Octava Impact Investment is a geography-agnostic impact investment fund based in Singapore that invests in start-ups and high-growth companies targeting social issues.
The ed-tech startup said on Monday that the fresh capital will be used to scale its immersive learning content marketplace KQwest across Asia.
ACKTEC’s very own online training marketplace KQwest connects content developers, organisations and users by simplifying learning and certification anywhere in the world.
ACKTEC since it was founded in 2018 has made it its mission to develop in all its students the passion to learn, the confidence to become self-directed, and to micro-learn whenever they forget the concept.
Founded by serial entrepreneur Rayvan Ho, ACKTEC specialises in providing digital learning ecosystems, structuring and digitising learning, and developing content for organisations.
By cutting out the need for costly equipment and catering to the growing population of mobile device users, ACKTEC aims to make immersive learning accessible and affordable for all.
According to the firm, through its immersive learning platform ACKTEC Learn, organisations and institutions can transform their existing L&D content into immersive learning modules utilising technologies such as AR, VR, and interactive 3D while maintaining a mobile-friendly format.
“COVID-19 is changing the way people work and learn. There is a movement worldwide to more blended and digital modes of delivery– but it may be difficult to undertake this process without an understanding of how course content should be restructured, and what technologies and modes of learning are best suited to meet the organisation’s and the consumer’s needs,” Ho, the startup’s CEO said.
“With this funding, we will be able to better support organisations who are looking to digitalise their learning processes, and help them transform and participate in the growing global digital learning ecosystem,” Ho added.
Tan Ying Yong, Director at Octava, expressed support to the ACKTEC Learn platform which already serves over 705,000 active learners across 16 countries through industries as varied as transportation, education, and finance.
“We believe in their ability to scale and reach a global audience,” shared Yong.