TEDU, a Miami-based education-technology startup, is on a mission to transform the infrastructure that supports higher education students. The company unifies university-provided services (such as tutoring, academic coaching and supplemental support programs) into a single data-driven platform, leveraging real-time analytics to address student challenges and streamline academic support program management, and significantly reducing operational costs.
Today, TEDU announced it has raised a Seed-1 funding round, securing $2 million. That would bring TEDU’s total funding to about $5.6 million.
The Seed-1 round was led by Cofounders Capital, an early-stage seed fund focused on B2B software ventures in the Southeast United States, and included participation from Greenwood Cavalier and angel investors.
“We are thrilled to embark on this partnership with Cofounders Capital, Greenwood Cavalier, and others,” said TEDU CEO Nicolo Bates, who co-founded the company with Dmitry Osetrov. “Their extensive knowledge and experience in the B2B SaaS and education sectors will propel us forward, refining our strategies and accelerating our growth trajectory. This partnership represents a pivotal step in our journey, and we are eager to fully leverage this collaboration to reach our fullest potential,” continued Bates [pictured above], a University of Miami alum, in a statement.
Since TEDU launched and signed its first partnership in 2021 with the U.S.-based International Center for Supplemental Instruction, a consortium working with more than 1,500 universities, TEDU has been continuing to partner with universities across North America to leverage its innovative platform. By providing tailored support, TEDU tackles the critical issue of learning loss, especially among students from underrepresented backgrounds, and ensures these students stay on track, significantly increasing their chances of social and economic mobility.
The capital infusion will be used to enhance the company’s sales efforts, drive strategic marketing initiatives, and further develop its proprietary technology to expand product offerings, the company said.
“In the evolving landscape of higher education, Academic Support stands out as the next substantial growth opportunity,” said Cofounders Capital founding partner David Gardner. “We’ve long recognized the untapped potential and need for a solution, and we are excited to invest in an impressive tailor-made platform for higher education institutions that is scaling rapidly.”
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