BenchK12

Build the future of work for educators today

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Security Type
CAFES
Categories
Technology, Other
Min Investment
$100
Location
Minneapolis, MN
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.00M
No. Investors
69
Security Price
$1
Website
benchk12.com
Number of Employees
1
Cash
$2,272
Revenue
$29,750
Short Term Debt
$31,773
Cost of Goods
$0
Long Term Debt
$151,454
Net Income
$-148,854

Key Deal Facts

💥 Six states on our waitlist to pilot our solution
💪 World-class team with multiple exits and decades of combined experience in K12 and tech
💰 Positioned to disrupt the explosive education technology industry—$75B spent in the US in 2020
🏆 Awarded Top Women-Founded Startup Company and Top 3 Education Startup in Minnesota
🔥 Finished in the top 10% of YCombinator’s Startup School
💸 Recent winner of P2B Pitch competition & investment from FBomb Angels
🎯 Saves schools an estimated 60%+ on current teacher credentialing, placement, and onboarding costs

Management Team / Advisory Board Bios

Brooke Barrett Founder & PresidentRaised $20M+ in previous ventures. Brooke started her career as a substitute teacher and, 20 years and two-ish advanced degrees later, she has served as a trusted advisor and partner to K12 organizations via her consulting firm, Edutelligentsia., Neeraj Saran Srivastava Interim VP, TechnologyRecently exited founder and CTO, DLT Labs and the inventor of enterprise blockchain. Member of the Forbes Technology Council and IBM's blockchain advisory board., Sandy Maynard VP, ExperienceRetired Executive Director, Enterprise Systems, San Francisco Unified Public Schools with over a decade of experience as a K12 Chief Technology Officer. Leading BenchK12’s experience team to ensure we exceed expectations for our education partners., Jennifer MacDonald VP, BrandTrusted leader with 15+ years in creative and strategic comms fields. A decade of agency experience supporting tech, education, nonprofit and gov't clients. Leading BenchK12’s brand including strategic communications, marketing, and visual identity., Yanique Taylor Director, EngagementEngaged a multi-sector set of partners to help students achieve a 72% graduation rate as the executive director, Communities in Schools PLCs. Government consultant who led Jamaica's successful national ID rollout and community engagement., Larissa McCartney Director, DesignLarissa is an artist and designer with a decade of experience ranging from brand identity and digital design to event branding and experiential activations. From small shops to Fortune 500 companies, she knows how to deliver smart design direction., Mike Baur Strategic AdvisorCurrently leads Amazon Web Service's EdTech Strategy and lead investor for BenchK12’s WeFunder community round. Nearly two decades of experience in K12 and Higher Education in edtech sales, product development, and coalition-building., Ed Comer Technical AdvisorOver a decade of experience in education data infrastructure and visualizations. Architect for the Ed-Fi technologies and real-time API, Relationships and experience working with over a dozen State Education Agencies (SEAs)., Lyria Gonzalez-Zeh Technical AdvisorA decade in the public and private sectors leading K12 technology, operations, and finance initiatives. Lead program officer at the Michael and Susan Dell Foundation supporting the Teacher Preparation Data Model for the Ed-Fi Data Standard., Michael Goar Strategic AdvisorFormer K12 Urban Superintendent, CEO, and COO In Boston, Minneapolis, and Memphis public schools. Extensive experience sourcing and implementing HCRM and ERP solutions in the K12 sector., Natalie Gil Technical AdvisorGlobal CTO, entrepreneur, and industry advisor with AWS on Web3 and distributed ledger technologies. MIT Sloan Fellow and Board Member, Latinas in Computing.
Amount Raised : $75,294
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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