Total amount raised
$7.1 Millions
Latest funding date
07/01/2024
Location
byteXL has developed an experiential learning platform aimed at enhancing computing education for engineering students through innovative programs and services. The platform offers a range of educational tools, including a self-hosted cloud-based coding environment and a proprietary app equipped with an LMS, academic content, and coding challenges.
Keep reading to explore the intricacies of byteXL's fundraising journey and the investors backing this innovative platform.
What Is byteXL?
byteXL is an EdTech company headquartered in Hyderabad, India, specializing in enhancing computing education for engineering students. The platform offers a range of programs, including a 4-year B.Tech CSE with specialization in AI/ML and the byteXL Career Accelerator Program (bCAP).
Focused on improving students' learning abilities and employability, byteXL addresses issues like outdated curriculum and lack of skilled faculty through tech-enabled learning solutions. The company partners with educational institutions to bridge the gap between academia and industry.
How Much Funding Has byteXL Raised?
- Angel Round
- Amount Raised: $200K
- Date: September 2021
- Lead Investors: Joseph Joy
- Seed Round
- Amount Raised: $1M
- Date: August 2022
- Lead Investors: Joseph Joy
- Series A
- Amount Raised: $5.9M
- Date: July 2024
- Lead Investors: Kalaari Capital, Michael & Susan Dell Foundation
In total, byteXL has raised $7.1M.
Key Investors
- Kalaari Capital
- Details: Kalaari Capital is a leading venture capital firm based in India, known for its early-stage investments in technology-oriented companies. The firm has a strong track record of supporting startups that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology, E-commerce, Healthcare, Fintech, EdTech
- Notable Investments: Dream11, CureFit, Urban Ladder
- Michael & Susan Dell Foundation
- Details: The Michael & Susan Dell Foundation is a philanthropic organization that focuses on transforming the lives of children living in urban poverty. The foundation supports initiatives in education, health, and family economic stability.
- Investment Focus Areas: Education, Health, Family Economic Stability
- Notable Investments: Khan Academy, QuestBridge, College Possible
- Joseph Joy
- Details: Joseph Joy is an angel investor with a keen interest in early-stage startups, particularly in the technology and education sectors. He has been instrumental in providing seed funding to promising ventures.
- Investment Focus Areas: Technology, Education, Startups
- Notable Investments: Not publicly disclosed
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