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iXperience, a Cape Town edtech bags a $2.5M Serie A investment


Caleo Private Equity and Kalon Venture Partners, both South African investment firms, have announced the $2.5 million Series A co-investment into iXperience.

iX referred to locally as iXperience, began in 2013 as a study-abroad coding Bootcamp. It is tasked with bridging the gap between academia and practical skills required in the modern-day workspace. Since then the campus has grown into a global campus operating across Tel Aviv, Berlin, Cape Town, and Lisbon. iX recently opened its fifth campus in Hawaii.

Yale University graduates Aaron Fuchs (CEO) and Rafi Khan (the Chief Product Officer) founded the company in 2013. iX boasts of over 2500 alumni alongside several partner institutions and consumers bridging the gap between traditional education and skill companies required in today’s rapidly evolving workforce.

Khan attributed their success to their “sophisticated technology” while Fuch described their mission as “build immersive and transformational learning experiences.”

The continued partnership between iX and educational institutions ensures its direct-to-consumer programmes remain relevant in an ever-changing professional and educational landscape. Among its most coveted partners is Bar Ilan University, WorldStrides, and the University of Virginia.

Source article from ITWeb


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