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Jackett seed funding
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Kindrik Partners advised edtech startup Jackett on its US$1 million seed funding round led by Forge Ventures. Entrepreneur First, Epic Angels Network, Carousell co-founder Siu Rui Quek, and OnLoop co-founder Projjal Ghatak also participated.
Charlotte Trudgill and Rachiket Arya started Jackett after realising that technology could enhance the teaching process, reduce the administrative burden on teachers, and create a more personalised experience for students. Jackett lets teachers scan and digitise questions, create personalised assessments using the platform’s library, and auto-grade students’ answers using AI. It also uses smart analytics to provide a deeper understanding of student performance over time.
Jackett plans to use the capital to improve its operating system and make its platform available to more teachers and education institutions in emerging markets.
Partner Chris Wilson says:
“Jackett has gone from strength to strength in its short history and this early involvement from prominent investors shows they have great potential going forward. We look forward to seeing them continue to help teachers deliver the best possible education to their students.”
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Kindrik Partners advised VC firm Illuminate Financial on its investment in Singapore-based AI-driven data processing and automation company bluesheets. Illuminate led the US$6.5 million series A round. Other returning investors included Insignia Ventures Partners, Antler Elevate, and 1982 Ventures.
Illuminate invests in B2B fintech and enterprise software companies that build solutions for the financial services industry. Backed by global financial institutions such as Citi, JP Morgan, Barclays, Jefferies, Singapore Exchange Group, and BNY Mellon, Illuminate uses its extensive network and industry knowledge to help their portfolio companies achieve their full potential in addition to providing capital.
bluesheets offers AI-driven data processing and workflow automation software that helps businesses digitise and automate their bookkeeping processes. It plans to use the funds to further enhance its AI capabilities and accelerate growth in key APAC markets, including Singapore, Thailand, ANZ, and Hong Kong.
We’re happy to have advised Singapore-based synthetic data company Betterdata on an oversubscribed seed round of $1.65 million, led by Investible.
The company was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and allows clients to share data faster and more securely in compliance with stricter data privacy regulations being introduced around the world. Betterdata uses generative AI to convert real data into synthetic data that looks, feels, and behaves like real datasets. These synthetic datasets retain the structure and correlations of the original data while eliminating the privacy and security concerns that come with holding and sharing sensitive data.
Betterdata plans to use the funding to publicly launch its product, hire more staff as the company scales, and improve its technology stack, with the aim of providing support for single-table, multi-table, and time-series datasets. The company also plans to expand across the Asia-Pacific region over the next two years.
