Edtech Startup Filo Garners $23 Million in Round led by Anthos Capital
Better Capital, GSV, Sapling Capital, and a slew of well-known individual investors, including Gokul Rajaram, Rob Frohwein (cofounder Kabbage), Mate Pencz and Florian Hagenbuch (founders of Loft), and Ross Lipson, all participated in the round (cofounder, Dutchie).
The edtech business intends to use the new funds to expand its product development team, expand into new categories, and extend its tutor base across the country.
Shadman Anwer, Imbesat Ahmad, and Rohit Kumar founded Filo, which claims to have over 1.5 million downloads and 350,000 monthly active users. Over 200,000 tutors will be onboarded in the next 12 months, and 2 million live classes will be conducted every day.
Filo's cofounder and CEO, Imbesat Ahmad, stated, “This round of funding will give exponential pace to an already hyper-growth trajectory of Filo and help us scale the tech and innovation opportunities. We are glad our investors share a similar vision for Filo as our leadership team. The combined strategic synergies will help us realize our mission to make the concept of ‘instant live tutoring’ a success worldwide.”
Better Capital had previously funded the firm with a pre-seed investment at the idea stage and a $2 million seed round in September 2021.
Anthos Capital's Annie Luchsinger stated, “We are excited about Filo because of their unique value proposition to students that has resulted in rapid traction and outstanding customer advocacy. Their ability to effectively and seamlessly match teachers and students in a matter of seconds we believe to be unmatched in the market today and is a use case that can extend globally. We're thrilled to partner with Imbesat and the Filo team.”