Edly ISA Marketplace
About this raise
Edly ISA Marketplace, with a valuation cap of $12.5 million, is raising funds on MicroVentures. The marketplace connects investors with students looking to finance their education through income share agreements (ISAs). Edly ISA Marketplace aims to make ISAs more popular as a professional asset class. Edly ISA Marketplace was founded by Chris Ricciardi and Charles Trafton in August 2019 and has raised more than $2.5 million in previous rounds of financing. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used for general marketing, research and development, future wages, and general working capital. Edly platform has over 2,500 ISA contracts and generated more than $380,000 in revenue in the first five months of 2020.
Investment Overview
Invested : $450,735
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 09/16/2020
- Close Date
- 12/21/2020
$25,000
$1,070,000
$100
Convertible Note
Pre-Seed
RegCF
/ RegD 506(c)
$12,500,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/21/2020 | Microventures | $12,500,000 | $450,735 | Convertible Note | Funded | RegCF / RegD 506(c) |