Komodo, a student welfare platform based in New Zealand, has recently secured about $1.26 million ($1.8 million NZD) in a seed funding round directed by Folklore Ventures, along with contribution from Flying Fox Ventures and Icehouse Ventures.
Individual investors in the funding round included Culture Amp's direction of people science, Chloe Hamman; Rod Hamilton - the co-founder of Culture Amp; leaders from learning platform, Education Perfect; and Kristi Grant - the director of people experience at Auror.
Sources state that Komodo will use the latest funding to strengthen its in-house team of psychologists, develop the platform, and expand reach to more schools in New Zealand and Australia before moving to other markets, such as the United States.
Founded by Jack Wood, Matt Goodson, and Chris Bacon in 2018, Komodo was built to track and monitor the health of young athletes. However, since many of its clients were schools, Komodo's team decided to broaden its scope.
Commenting on the funding, Mr. Wood said Komodo saw particular cases that drew the firm’s attention. It had schools approach them saying that that have a kid who've been bullied for three months and haven't been confident enough to approach a staff member and start talking about it. With Komodo, they're relieved to have a private mechanism to express their concern.
Furthermore, most students use Komodo's web application and mobile app. Schools may tailor the platform, which includes psychologist-designed assessments and questions about how children feel about going to school, relationships, socialization and important transitions like starting high school or preparing for university.
The duration students stay at Komodo is controlled by their school. For example, some people go once a week, while others go every two weeks or once a month. In addition, schools use the platform differently depending on their needs; for example, if they're learning remotely, they might check in more frequently.