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Ednovation
Ednovation is a pioneer in educational technology, being the first to develop and introduced computer-based learning in pre-schools
About Ednovation
Established in 1991, Ednovation has solidified its position as an early adopter and developer of educational technology within Singapore's pre-school sector. The company was founded by Dr. Richard Yen, who holds a Ph.D. in Electrical Engineering from the University of California, Berkeley, and has a background that includes research and development at establishments like Bell Labs and General Electric. This technical expertise has been a foundational element in the company's approach to integrating technology with early childhood education. Dr. Yen’s journey reflects a commitment to leveraging technology to enhance learning outcomes for young children, a vision that has propelled the company for over three decades.
Ednovation's business model is multifaceted, primarily revolving around the direct management and operation of a substantial network of pre-schools. The company operates more than 90 establishments across Singapore, other ASEAN countries, and China, under its proprietary brands, ChildFirst Pre-school and Cambridge Pre-school. These institutions cater to parents seeking a structured and technologically enriched early education for their children. Beyond its own schools, Ednovation extends its reach by licensing its proprietary EdnoLand eCurriculum to hundreds of partner pre-schools. This B2B approach allows the company to scale its educational framework and generate revenue through licensing and partnership agreements.
The core offering, the EdnoLand eCurriculum, is a comprehensive digital learning platform designed for pre-school children. It aims to develop future-ready skills by focusing on areas such as creative thinking, problem-solving, and collaboration. The curriculum integrates technology directly into the learning process, providing interactive and engaging content that complements traditional teaching methods. This focus on a technology-driven curriculum serves as a key differentiator in the competitive early childhood education market. The business sustains itself through a combination of school fees from its directly operated pre-schools and licensing fees for its eCurriculum from partner institutions, creating a diversified and robust revenue stream.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jun 2013 | $15M | $59M | Tembusu Partners | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Ednovation is 650 monthly website visits, up 3.2% over the last three months. Ednovation's team grew 0% over the past year.
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Investors
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Series B and later1 investor entered at this stage
Tembusu Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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