StudyFree, a San Francisco-based EdTech startup, which connects students with international educational opportunities via a community-driven B2C SaaS model, raised a $3 million seed investment round led by I2BF Global Ventures, TMT Investments, and Techstars.
Also participating was PandaDoc CEO Mikita Mikado and Google’s ex-director of product, Andrey Doronichev. StudyFree has now received a total of $3.6 million in funding.
The new funds will be used to attract new members to the community, expand into new markets, marketing, and platform development.
Company: StudyFree Inc.
Round: Seed Round
Funding Month: December 2021
Lead Investors: I2BF Global Ventures, TMT Investments, and Techstars
Additional Investors: Mikita Mikado and Doronichev
Company Website: https://studyfree.com/
Software Category: online educational platform
About the Company: Founded in November 2018, StudyFree, an edTech startup that allows talented students around the world to get successfully admitted to study abroad programs and helps to get financing through scholarships and grants. Through an extensive network of partner organizations and ambassadors with similar values, we are creating a whole ecosystem to connect students to international opportunities worldwide. StudyFree helps students and alumni to enroll in universities and graduate schools internationally, by listing scholarships and grants. It claims that international students using its platform have now received scholarships and grants worth $10.3 million to study in universities across the U.S., Canada, Europe, and Asia. It offers more than 300,000 programs for various degrees with scholarships, with a user base of 90,000 students.