Sequoia Eyes First India Deal with Vance, a Cross-Border Payments Startup
Sequoia is set to make its first investment in India and the Asia Pacific region since its split with former partners, backing Vance, a Bengaluru-based fintech startup.
Max Carter
Nir Zicherman and Michael Mignano, the co-founders who sold their previous startup Anchor to Spotify, are back with a new venture: Oboe, an AI-powered educational platform that aims to democratize access to learning. Backed by a $4 million seed investment, Oboe seeks to revolutionize the way people learn by providing a user-friendly interface that combines AI technology, audio, and video to create personalized "active learning journeys."
The startup's mission is ambitious: to make humanity smarter by providing access to high-quality educational content across various formats, including audio, video, and native applications. Oboe's AI-powered tools will optimize curriculum development and personalize learning experiences for individual users. The platform will initially target learners outside of the K-12 demographic, but plans to expand to include K-12 and higher education in the future.
The seed round was led by Eniac Ventures, with participation from a range of notable investors, including Haystack, Factorial Capital, Homebrew, Offline Ventures, and prominent angel investors.
Sequoia is set to make its first investment in India and the Asia Pacific region since its split with former partners, backing Vance, a Bengaluru-based fintech startup.
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