LearnTube Raises Part Of $2 Mn Seed Round From Blitzscaling Ventures, Others To Launch AI Multilingual Coach
by Anne Florentyna · Inc42SUMMARY
- LearnTube has secured initial commitments from a host of investors including Blitzscaling Ventures, Goodwater Capital, Bisk Ventures and non-profit tech-led venture philanthropy investor ACT
- It plans to use the funds to deepen its AI & product capacities so that it can roll out an AI-powered multilingual live-learning coach
- Despite the uncertainty revolving in the edtech sector, the digital learning providers raised $224 Mn in the third quarter of 2024, up 357% from $49 Mn in Q3 2023, as per Inc42 data
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AI-powered learning platform LearnTube has secured initial commitments, part of its larger $2 Mn seed round, from a host of investors, including Blitzscaling Ventures, Goodwater Capital, Bisk Ventures and non-profit tech-led venture philanthropy investor ACT.
The company plans to use the funds to deepen its AI & product capacities so that it can roll out an AI-powered multilingual live-learning coach. The funds will also be used for product-led growth and global expansion.
“With the support of our investors, we are now poised to scale our operations, enhance our AI capabilities, and test new markets, particularly in the United States,” Shronit Ladhani, the cofounder at LearnTube, said.
Founded in 2022 by the husband-wife duo, LearnTube is a GenAI-driven upskilling platform that transforms internet and YouTube content into bite-size courses. Formerly known as CareerNinja, it is backed by the likes of Naval Ravikant’s AngelList Quant Fund, Capria Ventures, and Goodwater Capital, among others.
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The company is also part of the first cohort of the ‘Google for Startups Accelerator: AI First’ programme, which targets AI-first startups operating across sectors like gaming, manufacturing, healthcare, education, data analytics and cybersecurity.
With the effect of classrooms and study centres reopening after the period of lockdown, it posed a heavy challenge for edtech startups, in terms of their long-term sustainability. The fall in demand for online learning deserted some startups from funding opportunities, while many had to shutter their shops.
Despite the uncertainty revolving in the sector, the digital learning providers raised $224 Mn in the third quarter of 2024, up 357% from $49 Mn in Q3 2023, as per Inc42 data. Of this, industry player PhysicsWallah alone netted $210 Mn in September.
Notably, LearnTube is one of the first bets of California-based venture capital firm Blitzscaling Ventures in the country. Some of its portfolio companies include medtech platform Flexpa, event booking portal Gametime, and locker service provider Bounce.