Edtech startup Interactive Cares raises $220K in Pre-seed A round

May 2, 2023

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Interactive Cares, an ed-tech platform based in Bangladesh, announced that it has raised $220K in a pre-seed A round from Flagship Ventures, Mohammad Maaz, US Based Blue Aura Ventures, and other strategic investors.

About the investors: Flagship Ventures is a Bangladesh-based VC fund that invests in early-stage startups with the mission to accelerate the growth of the Bangladesh startup industry. Mohammad Maaz is a serial entrepreneur, and Angel Investor actively investing in early-stage tech startups. Blue Aura Ventures is a venture capital firm based in Dover, Delaware actively invests in e-commerce, fintech, food tech, automotive, and ed-tech sectors.

What is Interactive Cares: Interactive Cares is a Dhaka-based ed-tech startup that operates at the intersection of skills development, select test preparation, and competitive exams. The company collaborates with partners and experts for creating courses and experienced phenomenal growth over the years. The company describes itself as a “one-stop virtual Ed-tech platform for creating employability through courses, career paths, and master classes.”

The company is founded by Rare Al Samir and Jamila Bupasha Khushbu.

Interactive Cares was founded in 2020 and helps create employability through courses, career paths, and learning paths. Till now the company has 85000 paid users, 107 courses, more than 100 company partnerships, and most importantly 5000+ job placements happened.

The company says it aims to create job placement opportunities for local people in the global market and build scalable technology for smooth hiring for companies and build advanced certification courses collaborating with local and global universities and companies.

The company is working on its vision where enrolled students will get certificates from the Interactives Cares collaborating partner universities and will also get jobs from the partner company once the course is over. “Thus our company will work as a bridge and solve the gap between academia and industry which is one of the biggest reasons for unemployment”, says one of the founders of Interactive Cares.

Recently, Interactive Cares has been selected for the latest cohort of SuperCharger Ventures, a London-based ed-tech-focused virtual accelerator program run by cross-border venture capital firm  SuperCharger Ventures. Interactive Cares is the first Bangladeshi startup to get into the SCV accelerator program in a new format and the cohort startups will receive up to $270,000 in investment and access to SuperCharger Ventures’ network of investors, mentors, and corporate partners.

SuperCharger Ventures runs a 3-month accelerator program focused on ed-tech that provides startups access to clients, funding, and mentorship. The program also helps selected companies to “accelerate growth and expand internationally over the course of the program.”

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