An educational technology (B2B) firm called AntWalk has secured $7.5 million in a Series A fundraising round that was overseen by GSV Ventures. Y Combinator and preexisting investor Matrix Partners participated in the round.
The edtech business plans to use the additional funding to improve its Learning Experience Platform (LXP) through gamification and to develop its content pedagogy. It also intends to grow its sales and marketing staff in an effort to appeal to a larger consumer base.
In 2019, former McKinsey consultants Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta, and Sudhanshu Shekhar formed the startup AntWalk.
According to the business, the concept for AntWalk sprang from the realization that contextual knowledge transfer is necessary when people join, advance, and take on more responsibility.
The startup projects that the enterprise learning and development (L&D) market will reach the $402 Bn level by 2025.
