New Zealand-based edtech startup Komodo bags US$ 1.26 million in Seed funding

Based in Christchurch, Canterbury, New Zealand, Komodo is a well-being edtech platform student. Yesterday, on August 30 2021, it had raised US$ 1.26 million (NZD 1.8 million) in a seed funding round led by Folklore Ventures. The financing bout also saw Icehouse Ventures, Flying Fox, and the angel investor club, including Rod Hamilton (Culture Amp co-founder), Kirsti Grant (Director of People Experience at Auror and Co-founder of HOP), and Chloe Hamman (Director of Product People Science at Culture Amp).

Fund Utilisation

Komodo will utilise the recently acquired capital from seed funding to expand its crew of psychologists in addition to its in-house team. It plans to develop the platform and extend into more schools in Australia and New Zealand before other markets, including the United States.

What the Founders have to say

“The draw for us was witnessing specific examples,” said Jack Wood, co-founder of Komodo. “We had schools coming back to us saying ‘we’ve got a kid that has been bullied for the past three months who hasn’t even remotely felt confident to approach a staff member and start talking about it. We’ve finally seen that come up in Komodo, and they feel happy they have a confidential channel to voice that concern.”

Co-founder of Komoda, Chris Bacon, remarked, “Ultimately, our bigger vision is facilitating and getting well-being support to students as early as possible, about how it’s really important that the individuals you’re providing data to can actually understand and use it on a regular basis.” 

He added, “The crucial part for us [is] to provide visibility and psychologists who can come in and support [school staff] even more.

About Komodo

Established in 2018 by Chris Bacon, Jack Wood and Matt Goodson, Komodo is the complete, wrap-around software and service solution that enables independent schools to build the best well-being strategies, measure their effectiveness and create the best possible environment for students. The three-year-old startup is currently operating to impact the lives of students in the most positive manner with its primary supporters, including ABSA (Australian Boarding Schools Association), ISNZ (Independent Schools of New Zealand) and COBIS (Council of British International Students). It does that by providing schools with the most innovative well-being solutions to drive the best care and support for students to thrive. For more information, visit https://www.komodowellbeing.com/.

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