Foondamate
OperatingFoondaMate makes education accessible to those who might have no other means of getting study material.
- EdTech
- Cape Town, South Africa
- Seed
- Founded 2020
- foondamate.com ↗
- Total raised
- $2M
- disclosed
- Last round
- $2M
- Seed
- Rounds
- 2
- since 2020
- Investors
- 8
- on record
- Employees
- 2-10
About Foondamate
FoondaMate makes education accessible to those who might have no other means of getting study material. Currently the majority of students in developing countries, and especially Sub-Saharan Africa, do not have access to WiFi. As a result most students cannot download study notes or past papers, and cannot look things up on the internet if they are confused. This problem is exacerbated by the fact that many schools cannot afford printers, let alone cover the cost of printing study material for students. Few schools have enough textbooks to give each student a copy. The good news is most students have access to a smartphone and most cellphone networks allow use of WhatsApp and Facebook Messenger at reduced rates. This means WhatsApp and Messenger Chatbots can help solve these problems.
Foondamate funding2 rounds
All 2 rounds →Foondamate has raised $2M across 2 disclosed rounds. The latest is a $2M Seed announced 24 May 2022, led by LocalGlobe.
Who has invested in Foondamate
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 24 May 2022 | Foondamate Seed | LocalGlobe +7 | $2M |
| 01 Jan 2021 | Foondamate Funding Round | LoftyInc Capital Management | Not disclosed |
Foondamate founders & team
- Tao Laine BoyleCo-Founder
- Dacod MagagulaCo-Founder, CEO/CTO
Foondamate competitorssame sector · similar funding
- CraydelNairobi, Kenya
- Eneza EducationNairobi, Kenya
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Frequently asked about Foondamate
- Where is Foondamate based and when was it founded?
- Foondamate is headquartered in Cape Town, South Africa and was founded in 2020.
- Who founded Foondamate?
- Foondamate was founded by Tao Laine Boyle (Co-Founder) and Dacod Magagula (Co-Founder, CEO/CTO).
- Who is the CEO of Foondamate?
- Dacod Magagula is Foondamate's Co-Founder, CEO/CTO.
- How much funding has Foondamate raised?
- Foondamate has raised $2M across 2 disclosed rounds. Its latest, a $2M Seed, was announced on May 24, 2022.
- Who has invested in Foondamate?
- Backers include XX, Odunayo Eweniyi, Marcus Swanepoel, LoftyInc Capital Management and 4 others.
- What sector is Foondamate in?
- Foondamate operates in EdTech and ELearning.
