ABii by Van Robotics
[Closed for Investment] ABii by Van Robotics, with a pre-money valuation of $19.2 million, is raising funding on StartEngine. The company develops artificial intelligence-enabled smart robot tutors for personalized tutoring in core subjects. The robots understand individuals’ learning habits and adapt to their performance, attention, and stress levels. ABii by Van Robotics was founded by Laura Boccanfuso in 2016 and appeared on Shark Tank in May 2020. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to continue growing the network of ed tech resellers and distributors and add more content. ABii by Van Robotics sells robot tutors to schools at $999 per robot and individual customers at $599 per robot. The pilot conducted with four schools reported an improvement of 34% among 67% of the students.
Investment Overview
Raised: $328,600
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
07/29/2021 | StartEngine | $19,200,000 | $328,600 | Equity - Common | Funded | RegCF |