Edusuite secures US$235K funding to help schools optimise performance
By Digital News Asia July 30, 2019
- Has seven schools in its portfolio, including Ateneo High School, CIIT College
- Uses AI to predict administrative needs and make recommendations
EDUSUITE, a two-year-old DOST-funded Philippine-based technology startup founded by school administrators and technology consultants, met its angel investment target of US$235,086 (Php 12 million, RM968,470) after six months of fundraising, bringing its valuation to US$1.33 million (Php 68 million, RM5.49 million).
Among the participants in the funding round include seasoned angel investors from the Manila Angel Investors Network (MAIN) and two of Edusuite’s clients: Batangas Eastern Colleges (BEC) and Sumulong College of Arts and Sciences.
“I invested in Edusuite because I saw that the company solves real problems for schools, especially in increasing revenue. I did not see others in this space doing so,” said Jay Chan from MAIN.
“In addition, the management has a proven track record of executing on time and on budget, and a reputation for integrity.”
Edusuite’s software was launched commercially last year and already has seven schools in its client portfolio, including Ateneo High School and CIIT College. It uses artificial intelligence to predict administrative needs and make recommendations to school administrators.
For example, it can predict the demand for each subject a college will offer in the following school term, so that the school can open the exact number of sections and hire the right number of faculty, drastically improving the profitability of the school. The system also meets global standards in data privacy and security.
“It’s aligned with our school’s thrust of blending education with technology to be globally competitive,” says Euneil Castillo, school administrator of BEC.
“Edusuite can match the needs of a growing institution like ours, so we saw us growing together with many mutual opportunities.”
Edusuite was founded by Niel Dagondon, chief executive officer, and Calen Legaspi, chief technology officer.
Dagondon is a four-time serial entrepreneur, with an exit from Anino Games, at the time the largest game development firm in the Philippines.
Legaspi is co-founder and chief executive officer of Orange and Bronze Software Labs, a technology consulting firm that has implemented projects for Philippine telcos and banks, as well as for technology companies in eleven other countries.
Myka Sumulong, a director of Sumulong College, says, “When I met Niel during their demo at our campus, I saw his clear vision and dedication to modernise the Philippine education sector.”