Test the Waters
Foondamate

Foondamate

Giving internet access to students in developing countries

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Security Type
SAFE
Min Investment
$100
Location
San Francisco, CA
Offering Date
May 25, 2021
Expected Close Date
August 23, 2021
Target Raise
$100.00K

Company Description

Students can use FoondaMate to search, define, solve basic math equations and download relevant question sets. 

Key Deal Facts

100k Users in the 8 months since launch
Used in 10+ countries, and scaling quickly
Featured in TrendWatching's list of most impactful innovations for 2021
Participated in Cohort 4 of Wefunder's XX Accelerator ($50k investment)
High social impact value - enable students from developing countries to study online
Diverse founding team (female founder, black founder)

Use of Proceeds

  • Grow FoondaMate to a team of 8, including 2 engineers, 2 customer support staff, 1 sales rep and the two founders.
  • We will also begin spending money on paid marketing, working to acquire even more users.

Management Team / Advisory Board Bios

Dacod Magaula, CEO at FoondaMate
Dacod has 5+ years software engineering experience, having built online stores for companies like Timberland and TruDiamonds. He studied Computer Science and Information Systems at the University of Cape Town.

Tao Laine Boyle, COO at FoondaMate
Tao has 4+ years experience tutoring students. She holds an Honours degree in Economics from the University of Cape Town. She worked in research and data analysis while completing her degrees. 2020 Transcend Fellow & Inspiring 50 South Africa winner.
Amount Raised : $0
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Security Description

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