Illumnus

Illumnus

Chat-based learning experience platform for K12 educational institutes

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Security Type
Crowd Note
Categories
Education
Min Investment
$100
Location
Dover, DE
Offering Date
February 22, 2021
Expected Close Date
July 24, 2021
Target Raise
$25.00K-$107.00K
Deal Notes

Discount: 0%

Company Description

Vision Expanding to 7k+ schools in 60 monthsWith your help, illumnus will improve the product to a level where we can call ourselves the Salesforce/Google of B2B education. We'll be able to scale rapidly with a focus on North America, Europe, and the Middle East.  We plan to have 7K+ schools using illumnus in the next 60 months which shall take our ARR to ~$1B.Also, subscription-based revenue is only the enabler of the game. Once all the participants in thousands of schools across the world start using illumnus, there shall arise multiple opportunities for cross-selling and upselling.

Key Deal Facts

Chat-based digital platform for a truly collaborative learning experience
$15B+ combined TAM in target geographies
6K+ users and 24 clients onboarded in the first 3 months
Clients in India, United Arab Emirates, and United Kingdom
ARR of $20K and a promising pipeline of $200K

Management Team / Advisory Board Bios

Akash Deep Singhal
Founder & CEO

Akshaya Singhal
Chief Product Manager

Gauri Dehankar
Chief of Strategic Partnerships

Hrishikesh Kulkarni
Head of Growth & Investments

Deal Notes

Discount: 0%

Amount Raised : $29,124
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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