Tech Company Financing Transactions
edly Funding Round
edly closed a $175 million financing round on 3/9/2022. Backers included Medalist Partners and Windmuehle Fund.
Transaction Overview
Company Name
Announced On
3/9/2022
Transaction Type
Venture Equity
Amount
$175,000,000
Round
Undisclosed
Investors
Medalist Partners (James Regan)
Windmuehle Fund (Robert Lee)
Proceeds Purpose
The financing facilities announced today will be used to fund IBR loans to students across the US. In addition, the two investment firms have made direct investments in Edly Inc.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
555 Pleasantville Rd. N202
Briarcliff Manor, NY 10510
USA
Briarcliff Manor, NY 10510
USA
Phone
Website
Email Address
Overview
edly is an online marketplace connecting schools and accredited investors to fund Income Share Agreements (ISAs). ISAs are an innovative solution to the student debt problem. Instead of borrowing to pay tuition, students pledge a fixed share of their future earnings but only if they have the ability to pay.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christopher Ricciardi
Chief Technical Officer
Christopher Roe
President
Charles Trafton
Vice President
Harry Birch
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We do our best to document tech company VC transactions. VC transactions on this site come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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