Kunerango, an Italian edtech startup that builds a SaaS platform for teachers to create online courses raised a €100k ($129k) Seed Round from H-FARM Ventures.
H-FARM previously invested €30k in Kunerango during its participation in the fund’s accelerator program H-CAMP in 2013.
Kunerango offers teachers, tutors and other instructors a platform they can brand with their own logo and design, upload course material and charge students.
Kunerango is part of an emerging group of startups that position themselves as Udemy alternatives. These startups try to grow their own instructor base through conversion of instructors who are not content with recent changes in Udemy’s revenue share model and other restrictions related to using the platform.
Instructors can create their courses for free. In the case they sell a course, Kunerango takes $7 per course registration + 4% of the course price.
Concepts like this have been tried in the past and are very hard to execute on. Gaining critical mass of tutors (content creators) and students (clients) on such a marketplace / platform model and then to strike a balance usually proves to be very difficult. Udemy executed fairly well on this chicken and egg problem and managed to create a viable ecosystem centered around the tech / design vertical.
But Udemy is clearly the outlier in the space, other startups like Sclipo, Supercool School, Sparkeo, eduFire etc all failed, with and without venture backing.
- Kunerango raises 100k | FinSMEs
- Kunerango Is An Edtech SaaS Toolset For Individuals To Sell Online Courses | TechCrunch