Founder One, a venture capital investment fund that supports early-stage technology-focused impact entrepreneurs who produce solutions to make the world more livable, has invested over $2 million in WEXT, an education technology startup that develops solutions to make English learning accessible and successful for individuals.
Founder One, which invests at the idea and seed stage in startups that will have a sustainable positive impact on society or the environment and have measurable impact goals, invested in education technology startup WEXT at a valuation of $2 million.
“We are happy to be the first investor of the venture”
Ali Sahin, Founder One Investment Committee Member and General Manager, said that they are very happy to be the first investor of Founder One’s educational technology startup WEXT.
“As the Turkish Entrepreneurship Foundation and the Turkish Informatics Foundation, Maxis Venture Capital Portfolio Management has broken new ground in Turkiye and started investing in early-stage ventures that we have established exclusively for impact investments. We will continue to be lifeline with our investments in early-stage impact startups in the next period.”
Ali Uzunyolcu, Founding Partner and CEO of WEXT,
“We are pleased to have received our first investment from Founder One, a new generation impact fund established by Turkiye’s leading institutions and visionary investors, whose mission is to create social benefit. This important financial support will accelerate our projects that we plan to implement in the field of educational technologies. By combining proven methodologies with the latest technologies, thanks to content, academic and brand collaborations with international and local academics, as well as with the world’s leading universities and institutions such as Oxford University Press and Harper Collins Publishers, we offer a personalized, effective and innovative English learning experience to K12, universities and corporate companies.
As the WEXT team, our goal is to develop high-quality language learning solutions in the field of educational technologies, to make language education and learning more accessible to individuals of all ages, and to become one of the most important and respected educational technology companies in the world.”
What is WEXT?
WEXT, an educational technology startup that develops technologies to make English language learning accessible and successful for individuals, also offers personalized programs created with the support of artificial intelligence according to the personal performance and competencies of the users.
Source: Egirisim / Prepared by Irem Yildiz