Edtech startup Kreedo Early Childhood Solutions has announced that it has raised $2.3 million in pre-Series A funding. The funding round was led by Switzerland-based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital, and 1Crowd. Innospark Ventures, IIM-CAN and The Chennai Angels also participated in the funding round.

Dhun Davar, Head of Social Finance, UBS Optimus Foundation, said “We see Kreedo’s business model as a unique way to create social change by making quality early education accessible to every child from lower-income communities.”

“The pandemic has adversely impacted the already distressed early education sector, and now Kreedo is seeing tremendous traction as they address a massive learning gap which schools need help to fill,” added Pranay Adhvaryu, Head of Investments, Gray Matters Capital. 

Based in Bengaluru, Karnataka, the startup was founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan, both alumni of IIM-Chennai.

The latest investment will be utilised towards accelerating Kreedo’s next phase of growth and team expansion.

Mridula Shridhar, CEO of Kreedo, said, “Our vision is to democratise quality early education. We have an overwhelming response from our partner schools who are looking for the most affordable and simplest way to improve foundational learning. The new round of funding will enable us to take Kreedo to 7000+ schools across multiple cities in India”.