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Security Type
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SAFE
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Categories
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Other
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Min Investment
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$50
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Offering Date
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January 29, 2019
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Expected Close Date
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May 01, 2019
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Target Raise
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$25.00K-$1.07M
Key Deal Facts
Connecting over 320,000 students from over 7,000 schools in 150 countries
78 paying schools and districts (average deal size = $1,770 / year)
Named Best Education Technology of 2017 by Common Sense Education
Recognized by President Obama as a leading social enterprise
Led by an experienced entrepreneur whose previous company generates $5M annual revenue
Partnered with leading publishers including Time Inc, Via Afrika, and Films BYkids
$1.25M raised to date from Stanford, Floodgate, Techstars, Capital Factory, Dreamit, Honeycomb Portfolio and more
Use of Proceeds
Intermediary Fees: 6%
Software and Curriculum Development: 30%
Marketing: 20%
Sales/Business Development: 17%
Customer Support: 10%
Curriculum Development: 7%
General Operations: 10%
Perks
$1,000 - Sponsor a school! Includes unlimited free access for a school of your choice for an entire year! During teacher training we will publicly thank you for your sponsorship (unless you prefer to remain anonymous).
$2,000 - Sponsor two schools!
$5,000 - Sponsor five schools!
$10,000 - Sponsor ten schools!
Management Team / Advisory Board Bios
Joe Troyen
Founder & CEO
Joe is a proven entrepreneur whose prior venture (Healthtech) now generates over $5M in annual revenue. He has 10 years of experience leading teams to create software in investment banking, healthcare, retail, and education.
Miguel Vazquez
Co-Founder & CTO
Miguel is a highly skilled full stack developer. Prior to PenPal Schools, he owned a development agency where he led a team of 4 software engineers. He also helped a startup develop a video streaming system which currently holds a patent.
Mark Danforth
Co-Founder & Chief Learning Officer
Mark spent six years in public education where he served students and families in Oakland, California as a classroom teacher, instructional coach, and school leader. Mark holds a Master’s in Education from the University of San Francisco.
Jessica Altounian
Community Manager
Jessica is a community developer and educator with prior experience as a special education teacher in New York City. Jessica holds a Master’s in Education from Long Island University in Brooklyn, specializing in adolescents with special needs.
Frank Gonzalez
Software Engineer
Frank is a seasoned full stack developer and current front end engineer. He is also a lead Engineering Instructor and curriculum developer at Hello World, an organization that teaches 3rd-12th grade students web development, game design, and CS.
Maggie Brown
Senior Account Manager
Prior to PenPal Schools, Maggie worked for two different startups focusing on the intersections of social impact, sustainable solutions and global connections. She has 5 years of sales experience as well as roles in program and project management.
Josh Baer
Advisor
Founder & Executive Director of the Capital Factory
Charles Thornburgh
Advisor
Founder & CEO of Civitas Learning
Justin Siegel
Advisor
Founder & CEO of MocoSpace
Azita Ardakani
Advisor & Director
Founding Parter of Honeycomb Portfolio
