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Edtech startup IMAX Program raises $13.5M from MSDF, LGT Impact and Aspada

IMAX Program will use this funding to further invest in product innovation and geographical expansion. Edtech startup IMAX Program has announced that it has raised $13.5 million in its latest round of funding. The investment was advised by LGT Impact, the impact investment team of LGT. The round also saw participation from the Michael & Susan Dell Foundation (MSDF), and Aspada, an existing investor in the company. The IMAX Program includes textbooks, workbooks, school exams, feedback reports and individualised remedial worksheets along with teacher manuals and teacher training modules. The uniqueness of the programme is in using the regular school exam data to provide individualised remedial worksheets. To ensure smooth integration with schools, the technology platform works at the backend to deliver exams, reports and remedial worksheets in print. The exam-remediation loop ensures that the key learning gaps are identified and bridged, thereby maximising learning....