Edtech, AI startup Chunkx secures seed funding from impact-driven venture capital fund LUMO Labs
Press release February 24, 2022
Eindhoven, Netherlands – Learning used to be viewed as static, verified by a diploma or certificate. But today’s fast-paced, complex and ever-changing world requires continuous learning. LUMO Labs, through its investment fund LUMO Fund II, is investing an undisclosed amount in chunkx, a Dutch/German startup that’s using artificial intelligence to make learning more relevant and effective in the digital era.
Chunkx is an AI-enhanced micro-learning application that creates a curated and personalized learning experience by selecting content adaptively. The platform selects learning nuggets based on each user’s needs and can create new content automatically to ensure continuous development.
Founder and CEO Florian Stieler envisions a world in which every person with smart devices is empowered by Chunkx technology to connect the dots of their countless learning experiences, create their individual lifelong learning feed and continuously develop in a constantly changing world.
Chunkx is aimed at business as well as at educational institutions, including universities. The National Anti-Doping Agency Germany is one of the first clients on board. Chunkx allows them to turn their traditional e-learning course into an adaptive learning experience. After only three months, more than 6,000 athletes in Germany are following their academy, with around 50,000 expected to follow by 2023.
“We strongly believe that learning is a continuous process which does not stop with the end of a lecture or with the last page of an eLearning course,” said Stieler. “With Chunkx, we allow every user to continue their learning journeys. LUMO Labs is the perfect partner for us; a partner who shares our vision, who brings in a strong tech focus and who supports us at the internationalization of our business.”
“The scalable and accessible nature of the Chunkx platform offers equal access to continuous education for people around the world, and the innovative personal targeting and design of the content ensures relevance and quality of each person’s learning path,” said Andy Lürling, LUMO Labs founding partner.
“We see great potential in Chunkx’ approach to learning and development.”
Lürling and co-founder Sven Bakkes said LUMO Labs is investing because Chunkx has a business plan based on sustained engagement and connectivity. People can’t immediately transfer everything they have learned into everyday work. With Chunkx, each learning measure can be extended to ensure the knowledge transfer.
With the touch of a button, the most suitable microlearning unit is selected from all subscribed topics and based on individual learning history. Just as LinkedIn or Twitter connect us to any number of sources, Chunkx connects users to learning topics, making it possible to learn even when time is at a premium.
“The technology as well as the impact goals of Chunkx sit at the very core of our investment strategy,” said Bakkes. “We are very happy to welcome this incredibly promising edtech team into our portfolio.”
LUMO Labs’ investment will allow Chunkx to continue groundbreaking work in AI-based educational content generation and to prepare Chunkx for further growth as a business for sustainable impact, he added.
Portfolio profile Chunkx