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Within the EdTech space, Explico has developed an AI-based assessment learning platform that analyses a student's strengths and weaknesses for a particular subject to curate modular sessions based on their needs to increase learning efficiency.
Solution & Product
Explico uses artificial intelligence to help students identify their specific and respective weaknesses and strengths, enabling students to participate in unparalleled and unique modular learning based on their individual need. Explico leverages detailed analysis report produced by AI to increase efficiency of live interactive sessions by trained educators. Explico is positioned as a one-stop solution for all who require a targeted and intelligent learning approach.
Explico's product features include:
Go To Market
Target Segments - K10 Students
Region (B2C) - Singapore
Region (B2B) - India, Philipines, Indonesia, Vietnam and Africa
Channels (Online) - SEO, Email Campaigns, Paid Digital Advertisements
Channels (Offline) - Referrals, Partnerships, Resellers, Webinars and Workshop
Revenue Model (B2C)
Revenue Model (B2B SaaS + Pay per use)
Academic institutions can white label Explico AI-assessment to assess their students with their own content. This model is curated for any school and universities.
For any overseas school that wishes to gain additional access to Singapore's education content (assessment and live session) - Explico can offer a hybrid SaaS model.
Key Team Members
Explico is raising a S$540,000 Seed round through equity. $340,000 has been filled by lead investor (Astonicventures.com) and angel investors.
FundedHere is raising S$200,000 to help Explico close this round.
Use of Funds
Majority of the Seed Funding will be used for marketing and user acquisition to hit 300,000 users before raising a pre-series A round.