Toddle is a SaaS-based online platform offering edtech startup that announced its plans to raise around 15 to 18 million USD in its new funding round. The company plans to raise this amount with the participation of its new and existing investors. The source close to the deal told Entrackr that this funding round is expected to have the participation of GSV Ventures and micro vc from the US.
The company intends to use these fresh proceeds to scale its operations, improve its platform capability, and develop its market presence. The edtech startup uses advanced technology to offer management solutions for educational institutions. The online platform provides solutions for planning, student portfolios, family communication, and reports. The company offers features like curriculum alignment, portfolio tools, daily plans, visual progress reports, and more.
The startup has raised around $23.5 million across six funding rounds since its inception, including $17 million secured from Better Capital, Trifecta Capital, Tenacity, Matrix Partners, and other investors during its series A funding round. The company aims to transform the edtech sector by offering innovative solutions in tech education. This investment will enable the startup to enhance its platform capability while increasing its customer base. The company faces competition from other edtech platforms including Moodle, D2L, and Instructure.
The data intelligence startup, tracxn reported that the company has 16 institutional investors including Z47 and Trifecta Capital. After this funding round, the company is expected to reach the post-money valuation of 100 million USD. Toddler’s official website mentioned that the platform is used by over 2,000 schools through both free and paid services. Toddler offers its services in 100 countries including the UAE, China, the US, and the UK.
The Bengaluru-based firm posted a 72 percent increase in its operational revenue to Rs 32.35 crore in FY23. However, the losses grew and stood at Rs 40.7 crore in the same duration. The Indian Edtech startup ecosystem saw an increase in funding compared to last year. The overall deals raised by the edtech sector increased to $613 million across 37 deals in 2024 compared to $456 million raised in 2023. The investment came just after the edtech sector saw increased investor interest. This funding round highlights the market potential of the firm in this sector.
Conclusion :
Toddle is an edtech startup that plans to receive 15 to 18 million USD in investment in a fresh funding round from GSV Ventures and other investors. The funding round might have the participation of the firm’s new and existing investors. The startup intends to use the fresh capital to expand its team, scale its operations, and enhance its platform while developing its market presence.
The company is expected to reach a post-money valuation of $100 million after this funding round. The company provides an online platform that provides management solutions for educational institutes. The edtech sector saw increased funding compared to the previous year. The startup competes with other SaaS-based edtech platforms like Moodle.
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