Uolo, an edtech platform, has raised $22.5 million in a Series A funding round led by UAE-based venture capital firm Winter Capital. Existing investors Blume Ventures and the new Dubai-based fund Morphosis Venture Capital participated in the funding round.

Prior to this round, the company raised Rs 20 crore in seed funding led by Blume Ventures in November 2020.

Uolo, which was founded in 2013, works with private schools to help them develop online capabilities. It offers low-cost programmes that are aligned with school curricula.

The Gurugram-based firm offers an open architecture platform that enables third-party education publishers and content creators to create physical learning programmes for K-12 schools and students. These programmes typically include a book that the teacher uses in class as well as digital activities for students to complete at home.

According to the company, it has partnered with over 8,500 schools in India and currently reaches over 3.7 million students. It provides coding and English speaking training programmes. It intends to launch more STEAM-related programmes in the coming months.

Winter Capital manages nearly $1.4 billion in assets across three funds. It invests in growth equity in four industries: finance, healthcare, education, and consumer services.

With the re-opening of schools and colleges in 2022, India’s edtech sector will be shaken. However, companies in the B2B edtech space were able to attract significant investor interest.

For example, in July, GSV Ventures led a $7.5 million Series A funding round for B2B edtech startup AntWalk. In addition, Classplus, which provides a platform for educators to launch online courses, raised $70 million in March.

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