Australian-based global EdTech fund Five Sigma has completed a USD $7 million (AUD $10.5 million) capital raise for leading education AI provider Uolo.

The investment will fast-track the rollout of Uolo’s AI-driven learning tools across India’s rapidly expanding education sector, further strengthening its position as the country’s largest education AI platform.

Uolo’s AI-driven learning programs empower schools across India to nurture future-ready students by bringing the world’s best learning experiences into classrooms and homes.

Uolo’s innovative solutions have already been adopted by more than 19,000 schools in India supporting over 150,000 teachers and eight million students across the nation.  

The new investment will accelerate the rollout of Uolo’s AI-powered learning ecosystem to deepen engagement, improve student motivation, and drive better outcomes, both in school and at home.

The capital will help the company advance and develop its GenAI-based learning companions and reach tens of millions of new students. Existing investors Blume, Morphosis, and Alicorn also participated in the funding round.  

Peter Mobbs, Managing Partner at Five Sigma said, “As a global EdTech investor focused on the future of learning and work, we believe the opportunity for AI technology in the education sector is immense,”

“We’re proud to have led this funding round and to continue backing Uolo as the company realises its ambitious expansion plans in one of the world’s fastest growing markets.” said Mobbs

“With almost 250 million students and 1.5 million schools across India¹, this funding will accelerate Uolo’s expansion in what is increasingly becoming an education-obsessed nation and help Uolo deliver its life-changing AI-powered learning tools to millions more students.” 

“Uolo’s deep school relationships, world-leading technology and smart business model provide a clear path for growth,”

“This funding will boost the company in its efforts to build AI technology that becomes part of the daily learning experience for students, helping to deliver a meaningful, long-lasting impact in the lives of millions of students.” he said.

Pallav Pandey, CEO of Uolo said, “Uolo’s vision is to make education affordable, accessible and effective for every student in India,”

“This new funding will help Uolo partner with more schools across India to make learning more engaging and address a core challenge for teachers today: maintaining adherence and consistency once students leave the classroom,”

“We believe AI works best not as a separate experience, but as a companion to school education, helping students sustain habits and motivation beyond classroom hours. Uolo’s AI-powered solutions can extend a school’s support structure into the home, helping to improve student outcomes.” said Pandey,

The Five Sigma team comprises experienced operators, investors, and entrepreneurs with a shared passion for innovations in learning and work.

Partners include Peter Mobbs (a three-time exited founder with over 20 years’ education industry experience), Andrew Barnes (Co-founder of double-unicorn Go1, a HR SaaS company) and Harvard Business School Professor Boris Groysberg (tenured faculty at Harvard Business School)