Claned raises €1.3m from Cross Border Angels to scale its AI-driven learning platform.
The round was led by Indian members of the Cross Border Angels network.
≈ £1.0M at €1 = £0.7944 on 15 Apr 2016
CLANED is an educational technology company headquartered in Helsinki that provides a personal learning platform combining pedagogical research with artificial intelligence.
Finnish educational technology provider CLANED has raised €1.3m in a funding round led by members of the international investor network Cross Border Angels and Investors. The capital will support the company as it scales commercial operations and accelerates the rollout of new product features.
Founded in 2013 and backed previously by Tekes, the Helsinki-based firm uses artificial intelligence and pedagogical theories to personalise learning experiences for students. The fresh funding follows commercial deployments across several international markets and comes as the venture prepares for a larger Series A raise later in the year to support its global expansion plans.
From the founder
"It was great working with Cross Border Angels on this round as we got access to Smart capital through their network, which is critical for us at this stage. These international investors will help us to leverage on their network, thus helping our venture roll out in the Indian subcontinent, one of the key focus geographies for Claned in 2016."
Vesa Peralla
Founder at CLANED
Investor perspective
"Claned is the next generation of cognitive learning platforms. The team is ex Nokia and highly equipped to understand technological nuances. The traction achieved by Claned coupled with the fact that the platform has a definite adoption potential in emerging markets like India encouraged CBA members to invest in the company."
Mandar Gadkari
Director at CBA India, Cross Border Angels & Investors
Use of funds
- 01Continue product development
- 02Scale operations