IU Angel Network invests in global edtech company
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The Indiana University Angel Network has invested $95,000 in Texas-based TrueLeap Inc., a global education technology solutions company.
Sunny Zhang, TrueLeap founder and IU Kelley School of Business alumna, created the platform when she became fed up while teaching with what she called outdated and expensive educational systems. TrueLeap is a platform meant for schools with limited resources in emerging markets and focuses on usability, affordability and intelligence, IU said.
“True Leap is narrowing the digital divide by increasing access to quality educational resources for students and providing essential tools for teachers and administrators through their platform, which was built to perform in environments with limited digital infrastructure,” Kate Evinger, associate director of the IU Angel Network, said in a news release. “We believe that True Leap is shaping the global future of learning, and we’re excited to be a part of their journey.”
The funding, which stems from an investment arm of IU Ventures, will allow the company to grow across Africa and Southeast Asia. TrueLeap can now also add new features and enhance its learning and content management systems. Zhang said in the release this funding is “foundational.”
“Our collaboration began during the pandemic from our startup studio, Born Global Ventures,” she said in the release. “We have synergistic missions to make a global impact through the IU network.”
The company has offered its software to school systems in India and celebrated the inauguration of its first technology labs in the Democratic Republic of Congo.