The Australia-based edtech startup has raised the funding in a round led by Nordic edtech venture capital company Sparkmind.
Its new investment will also help to further consolidate Vygo’s “already-established presence in the Asia Pacific market”, the Saas platform added.
“The Vygo platform gives every learner a social education community filled with their peers, mentors, tutors, advisors and other supporters,” Ben Hallett, Vygo CEO & co-founder, said.
Using the platform, students can connect with the people they need, whenever and wherever they need, the company added, while educators can organise, digitise and optimise their student support services.
“At Vygo, we believe that every human deserves a world-class education and that social experience is at the core of impactful learning,” Hallett said.
Education institutions are able to “reinvent their social support ecosystem online and ultimately improve their student outcomes whilst scaling their impact” with Vygo, he continued.
“Being 100% edtech focused Sparkmind.vc is an ideal partner for us and we look forward to continuing our journey and mission together,” Hallett added.
Sparkmind.vc partner Kai Talas said that “creating a sense of belonging and engagement are critical factors for better student wellbeing, learning outcomes and lower dropout rates”.
“We see this as a critical element of the student experience”
“Enabling targeted support and network building, Vygo’s platform allows universities to offer exactly this, at scale,” he noted.
“We see this as a critical element of the student experience and believe it will be one of the key success drivers for universities going ahead.
“On top of the deeply meaningful offering and the global market opportunity, we are also very impressed by the highly capable team and the momentum the company has generated.”
Super Charger Ventures, Australian Catholic University and FFF as well as other undisclosed institutional and private investors, also joined the funding round.