EdTech company INTCAS secures £2m series A funding
EdTech platform INTCAS has received seven-figure backing in a series A funding round.
The Croydon-based business will use the £2m investment to grow its development team, as it looks to build its portfolio of products and services for international students and institutions.
INTCAS enables schools, colleges and universities around the world to work collaboratively within a single system to attract, recruit and manage international students.
Zakaria-Saqib Mahmood, chief exec of INTCAS, said: “We’re delighted to have reached this significant milestone in INTCAS’ journey.
“It started years ago, with me visiting nearly 30 different countries in Africa, Asia and Latin America over three years.”
He added: “To have grown from that initial seed of an idea to the team and platform we have today, is something really special.”
INTCAS is based at Sussex Innovation Croydon, which is owned by the University of Sussex.
Sussex Innovation executive director Mike Herd commented: “INTCAS is a fine example of the type of business we love to support.
“They’re solving a real problem in a new way, and have the drive to tackle the challenge globally. This ambition, combined with the social values of the business, are creating real economic growth and jobs for Croydon. We congratulate them on this round of investment and look forward to watching their continued success.”
INTCAS confirmed that the series A round, which drew contributions from multiple investors, will be followed by larger series B and C rounds shortly.
Law firm Eversheds Sutherland and German financial services giant Deutsche Bank advising the INTCAS board.