FoondaMate, with the slogan "Building tools to enable 300M+ students with poor internet access and low quality phones to use the internet to study," is a startup that focuses on providing solutions for students with limited internet access. The company, founded in 2020 and headquartered in the United States, operates in the Education industry.
The startup has gained momentum with a recent $2.00M Seed Round investment on 24 May 2022. The investment was backed by notable investors including LocalGlobe & Latitude, LoftyInc Alpha Fund, Emerge Education, XX by Wefunder, Odunayo Eweniyi, Marcus Swanepoel, Iyinoluwa Aboyeji, Isaac Oates.
FoondaMate's mission is to empower the 300M+ students who are currently unable to access the internet for educational purposes. They achieve this through the development of chatbots that bring internet resources to popular messaging applications such as WhatsApp and Facebook Messenger. Currently, over 800k+ students utilize FoondaMate's services, leveraging the platform to seek assistance with homework and test preparation.
Overall, FoondaMate's innovative approach to addressing the challenges faced by students with limited internet access presents a compelling investment opportunity, especially considering the notable backing from respected investors in the recent funding round.
