technology development, acquiring new talents, and product expansion in 2019.
Furthermore, Squline plans to cement its position as a leader in live language tutoring industry in Indonesia.
Squline was founded in 2014 and it started with the launch of Mandarin course, followed by English Course and Japanese course in the following years.
Just two years ago, the company provided Indonesian course targeting expats in Indonesia and overseas market.
It works by connecting local students with professional teachers based in China, Japan, Philippines, and Indonesia to learn and improve foreign language skills via a live video call and text conversation anywhere and anytime.
This year, Squline managed to nab the title of the Next Dev Evangelist of 2018 in a programme by local mobile operator Telkomsel. This allowed the startup to represent Indonesia in Future Makers event in Sydney in the same year.
“The product innovation that we have for 2019 will focus more on an affordable solution and an effective way to learn language online. This will also drive market expansion to Indonesia’s B and C level of audience and upgrade their competitiveness level,” said Squline co-founder and CEO Tomy Yunus.
Down the road, Squline has mentioned that it aims for an overall bigger social impact by providing a credible educational product that is available and accessible for everyone in Indonesia.
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