Bangalore, November 12, 2024: Edtech SaaS startup Toddle is gearing up to secure a significant funding boost of $15-18 million in a new funding round. The company is in advanced talks with a mix of new and existing investors, including GSV Ventures, which is poised to co-lead the round.
Toddle, founded in 2019, has rapidly gained traction with its innovative teaching and learning platform, particularly among international schools offering IB and other progressive curricula. The platform is currently utilized by over 2,000 schools across 100+ countries.
The fresh infusion of capital will likely propel Toddle’s growth trajectory, enabling it to expand its product offerings, strengthen its market position, and potentially explore strategic acquisitions. This comes as the edtech sector is witnessing a resurgence in investor interest, with several notable deals closing in recent months.
While Toddle’s revenue surged 72% to Rs 32.35 crore in FY23, its losses also increased significantly. The company’s performance in FY24 remains to be seen.
As the edtech landscape continues to evolve, Toddle’s successful fundraising and strategic moves could position it as a key player in the global education technology market.