Company Name : Schoold
Funding Amount : $4.5 million
Investor(s) FastForward, Lorne Abony
Funding Round : Seed round
Schoold, a college planning startup has closed a seed round of approximately $4.5 million.
Participating investors included FastForward, Lorne Abony, a serial entrepreneur and investor, and several other private investors.
Funds will be used to extend and introduce new core functionality to the Schoold app as well as grow the company’s engineering and marketing teams.
“We’re excited to get this funding from FastForward, Lorne Abony and the rest of our investors. Their investment, coupled with the rapid adoption that Schoold’s app is experiencing, is a strong endorsement of our vision, approach and the underlying technology driving the product,” said Sourabh Ahuja, CEO of Schoold.
Schoold also claims that since the release of its mobile app just 30 days ago, college-bound students and parents have downloaded its namesake app more than 500,000 times.
It is a college and career planning app that helps young people and their families plan their educational futures. Launched in late February in the Google Play Store, Schoold vaulted to the number one top free college search app.