The Cape Town-based iXperience, established in 2013 by Aaron Fuchs and Rafi Khan, began as a coding Bootcamp and has since evolved into an industry leader in career-focused skills training.
It now has over 2,500 alumni and works with both universities and customers to fill the gap between conventional education and the skills that employers need in today’s rapidly changing workforce. The company’s proprietary technology platform ensures that students succeed in the learning process.
iXperience has received a US$2.5 million Series A funding round from Kalon Venture Partners and Caleo Private Equity, which it will use to expand its staff, invest in its creative technology platform, launch programmes in new markets, and expand its global strategic alliance’s division.
“The world is changing at an exponential rate and current education systems are not keeping up,” Fuchs said. “We believe that in the next century, learning won’t just be concentrated on youth, but interwoven throughout a person’s life as they transition across careers and life priorities. Our mission is to build immersive and transformational learning experiences that close this gap and give our students the best possible life.”
Clive Butkow, CEO of Kalon Venture Partners, said his firm’s investment in iXperience was inspired by the outstanding quality of the entrepreneurs and an advanced technology platform that outperforms what is currently available.
“We are excited for the investment, not only for its potential financial returns but also for the positive social impact that the company will have in contributing to and driving the digital educational sector,” he said.
Caleo Private Equity’s joint CEO, Selwyn Blieden, said the startup was an excellent example of the entrepreneur-led, high-growth companies that his firm preferred to invest in.
“The company has the leadership and market position to transform its sector and positively influence the lives of thousands of students and other educational stakeholders,” he said.
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